Top 10 Best Practice Tips

Top-ranked Proxibid auctioneers are mindful of standards that bring return customers. Here are 10 standards used in our rankings and met at present by only a few of our best houses (see rankings to the right). How many does your house meet?

Top-ranked Proxibid auction houses all share common features:

  1. They secure top consignments of the most desirable coins.
  2. They secure those consignments with no or minimal seller fees.
  3. They feature sharp, expandable photos of all lots.
  4. They fill out lot descriptions completely and accurately.
  5. They understand numismatics and do not exaggerate condition or worth.
  6. They have APN clearance so that credit card use is convenient.
  7. They have low or NO opening bids or reserves.
  8. They ship cheaply, safely and quickly.
  9. They use Proxibid audio and/or video to enhance the auction experience.
  10. They accept returns on counterfeit and doctored coins.

We rate auction houses on these standards. Some of our top houses provide all of the above but fall short on numismatic knowledge, labeling choice coins “gem” (MS65 or better), almost uncirculated coins “choice” (MS 63-64), and extra fine coins “uncirculated” (MS60-62). If you’re going to sell coins, describe their conditions accurately, because sooner rather than later current return customers may stop patronizing your auctions or bidding high for low-ball coins.

Make it a point to know and meet the above standards. Then compare sales receipts. We think you’ll earn more than a good reputation. You’ll earn profits.

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.


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