Western Auction Stays on Top

New rankings based on February’s auctions, our participation, service terms and consignments show Western Auction on top with quality raw coins that actually grade well at PCGS, as well as 10% buyer’s fee, quick shipping, and excellent numismatic photography. Leonard Auction was a close second, with Weaver Signature Coin Auction, SilverTowne, Liberty Shops, Star Coin and Currency, Jewelry Exchange and Rolling M Auctions all rising after exciting online and timed sessions on Proxibid. And Proxiblog has also risen in viewership, surpassing 30,500 lifetime views with an ever-expanding global audience.

The quality of our top houses–those earning 24-24.5 out of 25 points–has really become a matter of taste and consignment. You can find anything from rare coins to bargains in all of the ranked auction houses. They don’t see maximum bids, and they don’t shill bid, either, providing expandable photography and often, numismatic descriptions. Some houses dropped in the rankings because of fewer sessions, which means they will rise again with their next big consignment.

We still see way too many dipped and altered coins being sent to the same auctions not included in our rankings. And newcomers aren’t always being adequately informed about what the online audience seeks in Internet bidding. Unfortunately, we still see Proxibid auction houses charging too much for shipping or using third-party shippers, seeking credit card information rather than APN clearance, and otherwise hyping lots (including fakes and replicas).

Speaking of which, the top post remains “California Gold: real, replica and fake,” which now attracts more than 50 viewers per week, indicating the extent of the counterfeit problem often found in online portals, including eBay and Proxibid.

As the chart below shows, Proxiblog continues to increase its worldwide audience with almost 18,000 views in the past year and 30,500 lifetime views from the United States and countries across continents. (Click to expand chart below.)

March2013rankings

We have received several complimentary emails regarding our occasional sponsorship prize giveaways by Liberty Shops and Star Coin and Currency, and we thank all of our auction houses for supporting our scholarship fund.

Now for our disclaimer: Our rankings are based on our experience dealing with select auction houses, akin to “Favorite Sellers” on eBay. Your experience may differ from ours.

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