Penny auction sites are fun if you`re careful and budget yourself so that you don`t end up spending more than you can afford. Also, you must make sure the penny auction site is reputable and reliable. My experience at Beezid.com has been a pleasant one. I have won two items so far and have not spent a lot of money. You can win high-end electronics and other sought-after items sometimes for pennies on the dollar at Beezid.com. Receive 25 free bids when you register and start bidding right away. I won a wireless keyboard worth over $60 with 6 of my 25 free bids and ended up paying a little over $5 with shipping and handling.