Proxiblog is sponsored by …

Capitol Coin Auction


capitol

Check out Capitol Coin Auction’s upcoming auction slated Saturday, Oct. 25, on Proxibid. This is one of the finest Capitol auctions in recent memory. We’re bidding on multiple lots that have wide appeal.

Capitol Auctions, located in Evansville, Indiana, specializes in coin auctions. The company has more than 35 years’ experience in collecting, investing, and grading rare coins. Moreover, Capitol has numismatic quality photographs and accurate lot descriptions so that seller and bidder are informed transparently about value. Because Capitol relies in part on estate consignments, each Proxibid auction is an event, with top-quality silver and gold coins open for bidding.

Proxiblog has won lots from Capitol for the past three years, and its service is quick and professional. Raw coins purchased from Capitol, accurately described as grade-worthy, typically holder for us at PCGS. That said, bidding is always keen because of the desirability of the lots as well as the legwork that the company does for consignors, ensuring an audience and adding to the excitement online or onsite.

In addition to sharp photos and concise lot descriptions, Capitol publishes a catalog showcasing coins and informs bidders via an extensive mailing list. For large consignments, Capitol advertises in national periodicals like Coin World and Numismatic News.

Finally, Capitol Auctions is committed to providing a safe auction experience for buyers and sellers. It has a comprehensive privacy policy and its employees are trained to honor safeguard measures and the importance of confidentiality of personal information.

We thank Brad Lisembee and Capitol Coin Auctions for sponsoring Proxiblog’s scholarship fund to help ease student debt and create the next generation of auction-house bidders! If you would like to sponsor a week’s worth of Proxiblog, email mjbugeja@yahoo.com

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Top Houses Get Better; Others Dropped–Views at All-Time High!

Increasingly we’re seeing fewer new coin auctions on Proxibid worth bidding on, relying more on our top favorites that maintain standards in photography, consignments and customer service. Few can beat Brad Lisembee at Capitol Coin Auctions and Dave and Cheryl Weaver at Weaver Signature Coin and Currency Auction.


For more than a few years we had been listing as favorite houses about a dozen that have maintained 2012 standards … but have failed to improve to 2014 standards requiring sharp photography, reliable lot descriptions and cherry consignments. We read notices on their sites stating, “Tell us how we can be better,” and then see the same blurry photographs or the same inferior lots.

A few houses have been dropped because their consignments have not warranted a lot of interest–consistently, for the past several months. As soon as they get better coins, they’ll likely be back in our rankings.

Technically, we have dropped all houses that failed to earn a 24.5 out of 25.

Despite that news, coin auctions on Proxibid have been exciting. Fox Valley, Capitol Coin, Weaver, Krueger and Krueger, SilverTowne, Leonard, Star Coin, Jewelry Exchange, Back to the Past, Meares, et. al.–who could ask for a better selection!

Even Kaufman Auction is getting coins shipped in a timely manner and posting photos within a week of the event. McKee Coins is improving, as are Auctions By Wallace and A New Day Auctions.

Proxiblog also had one of its best months ever with almost 1500 views in 30 days. See our graph below:

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We continue to provide best practices and numismatic knowledge to our viewers for free. Please consider making a donation. We post daily during the week, which takes time and effort, and do this for educational purposes, informing auctioneers about best practices and viewers about numismatics. With our sponsorships, we fund media ethics scholarships for Iowa State University students.

Fortunately, we have several of our top houses donating funds to our scholarship account. You can also buy our new work, Online Coin Auctioneering or Basic Coin Design on Kindle. We are extremely grateful. Won’t you consider making a tax-deductible donation to the Iowa State Foundation so that we can continue publishing? Thank you for your consideration!

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.


Proxiblog is sponsored by

starcoin
Star Coin and Currency is always seeking choice coin consignments. The company has a large client base, respects sellers and showcases lots in regular weekly auctions. Those wishing to consign with Star Coin, should visit this page and provide contact information. Those wishing to check out the most recent catalog on Proxibid, should click the photo above.

Star Coin and Currency, operated by Jim Haver, is one of our favorite houses. This year his company won “Best Timed Auction” in our annual awards. Star Coin also won honorable mentions in “Most Improved,” “Best Descriptions” and “Best Shipping.”

Now Star Coin has broken into our top 10 rankings because of continuous improvement, better consignments and accurate numismatic descriptions.

Star Coin and Currency, located in Union Lake, Michigan, has been selling coins and currency online for over 12 years. “Everyday we strive to provide trusted service that exceeds expectations,” Jim Haver says. His goal is to satisfy buyers so that every online auction is a pleasant, positive experience.

Star Coin and Currency offers full auction and consignment services. The company can place numismatic items in Proxibid auctions or make outright offers for purchase. “As collectors ourselves we understand the process of selling numismatic items. We have a very large client base of active buyers looking to acquire a wide variety of type coins and currency.”

Proxiblog has supported Star Coin because of its bidder friendly terms of service. His company does not view or have access to bidder maximum pre-bids. It also does not allow or bid on lots to increase amounts. “All our auctions are $1 start, absolute, no reserve auctions,” Jim Haver states. “All items sell to the highest bidder.”

Generous consignment terms, expandable online photography, numismatic lot descriptions, quick shipping and customer service combine to make Star Coin and Currency a premiere auction house on the Proxibid portal!

We thank Star Coin and Currency for contributing to Proxiblog’s scholarship fund to help ease student debt and create the next generation of auction-house bidders!

Best Naturally Toned Coin on Hype-Bay?

hypebay

Numismatic exaggeration reached new heights this week on eBay when this attractive but all-too-common toned coin was originally listed at a quarter million dollars. The seller later reduced the price to $5,000 before we could get a screenshot. But we still have the evidence as we emailed the link for later follow-up. See it below.



Here’s how the description read:

    A Truly Spectacular Naturally Toned 2000 Silver Eagle, Graded, Certified, and Encapsulated Mint State 67! This Coin with it’s Eye Popping Color as Slabbed is EXACTLY the way I submitted it for Grading Earlier in Sept. 2014! This Coin is “Fall Out of Your Chair Gorgeous”!! The Rich Color Combinations on the Obverse and Reverse are a True Work of Art–Looks a lot like a Kaleidoscope of Colors!! The BLAZING Colors on this Coin Leave me SPEECHLESS!! I have NEVER Seen any other Coin in any denomination, U.S. or Foreign with Such BREATHTAKING Rainbow Tones! Notice the Lighter Hues Coming Down and Across the Obverse of the Coin. This looks like Rays of Sunlight Coming Down from The Clouds—AMAZING!! Buy it Now Or Make Your Best Offer! This is a Once in a Lifetime Coin for the Fortunate Winner!!

Here’s the original listing from the link embedded in our email:

hypebay1

Toned coins and bullion do get high premiums. The most gorgeous Silver Eagles typically sell for $300 on eBay. The most alluring usually come from old PCI slabs. We bought this for $154 and it slabbed at MS68 at PCGS:

hypebay2

We purchased this already slabbed at MS68 for $321:

hypebay3

They’re not for sale, by the way. But, well, we’ll reconsider if anyone is offering $250,000 … or even $5,000!

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.

EBW Coin Describes Cal. Gold Correctly

goodadvice

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.

Proxiblog is sponsored by

Weaver Coin Auction

Weaver Signature Coin and Currency Auction has remained one of Proxiblog’s top houses for four years running, primarily because owners Cheryl and Dave Weaver combine talents in communication and numismatics with a rich history in the auctioneering business.

Weaver Auction is family owned in its 20th year of specializing in selling coins, currency and other numismatic items. The company ranks among the top numismatic sellers on Proxibid (six badges!) for good reason. Their consignments excel. They promote their auctions expertly in concise email advertising. They have low or tiered online buyer’s fees. They specialize in customer service. They ship quickly and inexpensively. Their photography is sharp, expandable and exceptional.

They also treat their consignors with extraordinary service, sending checks within one week and sending consignment lists for good record-keeping. Proxiblog buys and sells with the Weavers.

Another reason for the Weavers’ success is their ability to convey via Internet the excitement of an onsite auction. Their staff is on hand not only to call auctions and serve those in attendance but also to fix technology glitches and insure a safe, secure and trustworthy online experience. The Weavers pride themselves on many long-term customers who have been attending their auctions for years. More important, they also appreciate equally as well their hundreds of online customers.

Dave Weaver, a graduate of the Missouri Auction School, is a licensed auctioneer. Cheryl is the “detail” half of this combo with emphasis on accuracy, scheduling and communication. The Weavers are members of The American Numismatic Association, National Auctioneer Association and the Missouri Professional Auctioneer Association.

We thank Weaver Coin and Currency Auction for sponsoring Proxiblog’s scholarship fund to help ease student debt and create the next generation of auction-house bidders!

Proxiblog is sponsored by

Weaver Coin Auction

Weaver Signature Coin and Currency Auction has remained one of Proxiblog’s top houses for four years running, primarily because owners Cheryl and Dave Weaver combine talents in communication and numismatics with a rich history in the auctioneering business.

Weaver Auction is family owned in its 20th year of specializing in selling coins, currency and other numismatic items. The company ranks among the top numismatic sellers on Proxibid (six badges!) for good reason. Their consignments excel. They promote their auctions expertly in concise email advertising. They have low or tiered online buyer’s fees. They specialize in customer service. They ship quickly and inexpensively. Their photography is sharp, expandable and exceptional.

They also treat their consignors with extraordinary service, sending checks within one week and sending consignment lists for good record-keeping. Proxiblog buys and sells with the Weavers.

Another reason for the Weavers’ success is their ability to convey via Internet the excitement of an onsite auction. Their staff is on hand not only to call auctions and serve those in attendance but also to fix technology glitches and insure a safe, secure and trustworthy online experience. The Weavers pride themselves on many long-term customers who have been attending their auctions for years. More important, they also appreciate equally as well their hundreds of online customers.

Dave Weaver, a graduate of the Missouri Auction School, is a licensed auctioneer. Cheryl is the “detail” half of this combo with emphasis on accuracy, scheduling and communication. The Weavers are members of The American Numismatic Association, National Auctioneer Association and the Missouri Professional Auctioneer Association.

We thank Weaver Coin and Currency Auction for sponsoring Proxiblog’s scholarship fund to help ease student debt and create the next generation of auction-house bidders!