Auction Empire Corrects Flip Info on Cal Gold

calgoldreplica

Ignoring the hyped information on the flip, proclaiming this replica as “gold” and “rare,” Auction Empire correctly labels this $1 value gold-plate fake a “replica.”

On this day in all the Proxibid auctions, you will not find a fake or replica California gold being labeled as the genuine thing. These brass and/or plated counterfeits have been giving the Secret Service fits since the 19th century. They are worth $1 or less. But we have seen phony lots sell on Proxibid for hundreds of dollars.

Our most popular post–California Gold: Real, Replica and Fake, which gets 100 hits per week–set the record straight on Proxiblog a few years ago. Among its recommendations is the requirement that all auctioneers cite the BG number from the Breen/Gillio Book on California Gold.

Brad Lisembee of Capitol Coin Auction shows how it’s done:

replica1

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s