Spotlight on SilverTowne Auction

This week we begin a series of spotlight reviews on the top five houses in our numerical rankings. Depicted here is a copy of our score sheet. Earning a 4 or 5 in our rankings is significant, and few top 20 houses earn more than one or two maximum scores. Those earning the highest scores this month also tied for top house, with Capitol, Key Date, SilverTowne, Weaver and Western all registering the maximum 25 points.

SilverTowne Coin Auctions on Proxibid feature two of the big names in numismatics: Rick Howard’s Coin Shop and Leon Hendrickson’s SilverTowne. Together, both companies have more than a century’s experience buying and selling coins. Perhaps their secret asset on Proxibid, however, is 75-year-old numismatist Larry Fuller whose lot descriptions are among the best on Proxibid.

Proxiblog consigns periodically to SilverTowne, and it is not unusual for Larry to send back a coin because it has a flaw. We never argue with him.

One of his specialties, which we applaud, is identifying slabbed coins of inferior quality–quite a difference from some Proxibid auctioneers, including current ones, who quote Red Book or Coin Values prices for self-slabbed coins worth only silver melt but billed as MS66 or higher.

Click here for an example of Larry’s lot descriptions.

Once again, you can gauge the quality of this house by the number of occurrences on our Boos and Booyah’s page–an even dozen in the past year. Here is a sampling:

Larry Fuller’s expertise adds significantly to that of Rick Howard and other SilverTowne employees, including Dave Nauert, who contributed one of our first and most enlightening “On the Block” posts.

As always, our rankings are based on personal experience with the auction house. Generally, SilverTowne values and designations are close to PCGS ones. The 1891-O one below was designated MS63, although it sold for MS62 rates, which turned out to be also PCGS’s opinion. (Click photos to expand).

Proxiblog photo
Proxiblog photo
Proxiblog photo

SilverTowne, like Key Date Coins, ships within one day using numismatic packaging. Earlier in the year it discontinued maximum-bid viewing, again like Key Date Coins. We continue to find superior coins, raw and slabbed, in SilverTowne auctions, and we’re excited about its series of timed auctions in which bargains are to be had.

To learn more about SilverTowne auctions, visit the company’s home page by clicking here.

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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