SilverTowne Auctions, operated by Rick Howard of Leipsic, Ohio, in partnership with SilverTowne Coins of Winchester, IN, began scheduling regular timed auctions in 2012 featuring rare and affordable coins and jewelry and winning our award for “Best Timed” sessions.
This was a very close competition with one house a mere point behind and other houses essentially tied for third place within two points of overtaking SilverTowne, which won because of the selection of rare coins and value-added considerations (shipping, descriptions, quality of consignments, etc.).
Click and expand the photo below to see how SilverTowne identifies flaws, overgrading and condition, which proved to be the winning factor.
Star Coin and Currency offers similar quality timed auctions with good descriptions and inexpensive, quick shipping and came closing to winning the category, but has an 18% BP (as opposed to SilverTowne’s 15%) and uses PayPal rather than APN. (Many bidders dislike PayPal because it eventually forces them to use its services rather than a credit card, taking funds directly from a bank account and depriving users of reward points and budgetary control.)
We also recommend timed sessions by Meares Auction Group, Jewelry Exchange and Liberty Shops Auctions, our other Honorable Mentions with Star Coin in this category. Auctioneers of these companies promote customer service and also possess numismatic expertise.
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.