Tag Archives: Jewelkry Exchange

Boos & Booyahs: Best & Bad Auctioneer Lot Descriptions

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It’s important to be in sync with the Proxibid technology to showcase your photos, hone your lot descriptions, and highlight your consignments for top bids on the leading portal! In the latest installment, Proxiblog laments bad auctioneer lot descriptions and praises the best in recent auctions. (Be sure to click pictures to expand and view lot descriptions below.)

weaverbox

Booyah Weaver Auction! for noting certificate of authenticity and box container on US Mint Products. You can deduct 25% or more without both from the current value. If you bid on the coin, plan to submit it to PCGS or NGC to regain your investment … and then some. That’s what we do.

1940S_noproof

Boo! to this auction house not only for hyping the grade of the coin but also calling it a proof, when it has a mint mark “S” and when all proofs then were made in Philadelphia.

1942_noproof

Boo again! to the same house for calling a mint state cent a proof and for hyping the grade this time to MS70. (If you’re calling something a proof, you might as well go for it with the right designation, PF70.)

hyped

Another Boo! to this house for allowing a bottom-tier slab to label a 1954 Quarter Dollar MS70. CoinFacts shows no coins in the ms68 category, let alone MS70.

howitsdone

Booyah SilverTowne Auctions! for correctly identifying both damage, rarity and BG number for authentic California gold. See CoinFacts insert on survival rate: 200.

exjewelry

Booyah Rolling M Auctions! for describing ex-jewelry on this gold lot.

mistakes

Boo! to this house for mis-identifying the year and the grade. It’s an 1886 (O or P). Why? Because the house only provides an obverse photo. Three strikes and you’re out: Boo! Boo! Boo!

munda_mintage

Booyah Munda Auction! for providing the mintage on a scarce coin. Wish more houses would do that!

pinscratch

Booyah Jewelry Exchange! for noting a pin scratch on this lot, which too often is difficult to see in online photography.

rim
Booyah! to SilverTowne again for noting another easily overlooked flaw–a rim dent. Noting flaws brings trust and return customers.

ryther_repros

Booyah Gary Ryther Auction! for making sure in the lot description and photo that everyone knows these are reproductions.

Viewers can point us to other candidates for our “Boos & Booyahs!” series. Just leave a comment but follow our rules–all in good fun as a way to inspire accurate lot descriptions on Proxibid. Tomorrow we will showcase the best lot descriptions. Stay tuned!

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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Capitol Coin Auction Wins … “Best Value-Added”

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best value added

Value-added considerations are found mostly in terms of service, which every buyer should read before placing a bid in a Proxibid Auction. Capitol Coin Auction’s terms of service are among the fairest on the portal. We know. We patronize Brad Lisembee’s sessions and have dealt with him for years, mainly because of his standards.

Speaking of standards, we will do a post soon on new ones for auction houses to be included in our Honor Roll pages, which we recently updated. We seldom bid in auctions that lack any of those 10 standards for online coin bidding. (NOTE: If we missed your auction house in our revision of this page, please notify us at this email address.)

We strongly encourage any coin buyer to read terms of service before placing any bid in a Proxibid auction. Bidders and auctioneers alike should read the Unified User Agreement. Contrary to what some auctioneers believe, all sales of coins are NOT final if they are counterfeit.

The Unified User Agreement specifically states:

  • If, within a reasonable amount of time, Buyer gives notice in writing to Seller that the lot so sold is a counterfeit and after such notice the Buyer returns the lot to Seller in the same condition as when sold, and establishes to the satisfaction of Seller that the returned lot is in fact a counterfeit, Seller as agent for the consignor will rescind the sale and refund the purchase price.

Capitol Coin Auction, and honorable mention houses listed here, abide by clauses of that agreement. Here are a few excerpts from their terms of service.

Capitol Coin Auction

Sales are final with no returns except for reason of authenticity (proof of non-authenticity is required by PCGS or NGC). … We go to great efforts to ensure that all lots are described accurately and thoroughly, and that detailed photos are provided to assist our bidders. We strictly safeguard access to your information, and all of our employees and contractors have been trained on safeguarding measures and the importance of confidentiality of our customers’ personal information. Personal information that has been collected about you will be safeguarded by us and will be destroyed if not needed. We will NEVER sell, disclose or otherwise provide any of your personal information to third parties, except as required by law.

Jewelry Exchange

Written descriptions of all items are true to our knowledge. Material identified as gold, silver or platinum is guaranteed to be the material described. Gemstones, including diamonds, are guaranteed to be authentic. Branded merchandise is guaranteed to be authentic. When any item is graded, every attempt is made to grade conservatively. … We will do our best to address any question or concern that arises.

Leonard Auction

REFUND POLICY (Coin & Currency Lots): Leonard Auction, Inc. guarantees all items to be genuine (authentic) as to date and mintmark. If a successful bidder has questions as to the authenticity of a lot, the bidder must contact Leonard Auction, Inc. within three (3) calendar days of receipt of the lot. Items removed from their original, heat-sealed Leonard Auction, Inc. holder, MAY NOT BE RETURNED for any reason. No lot may be returned because of a variance in opinion with regards to Items encapsulated and authenticated by a third-party grading service MAY NOT BE RETURNED for any reason.

SilverTowne Auction

Internet buyers are entitled to a return within 3 days of receipt of items. In order to return an item, we must be notified of your intent to return within that 3-day period. We can be reached at 419-943-2612. Items returned will be shipped at buyer’s expense. All returns are subject to a restocking fee of 15% of the purchase price with a minimum charge of $10.

Star Coin and Currency

Our auction house has chosen not to view or have access to bidder maximum pre-bids. We also do not allow or bid on lots to increase amounts. All our auctions are $1 start, absolute, no reserve auctions. All items sell to the highest bidder. Return policy: If an item is not materially the same as pictured and/or described in the auction contact us. We are here to make your auction experience a positive one. Privacy: Any personal data we collect is used solely for processing an invoice.

Weaver Coin and Currency Auction

Tiered Buyer Premium: 5% Gold $20 or other 1 oz Gold 12% Total Hammer Price $2500.00 or higher 13% Total Hammer Price $1500.00-2499.00 14% Total Hammer Price $500.00-1499.00 15% Total Hammer Price Under $500.00. … Items are sold “AS IS”, “WHERE IS” with no guarantees of any kind except for the authenticity of US coins. We will accept returns on counterfeit coins (which we never intend to sell without identifying as a copy) or if we made an error in denomination description. Return requests must be made within 5 days of receipt of the coins. Any coin removed from the original packaging or holder is considered sold & may not be returned.

We congratulate Capitol Coin Auction and our Honorable Mention houses for their emphasis on customer service as expressly noted in their service terms.

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.

Boos & Booyahs: Best & Bad Auctioneer Lot Descriptions

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It’s more important now than ever to be in sync with the Proxibid technology to showcase your photos, hone your lot descriptions, and highlight your consignments for top bids on the leading portal! In the latest installment, Proxiblog laments and compliments best and bad auctioneer lot descriptions during the past week. We will name the best, but you will have to search Proxibid for the bad. (Click pictures to expand and view lot descriptions below.)

Booyah Silvertowne Auction! for noting rim dings and the advisory to bid accordingly. We appreciate your numismatic skill and integrity.

Boo! to this unnamed auction house for mistaking a brass souvenir token for California fractional gold. Beware of bears. Some are gold (about $10-15 dollars worth) but most often are plated. If you see a bear and not a denomination, you can bet your token is a trinket.

Boo! to this unnamed auction house that doesn’t note scratches on the coin but that are plainly visible when the photo is expanded.

Boo! to this unnamed but knowledgeable auctioneer who only shows the box of a GSA 1880-CC dollar, which has multiple varieties. This house has great consignments but continues to take occasional shortcuts on photos. Nothing is more important than good photos of obverse and reverse if you hope to get ever higher bids on Internet.

Booyah Kaufman Auctioneering! for noting cleaning, one of those flaws that often digital photography cannot capture. By noting cleaning, you ensure proper bids and avoid hassles of complaint afterward.

Boo! to this unnamed auction house that hypes a consignor’s MS64 as gem-plus (MS66). We see too much of this. Check out this article to learn what is and what is not a “gem” coin.

Booyah Jewelry Exchange! for noting several flaws in this coin that are not readily apparent in the photograph, once again establishing trust that brings return coin buyers to a particular house’s auctions on Proxibid.

Booyah Midwest Coins! for lowering the buyer’s fee on gold, the best way to stimulate competition and make a strong sale.

Booyah Shamrock Auction Service! for noting damage to a coin, the kind again that might be overlooked in the typical digital photograph, establishing standards for this house and ensuring return customers.

A very small Boo! to this unnamed auction house that makes a typo in the description of a gold coin. Typos can cost, especially when you mistake a gold coin for a copper cent!

Booyah Weaver Coin Auction! not only for noting the cleaning of coins but also their VAM designations. (VAMs are varieties that bring premiums. For more information, see the Vam World’s site

Viewers can point us to other candidates for our “Boos & Booyahs!” series. Just leave a comment but follow our rules–all in good fun as a way to inspire accurate lot descriptions on Proxibid.

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.