ALL TIME FAVORITE SELLERS:
NOTE: Auction houses in our top rankings do not see maximum bids or allow bidding by auctioneers or their employees. All rankings are based on Proxiblog buying experience to establish informed opinion. Your online experience may differ from ours or these reviews.
1. Capitol Coin Auctions
25 points. One of the most professional coin houses on the portal and, in our opinion, one of the top sellers on Internet. Low buyer’s fee, 15%. Consignments are among the best, and owners write accurate lot descriptions that are of PCGS accuracy. Great photos, too--among the best on Proxibid. More than 35 years in the business. Hosts only a half dozen sessions per year, but each is an event with coins from estates. Never overlook this house on Proxibid.
2. Weaver Signature Coin and Currency Auction
25 points. Weaver Signature Coin and Currency Auction. Detailed photography. Best innovation. Top online advertisements. Numismatic descriptions. Low or tiered buyer's fees. Runs budget-saver auctions. Highly competitive, innovative. Provides detailed receipts for both buyers and sellers. Very responsive. See "On the Block" entry for more information. Usually ships within 3-4 days.
3. Fox Valley Coins
24.5 points. One of our favorite Proxibid houses. Excellent consignments. This is the place where the best buys on the portal can be had if the bidder knows numismatics. We are excited to participate in each auction because of the vast array of key dates, varieties and rarities. Schedules only a few mega-auctions per year on Proxibid, but each one is an event! Now accepts credit cards. Photography greatly improved, which makes up for the lack of numismatic descriptions. Buyer’s premium is 18%.
4. SilverTowne Auctions
24.5 points. Exceeds basic criteria in both buying and consignor categories. Among best coin grading and descriptions on Proxibid. Top consignment policy for rare coins. Timed auctions offer great bargains with good selections. Accepts returns on counterfeit coins or if error made in description. Among fastest shippers on Proxibid using numismatic packing. Usually ships within 1-2 days.
5. Leonard Auction
24.5 points. Among the best consignments on Proxibid, and for good reason, too. John Leonard's policies of 0% seller's fee for lots that bring $250 or more ensures top numismatic items. Completely thorough lot descriptions. Quick shipping. Professional customer service. For more about this reputable house, see this "On the Block."
6. Jewelry Exchange
24.5 points. A long-standing reputable auction house featuring regular coin consignments, including gold, US and World coins (and on occasion Ancients) with 15% buyer’s premium, great customer service and quick shipping. Photography adequate; lot descriptions, accurate. See the company’s “On the Block” by clicking here.
7. Krueger and Krueger Auction
24.5 points. Kurt Krueger is a seasoned numismatist who conducts exemplary auctions on Proxibid. This house also is innovative and understands the importance of the online audience. Of particular note is his accurate lot descriptions. He’s not afraid to say “Hogwash” to bottom-tier alleged grades, and we love him for that.
8. Back to the Past Collectibles
24.5 points. 10% online buyer’s fee. Excellent photos. Quick shipping. Auctioneer C. Scott Lovejoy has made significant improvements and secured fine consignments. We admire houses like his that aim to please the online bidder! Rapidly becoming one of the top coin auctions on Proxiblog.
9. Star Coin and Currency
24.5 points. One of the best timed auctions on the portal. Keeps improving. Yet another company that pays attention to customer service. Sharp photography. Numismatic descriptions. Inexpensive, fast shipping.
10. Meares Auction
24.5 points. Charges 5% online buyer's fee for coins. See this article for Darron Meares' innovations. Improved photography. Courteous customer service. Ships reasonably and quickly. Knows coins. One of the longest Proxibid sellers and top auction house; nationally recognized as leader in industry.
11. Kaufman Realty and Auctions
24.5 points. Kaufman Realty features strong consignments, fair photos, numismatic lot descriptions and regular coin auctions. 15% buyer’s fee makes looking here a must. Shipping time is improving. Always worth the wait.
12. McKee Coin Auction
24.5 points. Charges 20% buyer's premium and doesn’t use APN, but gives 5% cash discount and uses PayPal. Consignments are improving, and photography is vastly improved. We know Owen McKee and are pleased that he is sharing his vast numismatic knowledge in his descriptions. You can also find the unexpected in his two-day 1500+ marathons, including Canadian coins. Shipping is reasonable but charges $1 per lot handling fee.
For other companies meeting basic criteria, click here.
No, they make dollar$ for auctioneer, consignor and buyer.
A few things should be mentioned here. Proxibid charges $750 per month to each auction house to run auctions. They charge $35 per auction to be included in their email ads each week. Yes 5% goes to Proxibid and another 3% goes to credit card merchant services. This does not include the actual overhead that auction houses have. We have to pay people to type catalogs, take pictures, answer calls, and pack auctions. We have our own advertising expenses and general supply costs associated with packing auctions every week. We have been with Proxibid for 5 years and it is still a hand to mouth business at times. One should note that dealing with Proxibid bidders that do not pay their bills or have bad credit cards costs us time and money as well. To summarize, our auctions average $50,000 per month with a 10% consignor fee, 0% on gold, 7.5% on certified items and 15% buyers premium we collect on average 14% to the house and that is only $1,750 per week to pay a staff of 5 people and pay business overhead including taxes to Uncle Sam. Many have came and tried to do it cheaper and those businesses have failed. If someone has an honest way for us to do this cheaper for the client that bids from the comfort of his home, please feel free to email us the way. The general auction bidder on our site receives the winning bid at 40% or more behind DEALER grey sheet asking prices. Regardless, of each auction houses actual % percentage breakdown, most are all selling items to the bidder for the same cash in my opinion.
Sincerely,
Charles C.
Midwest Coins
Yes, many have tried to meet standards … and many have failed. But ones that continue, that persist, that draw the best crowds onsite and the highest numbers online, not only have great policies but also great consignments. It’s competition. And that’s good for the hobby,.