As our regular viewers know, we monitor Proxibid continuously for correct and incorrect descriptions of California fractional gold. So it was good to read how EBW Coin described a real but damaged gold quarter dollar, incorporating everything we have recommended for four years.
EBW Coin notes the correct designation of this small gold piece, 1871-H BG-857, Round, XF Details. There are several variations for this year, so the “H” after the date is necessary. The correct Breen-Gillio number is used. Some issues in 1871 were octagonal, so the term “Round” is correct, as is the designation and the notation of “Details” or damage to the lot (in this case, solder).
We especially like the lot description. Instead of hype, EBW Coin states the obvious: The coin was removed from a pin and has damage. It is a tiny gold piece, smaller than a dime. And the good advice: If you don’t know exactly what you are bidding on, please do not bid.
We would extend that advice to auctioneers: If you don’t exactly what you are describing, don’t write the description or list the lot because for every genuine coin, there are a dozen fake and replica pieces made of gold plate or brass.
To learn more, view our most popular post: California Gold: Real, Replica and Fake.
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.