July 2014 Rankings Posted; Proxiblog on Hiatus in Summer

Our top houses profiled here all offer something special to the coin buyer on Proxibid. Proxiblog, which continues to gain viewers worldwide, will be on hiatus to return Sept. 1, 2014. If you believe we are offering a valuable free service, posting every weekday–more than 700 posts since our inception, with 10,000+ photos–then please consider making a donation to our scholarship fund.


Capitol Coin Auction and Weaver Signature Coin and Currency Auction tie for first place in our rankings. They do everything right, from accurate numismatic descriptions to vivid photography. We placed Weaver at the top of the rankings this week because of great consignments and terrific customer service.

That said, Capitol Coin Auction remains a top contender in all categories. Look at the care that Capitol takes with each lot description, this one showcasing a collection in which every coin therein is graded by auctioneer Brad Lisembee (click to expand photo):

capitol_shoutout

Same holds for Dave Weaver who accurately describes condition of each lot in his auctions. Here’s an example:

weavershoutout

John Leonard of Leonard Auction upholds the same standards as Lisembee and Weaver, providing excellent photos and descriptions. In our view he ranks among the most knowledgeable auctioneers on the Proxibid portal. A screenshot from his most recent auction:

leonardshoutout

For sheer number of auctions on Proxibid and the vast array of consignments–you’re apt to find almost any type coin here–few rival SilverTowne Auctions. From rare gold to tokens to slabbed coins and rarities, SilverTowne has it covered:

silvertowne_selection

Best service terms on Proxibid, in addition to sharp photos and low low low buyer’s premium, goes to Meares Auction. Darron Meares is an experienced auctioneer who strives for superior customer service in all of his dealings. Take a look:

meares_terms

Most improved is Back to the Past auction. C. Scott Lovejoy worked with us for weeks to perfect photography. Take a look at this half dollar reverse in which full bell lines are easily seen. Can your auction provide the same detailed digital photography? Would that several on Proxibid could. See the evidence:

backtothepast

Our rankings this month featured most of our old standbys. However, several of our favorite houses have been dropped from our rankings only because they have not offered an online Proxibid session in the recent past. We value their operations so very much. As soon as we see a new event on Proxibid, they will return.

We remain impressed with A New Day Auction and its desire to continuously improve. Kendra Stevens, A New Day’s auctioneer, focuses on bidders as well as consignors in the great tradition of expert auctioneering. Sheena Wallace embodies the same admirable traits. Sheena is improving photography, as this example illustrates, showcasing an error cent (difficult to capture):

wallace

As we always note, our rankings are just that–ours. These are favorite houses. Your experience may differ from ours.

As for Proxibid, we are enroute to 55,000 views. We approached 15,000 views in the past year. The map below shows our global reach.

proxiblog_yearworld

We will be reconfiguring and updating our website during the summer. We also are in the process of kindling a new numismatic book, available soon on our site, for online coin auctions, featuring best practices for selling on Proxibid and eBay. We hope you will download a copy when it becomes available. We hope that you find our site helpful.

If so, please consider making a donation to our scholarship fund, which is why we share our numismatic knowledge with Proxibid auctioneers and buyers, helping defray student debt to ensure the next generation of auction bidders.

Thank you for visiting our site.

Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.


New Rankings, 51,000 Views; Proxiblog Takes Hiatus

Top six houses profiled here all offer something special to the coin buyer on Proxibid. Proxiblog, which continues to gain viewers worldwide, will be on hiatus to return Sept. 1, 2014. If you believe we are offering a valuable free service, posting every weekday–more than 700 posts since our inception, with 10,000+ photos–then please consider making a donation to our scholarship fund.


Capitol Coin Auction and Weaver Signature Coin and Currency Auction tie for first place in our rankings. They do everything right, from accurate numismatic descriptions to vivid photography.

Look at the care that Capitol takes with each lot description, this one showcasing a collection in which every coin therein is graded by auctioneer Brad Lisembee (click to expand photo):

capitol_shoutout

Same holds for Dave Weaver who accurately describes condition of each lot in his auctions. Here’s an example:

weavershoutout

John Leonard of Leonard Auction upholds the same standards as Lisembee and Weaver, providing excellent photos and descriptions. In our view he ranks among the most knowledgeable auctioneers on the Proxibid portal. A screenshot from his most recent auction:

leonardshoutout

For sheer number of auctions on Proxibid and the vast array of consignments–you’re apt to find almost any type coin here–few rival SilverTowne Auctions. From rare gold to tokens to slabbed coins and rarities, SilverTowne has it covered:

silvertowne_selection

Best service terms on Proxibid, in addition to sharp photos and low low low buyer’s premium, goes to Meares Auction. Darron Meares is an experienced auctioneer who strives for superior customer service in all of his dealings. Take a look:

meares_terms

Most improved is Back to the Past auction. C. Scott Lovejoy worked with us for weeks to perfect photography. Take a look at this half dollar reverse in which full bell lines are easily seen. Can your auction provide the same detailed digital photography? Would that several on Proxibid could. See the evidence:

backtothepast

Our rankings this month featured most of our old standbys. Several of our favorite houses–Southwest Bullion, Western Auction, Krueger and Krueger–are low in our rankings only because they have not offered an online Proxibid session in the recent past. We value their operations so very much. Also this month one house was dropped because of sale of replica California gold. Two houses were added, A New Day Auction and Allen and Marshall Auctioneers. Concerning the latter, we were impressed with this lot description on bottom-tier holders:

allen and Marshall shoutout

As we always note, our rankings are just that–ours. These are favorite houses. Your experience may differ from ours.

As for Proxibid, we surpassed 50,000 views last month. We approached 15,000 views in the past year. The map below shows our global reach.

proxiblog_yearworld

We will be reconfiguring and updating our website during the summer. We also are in the process of kindling a new numismatic book, available soon on our site, for online coin auctions, featuring best practices for selling on Proxibid and eBay. We hope you will download a copy when it becomes available. We hope that you find our site helpful.

If so, please consider making a donation to our scholarship fund, which is why we share our numismatic knowledge with Proxibid auctioneers and buyers, helping defray student debt to ensure the next generation of auction bidders.

Thank you for visiting our site.

Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.


An Auction House that Read the Unified User Agreement!

auctionwholesales

Auction Wholesales, Inc., deserves its Proxibid gold ribbon badge for the highest standards of ethics. Its policies are aligned with Proxibid’s Unified User Agreement concerning counterfeit, doctored or misrepresented items.

Unlike many other Proxibid houses that maintain, often in all caps–ALL SALES FINAL; NO RETURNS!–Auction Wholesalers reiterates the Unified User Agreement in one concise sentence:

    We only give returns if a product is fake, counterfeit, defective or inaccurately described items.


To read more about the Unified User Agreement, see this post.


Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.

Master Catalog Descriptions

catalog_billboard

Proxibid catalogs are accessed when a bidder clicks on the “Coin Category.” This is your chance to lure buyers to your sessions. Don’t blow it.

This catalog copy scares away bidders, laying down rules. Click photo to expand:

catalog_anegative

Descriptions reads:

    NOTE: TO ALL BUYERS ITEMS MUST PAID OR PICKED-UP WITHIN 3 DAYS OF INVOICE. ALL ITEMS SOLD AS IS. ALL SALES FINAL!


This catalog header simply states:Don’t miss this auction!
catalog1_nodescription
For those of us who know Mascari, that may be enough. For new bidders, probably not.


Engstrom Auction features a key gold coin in its billboard with a full description of the catalog … and also touts its excellent shipping.

catalog1_keycoin_description

Huge collection of coins from the estate of an avid and long time coin collector! High number of quality, rare, and unique coins with a wide variety for everyone! Guaranteed to ship next day!


We know it takes a lot of time and energy to post a terrific catalog. But don’t short yourself by skimping on the title page of your auction!


Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.

Engstrom’s Four Sizes of Photos


Engstrom Auction, long a favorite Proxiblog seller, shows four sizes of lot photos so that online buyers can make an education decision on how to bid. Several other of our favorite houses also provide the same courtesies. .



thumbnail

The photo above, originally taken in large pixel size, appears as thumbnail and expansion for the first two sizes. Click on the photo, and it expands again:

thumbnail1

    Because the photo is large enough as a file, you can use the Proxibid full expansion button on the lower right side of the photo for a final fourth expansion, necessary to identify varieties and flaws.

    thumbnail2

    Add to these features a 13% buyer’s fee, quality shipping and fine service, and you can see why we patronize Engstrom Auction.

    Would that other coin auctions on the portal learn from this example to increase sales and gain return customers.


    Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.

California Gold Replicas, Fakes Keep Selling on Proxibid

fakecoin

Unlike eBay, which banned the sale of replicas like this (though they keep appearing), Proxibid does little to remove these items from its portal. What good is the “Report this Item” link if auctioneers persist in selling these abominable fakes?

Next month one of our favorite sellers, alerted multiple times about selling replica California gold (no, you can’t escape a counterfeit by calling it “token”), will be removed from our sidebar. We also no longer will bid in his sessions. When you see a “bear” on the reverse, you can be sure that the item is a modern replica or, at best, and older counterfeit:

fakebear

We reported the item, and Proxibid alerted the auctioneers’ sales rep. That, it seems, is as much the company can do (and we appreciate that). But if auctioneers persist, the lots remain. All an unhappy buyer can do is come to his senses and dispute the fake as significantly not as described. How many will go through that procedure when months or even years after the fact they are informed about the authenticity of the replica?

What we cannot understand is how auctioneers would rather lose a major buyer like us to continue to sell these replicas that have plagued coin collecting since the 19th century when the U.S. government cracked down on them.

There are jewelers’ token sold in the 1930s. These are not fractional gold but often depict a western scene and are, in fact, low-grade gold. At least McKee Coins, an Iowa coin dealer, attributes that in this lot, noting there is no denomination on the reverse–a telltale sign of a replica (click to expand photo):

fake1

We have been sounding the alert on these fakes on Proxibid for more than three years. This is our most popular post, which enjoys 100+ hits per month.

For a more in-depth article, click here.

For an in-depth article featuring quotations from top numismatist Ron Guth, president of PCGS CoinFacts, click here.

For those buying and selling small denomination gold coins, PCGS CoinFacts is indispensable. It contains a regularly updated, comprehensive list of authentic types with photos to identify variety and value.

We recommend that Proxibid require sellers to list the “BG identification number” for small denomination gold coins. The “BG” refers to Walter Breen and Ron Gillio, authors of California Pioneer Fraction Gold. That book is pricey ($300); best to get a subscriptiuon to CoinFacts. If you cannot find the BG number, you most probably have a fake. If you see a bear on the reverse, you have a fake. If you do not see a denomination–1/4 dollar, 1/2 dol., dollar, etc.–you have a fake or a jeweler’s token (with western scene).

We just reported another fake on an auctioneer site from which we have bought coins in the past. If it is not taken down in a few days, we no longer will bid there as well. Reason? How can you trust an auctioneer who would rather sell a fake than take it down for a favorite buyer?

The more these fakes appear on Proxibid, the more they will erode the company’s brand of “trust.”


Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.

Consign to Leonard Auction

leonardauction

Leonard Auction and Appraisers is one of the best venues for consignors. Owner John Leonard is always seeking holdered and raw gold and silver coins and rarities. Read about John Leonard’s evaluation and consignment policies–among the most professional in the business–by clicking here.

Leonard Auction, located in Addison, Ill., is a premiere Chicago auction house and estate liquidation firm that does just about everything right. You will be working with an auction house that puts customer service first, gets great consignments, describes lots numismatically and depicts them brilliantly for the Internet bidder.

Leonard Auction also has detailed consignment policies that secure some of the best coin lots on the Proxibid portal. The company not only knows numismatics but also protects buyers, as this post illustrates, noting the Leonard policy on coin authenticity and emphasizing why Leonard Auction ranks among the most trusted on Proxibid.

Leonard Auction has a reputation for experience, integrity, and superior technology–core values of founder and appraiser John Leonard–that propelled his house to the top echelon of auctioneering. As far as numismatics go, Leonard Auction is the only house we have reviewed to earn an A+ for conservatively grading raw coins. See this post for proof.

John Leonard conducts a series of auctions each month, generally on the third weekend. His Friday night Coin & Currency auction features 300-400 lots of high-end collectible coins, currency, gold, silver, platinum and stamps.

The company’s onsite house has more than 8000 square feet of showroom and office space. As the picture below shows, it is a first-class facility for appraisals and lot inspection.

leonardauction

You can download his consignment form here.

Proxiblog has consigned coins with Leonard Auction in the past and so knows from experience that the auction house relies on advertising, marketing and onsite and floor competition to reach wholesale and often retail levels for lots in addition to sell-throughs.

Leonard Auction uses full color catalogs, advertising and select mailing lists, Internet marketing and online/onsite auction previews.

We thank Leonard Auction for contributing to Proxiblog’s scholarship fund to help ease student debt and create the next generation of auction-house bidders!