We will run occasional grading checks on Proxibid auctions so you can see how we bid based on condition. These coins are from Munda’s April 11 auction. We grade on PCGS standards as found on Photograde, admittedly more conservative than grading of most auctioneers but still the standard in numismatics. Click pictures below to expand.
We call a coin:
“UNCIRCULATED” if will grade at NGC or PCGS at the MS60-62 level. Munda calls this album toning, and we agree with that and the grade. Rainbow toning like this is somewhat rare on older Franklins, so we’re bidding.
“AU58 SLIDER” if will grade at NGC or PCGS at the AU58 level but still might be passed off as uncirculated. We think the AU58 is conservative, and are glad Munda Auctions called it at the lower level, rather than UNC.
ALMOST UNCIRCULATED” if it would grade between AU50-58. We agree with the AU55 grade here, which also is on the conservative side.
“EXTRA FINE” if it would grade XF40-45. We agree with this grade, see a little luster, and believe this coin is high-end, or XF+.
VERY FINE” if it would grade VF20-35. Another VF+ on the high end of the Very Fine scale.
“FINE” if it would grade F12-15. Once more, an accurate conservative grade from Munda Auctions.
“VERY GOOD” if it would grade VG8-10. We agree with this grade. It’s a minor flaw, but we also see an old deep bag mark in the right field. That’s not enough to change this to DETAILS or GOOD.
“GOOD” if it would grade G4-6. Close call here on the low end of Good, but nevertheless, we agree.
“VALUE ADDED” if the auctioneer discloses flaws or condition issues with any lot. Munda Auction does this regularly, as the coins below illustrate, noting cleaning, damage and PVC corrosion.
Generally, in our subjective but nonetheless expert opinion, we feel Munda Auction is conservative or accurate to PCGS standards in almost all lots. This stands in stark contrast to the vast majority of auction houses on Proxibid. Munda Auctions does see maximum bids. If it didn’t, the auction would be among our top-ranked houses. We buy regularly from Munda and have been pleased with the service.
As noted, grading is in part subjective, and is difficult to do via online photographs. Our designations are based on how we bid and why. Thus, the overall grade on John Leonard’s grading based on our criteria: A.
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.