VALUE: Why Cite MS65 and $625?

Sometimes a coin picture is worth 1000 words, if you know the certification number and how to verify what the lot description states on Proxibid. We see so many of these problems on Proxibid that we will continue to remind our viewers how to check value before placing a bid. Otherwise, bidders can lose hundreds of dollars and auctioneers, return customers. (Click photo to expand.)



whyciteredbook

This auctioneer cites Redbook on a PCGS certified coin. The description states MS65 when the coin is MS63. Worse, this is not even the right coin. Note the FS033.53 on the label. That is die 3, a rather common variety worth about $20 in MS63 and $200 in MS65.

METHOD:

  1. Expand slab to view certification number.
  2. If PCGS, go here. If NGC, go here.
  3. Compare the auctioneer’s value with the retail value of the coin.
  4. If grossly overstated, use the “report this item” link on Proxibid to let the company know what you found.

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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