Due Diligence: Another Weaver Auction Trait

due diligence

Folks wonder why Weaver Signature Coin and Currency Auction typically tops our rankings and why the company is often featured on Proxiblog. Here’s a perfect example.

The majority of auctioneers on Proxibid would not have mentioned the scratch, even if it is on the flip (which indicates a quality consignor, by the way). They would take a photo of obverse and perhaps reverse without the trademark sharpness that is essential in telling a coin’s true condition. Moreover, several Proxibid auctioneers would hype the coin as being worth hundreds of dollars at MS 65 … or MS 67 … or even MS68, like this unnamed auctioneer:

due diligence2

No, Dave Weaver never hypes coins. In fact, in this case, he takes another close-up shot of the scratch so that bidders can see what, exactly, they are bidding on:
due diligence1

As long as Weaver Auction takes these extra steps, they will earn more than commissions. They will earn trust and return customers.

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.


4 thoughts on “Due Diligence: Another Weaver Auction Trait

  1. So your saying all the ms67 and ms66 graded dollars… Graded by nnc and Ntc … that weavers sell are actually those grades bc been seeing a lot of them in their auctions lately and does not state otherwise in their description for each coin if they or not the true grades that they are stating for each slab ?

    • Dave Weaver doesn’t comment on the grade of those coins. But he supplies photos–four of them–front slab, close-up of obverse, close-up of reverse, back slab–to make the determination. The one person that consistently tries to state the true condition of NCC and NTC is Kurt Kreuger of Kreuger & Kreuger. Another is Brad Lisembee of Capitol Coin Auction. Keep in mind that unlike you, Kurt and Brad, Dave Weaver is not a coin dealer but an auctioneer.

      • You seem to very much play favorites. You say you do not bash companies but you do. You use pictures from companies without clearly stating they are not yours. Half the companies you have ranked do not sell more than three coins worth more than $100 in there sales. Or do not host more than one sale worth bidding on within 3 months. The rankings and half the articles pertaining to companies are skewed to what you like not necessarily the standards you say to have.

        The articles that are coin based strictly are great resource! I have lost interest and respect for this blog after realization that the companies who “sponsor” you move higher in rankings based sponsorship. Buying rankings…

      • You’re free to make your own decisions about patronizing the blog or not. It’s a labor of love to post every day, and I do it for students to offset tuition debt. Otherwise, I’d be happy doing something else.

        The impact of Proxiblog on Proxibid has been huge. We have strengthened its quality control. At one point the company wouldn’t even support bidders in returning counterfeit coins.

        Your contention about playing favorites is unfortunate and demeaning. But I can see how you got there. Sponsorships are by invitation only. We will not accept sponsorships from companies whose practices we reject. We have been asked by several to do that, and we say no. So that is what might give the appearance of “favorites.”

        That said, more than half of the favorite sites on the left sidebar have made no donation whatsoever. We give shout-outs for good policies. And I can cite dozens upon dozens of examples, which you can fact-check in our “Boos and Booyahs tab.”

        Only a few auction houses with established onsite and online audiences can secure enough consignments for regular auctions. And to be sure, we hope that consignments are quality, like you. And we only include in our favorites companies from which we have bid and about which we have experience.

        We use screenshots, not photos, and that is an function of fair use, especially for educational purposes. Finally, thank you for your comment on bidding articles being a great resource. Our intent, however, is directed at best practices for auctioneers.

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