More Than 16,000 Views in 2013!

Competition among coin-selling houses on Proxibid continues to be intense with very little difference in services among our top dozen or so houses. All in our rankings offer quality coins, ship reasonably and post expandable photos of obverse and reverse. We welcome back K&K Auction Service, which is running coin auctions again. Krueger and Krueger Auction, one of our favorites, no longer sees maximum bids and so appears in our rankings. And Certified Rare Coin Auctions makes its first appearance with stunning coins. That said, Capitol Coin Auction still leads the pack with detailed lot descriptions, accurate grading, low buyer’s fee, quick shipping and fine numismatic photography and consignments–excellent on all levels.

SilverTowne Auctions, Leonard Auction, Weaver Auction, Gary Ryther Auctions, Meares Auction, Star Coin and Currency, and Fox Valley Coins rank among the top 10 in our assessment. But so many more listed on the right sidebar are offering fine consignments, good customer service and other features. Among the most difficult categories to master, however, are sharp numismatic photography that captures luster and color in addition to accurate lot descriptions about grade and condition.

As we always note in our rankings, these are based on our experience and should be considered Proxiblog’s favorite houses. Your experience may differ from ours.

As for Proxiblog, we are pleased that our viewership keeps improving, with more than 16,500 views worldwide in 2013. We provide this blog for free to raise scholarship money via our online account with the Iowa State Foundation and via our numismatic work, Basic Coin Design, on Amazon Kindle.

See the countries that visit our site in the screenshot below (click to expand):

16000views

As for individual posts, the most accessed article remains “California Gold: Real, Replica and Fake,” which enjoyed 2058 views in 2013.

See this screenshot for other top posts (click to expand):

topposts

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 Wins “Best Auction” a Second Time

7Best Coin Auction

Capitol Coin Auction has won our award for “Best Coin Auction” on the Proxibid portal, garnering “Best Shipping,” “Best Photography,” and “Value Added” honors with honorable mentions in “Best Descriptions” and “Best Consignments.” This is the second year in a row that Capitol Coin Auction has won the top honor.

A close second, once again, was Leonard Auction. It won “Best Consignments” with honorable mentions in “Value-Added,” “Best Photography” and “Best Descriptions.”

Star Coin and Currency made a great showing this year, winning “Best Timed Auction” with honorable mentions in “Most Improved,” “Best Descriptions” and “Best Shipping.”

Southwest Bullion and Coin also had a particularly successful year in our rankings, winning the competitive “Best Descriptions” category and honorable mentions in “Most Improved” and “Best Photography.”

SilverTowne Auctions won “Best Shipping” and had honorable mentions in “Best Descriptions,” “Value-Added” and “Best Consignments.”

Meares Auction won “Most Improved” and had honorable mentions in “Best Shipping” and “Best Consignments.”

Weaver Signature Coin and Currency Auction had honorable mentions in the important categories of “Best Photography,” “Best Descriptions,” “Best Consignments” and “Value-Added.”

The houses above are runners-up in our “Best Coin Auction” category.

We also praise and recommend our other houses that placed in our various competitions, including:

  • Back to the Past Collectibles
  • Black and Gold Auctions
  • Braden Auction Services
  • Decatur Coin and Jewelry
  • Engstrom Auctions
  • Five Star Auction
  • Fox Valley Coins
  • Gary Ryther Auctioneers
  • Heuckman Auction
  • Jewelry Exchange
  • Kaufman Realty and Auction
  • McKee Coins
  • Midwest Coins
  • Rolling M Auction
  • Schultz Auctioneers
  • Western Auction

We encourage all of the houses named above to continue improving in the spirit of service, competition and community that all auctioneers and numismatists share, serving our clients and memberships. Continue to embrace the ethics of both the National Auctioneers Association and the American Numismatic Association.

We also thank Proxibid for its Internet options, quality control and customer service and all houses specializing in coins. We encourage them to visit these award-winning houses above. We know there are some houses that we missed in our rankings; as always, our experience may differ from yours and you should consider these award-winners our favorites. In sum, we did the best job we could with the available data and hope that you will continue visiting our site and interacting with our clientele, now exceeding 26000 views since inception.

Finally, consider making a donation to our Scholarship Account. (See details on top of the “Rankings” sidebar to the right.) We will continue publishing Proxiblog free of charge and covering Proxibid and the online coin auction industry. Won’t you consider making a voluntary donation to offset tuition expenses for our college students?

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.

Southwest Bullion and Coin Wins … “Best Descriptions”

1Best Descriptions

Southwest Bullion and Coin, operated by Justin Quinn–a top-ranked house through much of 2013 on Proxiblog–has won the category of “Best Descriptions,” based on numismatic knowledge–especially the ability to identify flaws and rarities in consignments and to honor basic ethical tenets with regard to value.

As was the case last year, this was a hotly contested competition, as you will see in the Honorable Mentions category, with seven houses also cited for best practices in descriptions. Capitol Coin Auction won this category last year and was a very close contender again this year mainly because of the grading prowess of Auctioneer Brian Lisembee. SilverTowne Auction, a previous winner, also was a strong contender.

Other Honorable Mentions are Jewelry Exchange, Decatur Coin and Jewelry, Leonard Auction, Star Coin and Currency, and Weaver Auction.

Click and expand the picture below to see how Justin Quinn describes value in this ANACS-graded coin.

southwest

Southwest’s accuracy in descriptions led to three separate posts last year:

As noted previously, several Honorable Mention houses came close to winning this year. SilverTowne’s Dave Nauert and Rick Howard continue with succinct and accurate descriptions of flaws as well as highlights for each coin. John Leonard of Leonard Auction is a conservative and respected numismatist; Dave Weaver of Weaver Auction is combining better photos with accurate descriptions; and Jim Haver of Star Coin and Currency does similarly with weekly auctions.

Finally, Dave Bluestein is so skilled in descriptions that he co-hosts a radio show “In the Money” in San Antonio.

Accurate numismatic descriptions are mandatory in Proxibid auctions because online viewers cannot always discern flaws in coins. These houses are aware of that and go the extra mile because the pay-off is 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.

How and How Not to Describe Bottom-Tier Slabs

Our top houses are almost always the most forthcoming about the quality of coins in bottom-tier holders. Some houses, however, continue to violate numismatic rules.

The example below cites PCGS retail prices for a 1903 Morgan dollar worth about $130 … and only if not cleaned, which this example just might be. The auctioneer cites a ridiculous $3,600 price.

slabtruth1

Here is how top-house Jewelry Exchange handles the same situation, noting it cannot guarantee the grade because of the holdering company’s grades may not meet industry standards.

slabtruth

Several of our top-ranked houses treat bottom-tier and self-slabbed coins in the same manner, earning our trust.

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

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. (Click pictures to expand and view lot descriptions below.)


greatdescription_completeset

Booyah Capitol Auction! for great descriptions, as in this State Quarter collection. Note that Auctioneer Brad Lisembee adds mint sets so that buyers complete the missing quarters. That adds extra $$$ to the sale. This is an example of why Capitol is a top house on Proxiblog!


cleaned

Booyah Weaver Auction! for consistently identifying cleaned coins, which are upgradeable by major holding companies and which are difficult for buyers to detect online. It’s a small courtesy that brings return customers to this top house!


damage

Another Booyah to top-house SIlverTowne Auction for noting damage on coins. Would that more houses did this!


McKee

Booyah McKee Auction! for precise, concise descriptions with good photography.


not66

Boo! to this house for consistently calling lots key dates and overgrading the coins. Photos aren’t great; but we tested by buying once or twice, and what we suspected was what we got.


notgold

Boo! to this house for calling a plated replica California gold. This is the biggest coin problem on the portal, and one of the biggest problems in numismatics. To tell the difference between replica and real, see our post “California Gold: real replica and fake,” which averages hundreds of views per month.


notegoldreplica

Booyah Mascari Auction! for showing how to list replica plated bear-on-reverse lots!


silverweight

Booyah BidALot Auction! for providing silver weight on foreign coins, a small but helpful descriptor.


slabtruth1

Boo! to this house for hyping value of lower-tier slabs, using PCGS values–something PCGS does not appreciate, as their slabbed coins are among the most accurate on the market. This coin would probably not even grade at PCGS, as it looks cleaned to us.


slabtruth

Booyah Jewelry Exchange! for showing how to list coins in bottom-tier slabs.


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.

Capitol Auction heads list of top-ranked houses

Capitol Coin Auction doesn’t hold monthly auctions, but when it does–about 4-6 per year–wow, Auctioneer Brad Lisembee creates an event. His Nov. 9 Proxibid auction is one of them, replete with top holdered and raw coins in nearly all series and denominations. Brad also charges a low buyer’s fee and provides quick, inexpensive shipping, with lots showcased by excellent numismatic photography and grading. No new houses were added to our rankings this month, as so many of our favorites are improving regularly, topping newcomers to the portal. As we always state, however, our top houses are just a matter of choice. (Your experience may differ from ours.)

Leonard Auction, SilverTowne Auction, Western and Southwest Bullion continue to set the pace with excellent consignments and concise, numismatic grading. Other fine houses–Decatur, Weaver, Meares, Gary Ryther, et. al., continue to appeal with good photography, neat consignments, accurate descriptions and fine customer service. Back to the Past Collectibles is in our top 10 because of continuing improvement. RitMar Exchange is moving up, too, focusing on improved photography and mastering the basics with low buyer’s fee and great customer service.

This is the first time we have scored 24.5 points to the top 15 houses. Essentially, there is little difference between them except for the particular consignment on a given week.

This is a good sign because Proxibid has inaugurated a seller feedback feature. Watch for a post on that latter in the week.

As for Proxiblog, we continue to grow with more than 42,500 viewers since our inception in May 2011. In the past 10 months we have logged more than 17,000 views with most coming from the United States, Canada, Britain, Russia and India.

10monthviews

The most popular post continues to be “California Gold: Real, Replica and Fake.” Typically we identify a handful of replica and counterfeit lots, claiming to the real fractional gold; we report them via Proxibid’s “Report this Item” link. Sadly, we report, we see little action typically by seller or Proxibid.

Hats off to Meares Auction, which had two such replicas on consignment, asked us to evaluate them, and then changed the lot description. That’s why Darron Meares is a leader in this business.

We continue to provide best practices and numismatic knowledge to our viewers for free. Fortunately, we have several of our top houses donating funds to our scholarship account. GreatCollections, operated by numismatist Ian Russell, sponsored an entire month. We are extremely grateful.

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.

Our top post, accessed more than 50 times per week

Boos & Booyahs: Best & Bad Auctioneer Lot Descriptions

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 compliments auctioneer lot descriptions. Yesterday we named the worst in recent auctions. (Click pictures to expand and view lot descriptions below.)

cleaned

One Big Booyah to Jewelry Exchange for consistently noting cleaning on coins, difficult to detect with online photos.


dings

Another Booyah to Rolling M Auction! for noting rim dings on a coin. See this post for more information on identifying dings and bumps.


nobox

Booyah Munda Auctions! for noting on this and several other lots of proof and mint sets that the item did not contain a box. Sets without boxes sell a tad lower than with boxes. That’s why it was important to note.


excel_decatur

Booyah Decatur Coin and Jewelry! for some of the best lot descriptions on the portal. These numismatists know what they are selling and share that information with bidders.


problemcoins

Booyah Capitol Coin Auction! for consistently noting problems on coins, including multiple-item lots like this.


rimbump

Booyah SilverTowne Auctions! for consistently identifying damage, rim dings and bumps, and other issues with lots. Doing so earns repeat business from buyers who come to trust your descriptions.


rimproblems

Booyah Western Auction! for also noting rim dings, bumps and other flaws on coins.


rough edge

Booyah Gary Ryther Auctioneering! for noting issues on currency. Even if the damage is obvious, as on this coin, note it in your lot descriptions for value-added considerations!


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.