We regularly run features on counterfeit and hyped lots on Proxibid. So it is only appropriate that we acknowledge companies that write accurate lot descriptions, especially for fake coins and ones in bottom-tier holders. Here are two recent proactive examples by Kurt Krueger of Krueger and Krueger Auction and Dave Weaver of Weaver Auction
Kurt Krueger notes the coin above is a gold-plated bronze counterfeit, which is legal to own but illegal to sell as authentic. (Click to expand screenshot.)
Dave Weaver notes this hyped coin lot proclaiming an 1891 MS66 Morgan is polished and worth its weight in silver.
(For the record, a 1891 MS66 Morgan is worth $16,500. Out of a mintage of 8.7 million for that year, PCGS has only slabbed 2 at that grade with 1 at MS67.)
We wish all auctioneers on Proxibid identified fakes and flaws as Kurt Krueger and Dave Weaver do!
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.