Tag Archives: EBW Coin

EBW Coin Describes Cal. Gold Correctly

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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.

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Don’t wait for consignments: Seek them in the classifieds of your local newspaper!

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Like Star Coin and Currency, EBW Coin not only showcases its coins but also its Internet friendly service terms that include ZERO percent buyer’s fees. How does EBW do it? We’ll explain how you can, too.



There’s no question that Proxibidders like low buyer’s fees. EBW Coins sells at zero! It’s not surprising, however. The company has a Wilmington, Mass., office that schedules appointments for anyone with coins to sell. They buy those coins so they don’t have to pay buyer’s fees.

Click here to visit EBW’s home page, which states:

    “We are buying!!! Private office in Wilmington by appointment only. We buy Coins, Currency, Tokens, Gold and Silver Bullion. Please use the links below and contact us to set up an appointment. We also do appraisals for estates and divorces. We can also advise you on investing in rare coins or bullion. … Paying 98-99% of melt on most gold bullion, 100% of melt on Gold American Eagles, and over 100% for pre-1933 gold coins.”

If you’re a typical auctioneer, you may be waiting for consignors to come to you. Or perhaps are not advertising sufficiently to buy estates. However, by placing an advertisement at least once per month in your local newspaper, inviting families with coins to sell to come to your office, you can score a major consignment, lower your buyer’s premiums and compete online with veterans like EBW Coin.

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.