In the past few weeks we have received emails asking about our regular feature, “Boos & Booyahs,” chronicling best and bad lot descriptions on Proxibid. We now have such a page whose goal it is to praise auctioneers who take time to share their numismatic knowledge and to help others by using examples that fall short.
Together with good photography, which we are seeing more of on Proxibid, by the way, good lot descriptions are your key to selling rare and collectible coins on the portal. Some basics:
- Fill out the Proxibid application software as fully as possible, including titles of coins. If you put “Morgan Dollar” as title rather than “1893-O Almost Uncirculated Morgan Dollar,” that generic label will be repeated in emails and in “My Proxibid.”
- Sharp, expandable pictures should add detail to the lot description, backing up your claims about a coin. If you don’t know numismatics well enough, then provide the best photography you can afford because collectors will be able to tell varieties and condition.
- Even if the photograph shows obvious damage, or if the consignor noted that on the coin flip, repeat it in the lot description. That only protects you if a bidder complains after a sale about wanting to return a damaged coin.
- Do not only rely on consignor descriptions if you spot a flaw. If selling self-slabbed coins labeled MS66-70, and the coin is obviously cleaned or in lesser condition, you have the right to challenge the consignor’s description because he is selling on your reputation.
Sharp pictures and accurate lot descriptions not only will enhance your reputation but also bring repeat business, as more collectors and coin buyers are purchasing online rather than at shows or estate sales. Take advantage of the current consumer situation by learning numismatics and displaying your consignments in a manner that generates trust … and steady 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.