We will run occasional grading checks on Proxibid auctions so you can see how we bid based on condition. These coins are from Weaver Signature Coin and Currency Auction’s June 9 session. 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:
“Choice Brilliant Uncirculated” if will grade at NGC or PCGS at the MS63-64 level. Weaver calls Choice BU, but we see one too many bagmarks for that grade. We’d call it Mint State (meaning MS 60-62).
“Choice AU” if will grade at NGC or PCGS at the AU58 level. We agree with this grade.
ALMOST UNCIRCULATED” if it would grade between AU50-58. We agree with the AU grade here, but think this may be AU50.
“EXTRA FINE” if it would grade XF40-45. We agree with this grade and also believe there is a chance the coin may have been cleaned. Hard to tell on some Wheat cents. We’re a bit concerned with the upper left and right fields. (Click picture to expand and judge for yourself.)
VERY FINE” if it would grade VF20-35. We agree with the middle grade of VF on the 1923-D Peace Dollar, which also has what look like cabinet rubs. We applaud Weaver for noting condition in a multi-item lot.
“FINE” if it would grade F12-15. Once more, an accurate grade here with a note about cleaning, a value-added feature in Weaver Auctions.
“VERY GOOD” if it would grade VG8-10. We agree with this grade. We also agree that there is damage to this coin, as noted in the lot description.
“GOOD” if it would grade G4-6. We agree with this grade.
“VALUE ADDED” if the auctioneer discloses flaws or condition issues with any lot. As noted, Weaver Auction does this regularly, describing cleaning and rim dings:
Generally, in our subjective but nonetheless expert opinion, we feel Weaver Auction is accurate to PCGS standards in almost all lots. This stands in stark contrast to the vast majority of auction houses on Proxibid. Weaver Auction has been top-rated on Proxiblog for three straight years.
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 Weaver Auction 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.
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