New Rankings; 18-Month Views Exceed 40,000 Worldwide!

Proxiblog’s Coin and Currency category added one new auction in the past month, EBW Coins, which features good photography, numismatic lot descriptions and zero percent buyer’s premium (with Greysheet opening bids, however). The big news is that Proxiblog’s audience continues to grow with more than 40,000 views in the past 18 months, raising total views to 55,000 since its inception three years ago.


Weaver Signature Coin and Currency Auction continues to hold the top spot again this month. The duo of Dave and Cheryl Weaver are doing everything right. Lot descriptions are accurate. Photos expandable. Shipping and customer service just fine.

Our other trusty stand-bys continue to excite us every time they schedule an auction: Capitol Coin Auction, SilverTowne, Leonard Auction, Meares Auction, and Fox Valley Coins.

The big news in our ratings concerns Back to the Past Collectibles and Star Coin and Currency. C. Scott Lovejoy and Jim Haver, respectively, continue to improve consignments, elevating their rankings. Back to the Past, in particular, with its 10% buyer’s fee will challenge any top house in our rankings with more and rarer consignments.

Leonard, Capitol, Meares and Fox Valley all boast great photos, consignments, service and descriptions.

Other houses to watch are A New Day Auction and Auctions by Wallace. Like Lovejoy and Haver, Kendra Stevens of A New Day and Sheena Wallace are continuously improving their events. Now they need top consignments.

Our advice to them is to place a classified ad in local newspapers seeking consignments or offering to buy collections. You’ll be surprised at how far that last recommendation goes, especially when estates are transferred.

Consignments typically are key to our rankings. Any house scoring 24.5 points practices and/or exceeds our Honor Roll standards.

Also keep in mind that our favorite houses are just that–ours. Your experience may differ from ours.

As for Proxiblog, we keep growing. We are in the process of upgrading our site (we hope you like the cleaner look). As the map below shows, we are reaching more viewers in Canada, England and India. Once again, the most accessed post was California Gold, real, replica and fake. That post averages between 400+ views per month.

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We continue to provide best practices and numismatic knowledge to our viewers for free. Please consider making a donation. We are on hiatus at the moment but post every weekday during September-June. We do this for educational purposes, informing viewers about numismatics as well as funding 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.


Tech Glitch Excites, Then Deflates

A technical glitch last week eliminated transparency notices–maximum-bid and ghost-bidding warnings–on certain coin auctions. At first, we were elated and ready to bid with confidence on several different auctions. Then we checked with Proxibid, and soon the glitch was fixed and transparency notices were restored.

Suffice to say we bid cautiously or not at all on any coin auction that sees maximum bids or allows ghost-bidding.

This is just our opinion. Feel free to do what you want on the portal.

Factor this, though: In normal auctions (yes, “normal” is the correct word), we bid above retail on certain coins because of condition rarities or other desired lots. Because bidding is so intense in a Western, Weaver, Capitol, Leonard, Key Date, SilverTowne, Bullock or other top-ranked auctions (see rankings to the right), we only win one tenth of our maximums on a good day and often, nothing at all on a bad day, even though our maximums are so high. That indicates other bidders are bidding with confidence–or overconfidence!

Certain companies such as Southwest Bullion and Liberty Shops Auctions are on to something adopting ZERO or minimum buyers’ premiums to spark competition and bidding wars (and we’ve been in a few of late on Weaver and Western, in particular).

There is NO WAY for auctioneers to secure these retail sell-throughs by viewing maximums and ghost-bidding (often combined with overgrading and hype). By insisting on playing it conservatively at the expensive of bidders, in our opinion, they may be harming their brands.

Conversely, we know that consignors are rough on auctioneers, forcing them to adopt these bad auctioneering habits. Remember, though, sellers need you. You set the rules. And sellers who insist on hidden reserves that force maximum-bid viewing should be charged buybacks for your efforts on their behalf.