Introducing New Penny Auction Site 1PennyWin.com

1pennywin-penny-auctionsHave you had a chance to bid on penny auction site 1pennywin.com yet? This week I had the pleasure of interviewing the founder of the 1-week old penny auction site, Tim Russell.

1PennyWin opened on September 31st, and so far Tim tells me that all of the winners’ items have either been shipped or received already. Tim is a business owner in Florida in Florida with a number of successful businesses, including FL pawn shop Big Tim’s Pawn (bigtimspawn.com) and eBay store. He tells us that his pawn shop is the largest privately owned pawn shop in Central Florida. Tim also holds a degree in mathematics, game theory (Check out our article “Penny Auctions a Mix of Game Theory and Psychology)to be exact, so after his wife found penny auctions over 2 years ago and tried her hand at bidding to win designer purses Tim analyzed penny auctions. Penny auctions intriged him, and his thesis was actually about John Nash.

1PennyWin.com Development 

 Tim told me that his main focus, in choosing a developer to help with the software of 1pennywin.com, was to find a script without bots in it and Aj Rosner’s penny auction script didn’t have bots, so he was really happy about that (so are we).

Unique Referral System

1PennyWin.com has a unique 2 level referral system. For instance, say I refer you to 1PennyWin (link to join) like I just did, if you purchase bids from my link, same goes to you, if you promote 1PennyWin by referring a friend, we will receive 10% on all of their bid purchases for life, then whoever our friends refer, 5% of what they purchase. The referral commission can be redeemable either as bids or a cash payout. There will soon be a special promotion (check back here next week) to the person to refer the most bidders to the site.

Items Always on Hand First

Tim says that all items that are offered on 1pennywin.com are all brand new and already in stock before the items are listed for auction. He also ships the gift cards electronically. “The main problem with penny auctions is customer service, same goes for pawn shops, I care about how my business is perceived, so I care about providing a good customer experience and even offer a telephone support number for anyone that has questions.”-Tim Russell.

Buy it Now: 100% (for now)

Right now 1pennywin’s auctions all have 100% buy it now eligibility up to 1-hour from auction close time. This means that you can purchase the item at the posted price (which is the Amazon.com price) with the bids you’ve spent + any extra money if needed and not walk away empty handed. Tim tells me that they have plans of decreasing the BIN value to 80% possibly within the next few weeks, so be sure to read all of the terms so you know what the buy it now is if you decide to bid.

Winner History is Detailed

The sold penny auction auction history shows the entire bidder history, whether or not the item has been shipped or not, and whether or not the bids were free (promotional) or purchased.

This week only (week of Oct 11th)  new users get €50 Free Bids, 60 Free Bids for Penny Auction Watch readers with promo code PAWWIN10 used at registration. 

1PennyWin is Open to US & Canada Penny Auction Bidders

Bids Cost: $0.75 a piece and can be bought in a user determined amount, say you want to spend $115 on bids, put in that amount and that’s what you get, there are no predetermined bid pack amounts.

Items: 1PennyWin’s item lineup right now is 8 items per day from 7pm to 10pm EST with plans of expanding as the site grows. All items are shipped with a tracking number and reasonably priced shipping.

Unique Items: Some unique auctions on 1PennyWin include token and 2nd chance auctions. “The next time you get beat at the last second just email us to redeem it and we will return all the bids you used in any auction one time. Basically 2nd place gets all their bids back +25 free bids. Can not be applied to previous unsuccessful auctions.” Another really unique auction is 1PennyWin’s Be a Penny Auction Owner for a Day. If you win the auction you get to be a penny auction owner for a day, you pay for the item, whatever you choose, and whatever revenue it takes in you get. Now that’s pretty unique!

Bid Refund Policy: There are currently no bid refunds on purchased bids. Bids earned from referral are cashable.
Tiered Value Win Limits: Very transparent win limit system. The win limits are displayed as a graphic in the account section, and also, anyone can click on a bidder’s name and see what their win limit status is.
According to Tim, 1PennyWin.com’s goal is to be open, transparent,  and fair to all bidders.

“So try it out. Have fun, win a silver dollar and get some cool stuff.”-Tim Russell, 1PennyWin.com.

Tim’s favorite quote is by William Penn:  “I expect to pass through life but once. If therefore, there be any kindness I can show, or any good thing I can do to any fellow being, let me do it now, and not defer or neglect it, as I shall not pass this way again. I try and live my life like this everyday. It’s in my wallet I always carry it. When I have tough choices to make it is one of the first things I consider. How do you live your life?”

1PennyWin.com Business Information: 

“1pennywin.com and TKR Inc. is located in Pinellas Park Florida but serves the contiguous United States.

Our Products: We only offer the top brands in the industry. We intend to run fair, honest Penny Auciton sites.

Tim Russell

President

1pennywin.com and TKR Inc

5193 73rd Ave N

Pinellas Park, Fl 33781

727-231-4900 call us we answer and return calls!”

See what our members are saying about 1PennyWin and discuss this penny auction site with us in our forum! click here.

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27 comments… add one
  • Tim Russell October 11, 2012, 10:09 pm

    Amanda, thank you so much for the great article. I know for a fact I didn’t give you that quote. It is true that it is my favorite and from a great American William Penn, so you really did dig to find that.

    I have already met some great people and had a lot of fun in my new Penny Auction venture. I look forward to trying to be a fan favorite.

    One small correction, the ability to buy a specific amount of bids is being worked on and not available for consumption quite yet. Thanks for helping me get the word out.

    Tim

    Reply
    • Amanda Lee October 11, 2012, 10:31 pm

      Thanks Tim, my pleasure. Yes I did dig a little bit, 😉 that’s my job! hah. Love that quote! Thank you for the correction. Can’t wait to read more good things about your new site.

      Reply
  • GKBTBL October 12, 2012, 2:29 pm

    Excellent site!!!! Top notch, Tim is one of the greatest owners around, as hes says this site is no bs! Fair, honest, fast shipping! Great customer service!!!! Highly Recommend!

    Reply
  • CokeAnASmile October 12, 2012, 5:55 pm

    Great article! I joined the site not too long ago and won my first gift card on the site. It was fast, easy, and my item shipped lightning fast as well. Tim’s a nice guy and he does answer email. Thats a plus! The Variety of items is wonderful so it’s fun to look through them and find what special item you want to bid on. I recommend you try 1pennywin.com. I’m glad I did! Please click on my referral link and have fun! Thanks! http://www.1pennywin.com/registration.php?ref=CokeAnASmile

    Reply
  • David Goldman October 12, 2012, 7:38 pm

    This is a great site. Won an e-card and received it within minutes!

    Reply
  • Tyrone October 12, 2012, 7:52 pm

    Great site! Love the layout of the auction page and there is some cool stuff up for auction. Gotta love the Amazon.com gift cards for sure.

    Reply
  • Ken M October 22, 2012, 1:10 am

    Just some info for anyone who is wondering whether this site is a scam or not, I will relay an incident that has happened since I decided to trust this site with my money. First off I like how the owner of the site takes an active roll in his business, and always is sending out information on what is going on and what is to come. Second, if you have a problem, or send an email for something, someone if not the owner himself will get back in touch with you right away. As for my incident, I lost an auction on a silver 1 ounce coin, but in doing the math, I still would come out just a little ahead by taking advantage of the buy it now feature so I did. I got an e-mail with the tracking # on it so I could track it to my house. I looked at the tracking site once saw it was on the way and what day it was suppose to get here, so I went about my day to day life. Well when it did’t come in on the day the tracking said it would, I went back and re-tracked it, and saw it was delivered to a loc. about 1000 miles or so from me. So I started to get that oh no here comes trouble feeling when you have to explain something to a co., and not knowing if they are gonna understand what you are trying to say to them, or give you the, “well we show it was delivered” routine. So I sent The owner of this site Tim Russell an e-mail explaining to him my coin was delivered but not to me. I got an e-mail back a short time later with no questions, a short sentence saying “Ken I’m sorry, I checked into it, it was our mistake, your coin is on its way by overnight express”. The tag showed it cost him more than half of what I paid for it for him to send it by overnight service. I didn’t even have the chance to tell him he didn’t need to spend all that money to send it for overnight delivery, that I wasn’t in that big of a hurry to get it, and when I sent that e-mail expressing that, his reply was it was his mistake, and I hope you enjoy your coin. So for as long as he has this auction site up, I will be a customer and bidder. Ken

    Reply
  • goodtiming420 November 20, 2012, 11:19 am

    I’m impressed with how the owner seems committed to making sure that there is no funny business going on at his site. Though some say he can be a little harsh in his commentary, it is always raw and to the point. I like the site so far and look forward to seeing it grow.

    Reply
  • GonnaWin November 20, 2012, 12:49 pm

    Just joined the site, but I was referred by another bidder. It seems Tim is a concerned owner and will do what is right by customer. That’s impressive. I have heard delivery is fast and will look forward to my first win!

    Reply
  • 1Warning November 20, 2012, 1:30 pm

    Great site with GREAT customer service!

    Reply
  • BadMedicine November 20, 2012, 2:26 pm

    1pennywin is a great PA. Excellent customer service and FAST shipping. Auctions are creative and unique.

    Reply
  • CantWinNow09 November 20, 2012, 6:01 pm

    This is a great site has fast shipping give it a try

    Reply
  • kevsong November 20, 2012, 6:18 pm

    havent won anything thing yet,but still think its a great site,need to spend more time

    Reply
  • SNIPER November 20, 2012, 7:21 pm

    Very good PA site … promising!

    Reply
  • Biddinbandit November 20, 2012, 9:15 pm

    This is one top notch site you really need to try or at least go check out and you will like what you see! Tell him Biddinbandit sent ya and we will both profit! There are lots of different auction types and styles and shipping is the best! What are you waiting for get on over and join the fun!

    Reply
  • favoredtowin November 23, 2012, 11:48 am

    1PennyWin is a newer site on the penny auction scene but has some very interesting auction formats which make it fun to use and check out. Tim is great about getting back to you with any questions or concerns. The site loads up very fast and is easy to move around in. They also have many interesting items to bid on. I’ll be checking them out on a daily basis. Thanks

    Reply
  • IWONTSTOP November 24, 2012, 1:19 pm

    I THINK THE OWNER REALLY HAS SOMETHING
    HERE. I THINK THE PRICES ARE REASONABLE AND
    THERE ARE GOOD PRIZES. HE REALLY SEEMS TO
    CARE, THE WAY HE KEEPS YOU UPDATED THROUGH
    E-MAILS, AND EVERY NOW AND THEN GIVING YOU SOME
    FREE BIDS. MOST OTHER AUCTIONS DON’T DO THAT.

    Reply
  • have2bid November 24, 2012, 4:40 pm

    The owner is open and honest about problems a bidder might be having and is quick to fix the problem. It’s nice to see a pa that is this honest and has integrity.

    Reply
  • scott gamarsh November 24, 2012, 4:54 pm

    Tim is a straight shooter trying hard to make an honest site,great site with supper fast shipping!

    Reply
  • IWantit November 24, 2012, 6:28 pm

    1PennyWin has some very interesting auctions. Tim continues to come up with new and novel ideas not seen on other sites. The site is growing and soon there will be more auctions. Tim also keeps users updated with what’s going on by posting announcements when you go into ‘My Account’ page. This keeps all the bidders up to date. Right now, Tim is very generous with his promotional bids. So hop on over and see what’s happening!

    Reply
  • buzz59` November 24, 2012, 9:18 pm

    Even though 1pennyWin is a new site, Tim seems to have handle on what is necessary for success. I’m looking forward to the future of this site.

    Reply
  • Brian Colangelo November 24, 2012, 9:46 pm

    I love 1pennywin I won a ton of stuff running only on free bids

    Reply
  • DANNYPANNY14 November 24, 2012, 10:14 pm

    this is the best site so far i love the owner tom he is nice is strict with the rules doesn’t make shiping very high or make us pay for handling

    Reply
  • ShutTheDoor November 30, 2012, 4:29 pm

    I have played a lot of penny auctions but I like this one the best of all, mostly because I know it is honest. The owner keeps communication open and gives updates and explains how the auctions work. I will refer this auction to friends & family because I trust it. The owner seems to come up with new ideas all the time which gives us a better chance of winning. I do recommend this site to new players.

    Reply
  • krazy4diamond November 30, 2012, 5:43 pm

    Great site with excellent customer Service and very quick shipping. All the way 5 star

    Reply
  • tb0ne2u December 6, 2012, 6:31 pm

    I love 1pennywin.com they have interesting auctions that foster lots of participation. Some auctions you will not see anywhere else. The customer service is great. Tim, the owner pretty much handles the customer service himself. I also like the fact that they offer lower bid packages for those of us that can shell out $40-$50 at a time.

    Reply
  • bruzier December 13, 2012, 3:03 pm

    1pennywin.com is a fairly new honest & fair site that has unique auctions with multiple winner auctions along with regular auctions that you expect to see. But the unique & multible auctions makes it fun to play.

    The customer service is great and the shipping is excellent! I won a multiple auction last night and it was for Amazon cards. The amount of Amazon cash is already in my account. That’s what I call lightning fast!!

    The site is growing daily and so are the auctions.

    It seems like I’m always getting a free bid or more almost daily as I visit the site almost everyday just to see what’s going on that day.

    The newsletter he has keeps you informed and up to date on whys going on and hats coming up in the near future.

    If you like a fair and honest owner with fantastic communication and super fast shipping with auctions for Newbies, Novices & V.I.P., this site could be just what your looking for as its growing daily with more auctions as the membership grows so come and check it out and have some fun.

    Good luck!

    Reply

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