Consign to Proxiblog sponsor: Leonard Auction

leonardauction

In our recent award series, Leonard Auction and Appraisers won the “Best Consignment” category for a reason. Take a look at this page on John Leonard’s website to understand why this auction house won the category and, over the years, has earned our trust–both as buyer and consignor.

(Expand the photo above to read about consignment deadlines and payouts for Leonard Auction’s Feb. 16 auction on Proxibid.)


leonardauction1
Leonard Auction is always seeking choice coin consignments, especially holdered and raw gold and silver coins and rarities. Read about John Leonard’s evaluation and consignment policies–among the most professional in the business–by clicking here.

Leonard Auction, located in Addison, Ill., is a premiere Chicago auction house and estate liquidation firm that does just about everything right. You will be working with an auction house that puts customer service first, gets great consignments, describes lots numismatically and depicts them brilliantly for the Internet bidder.

Leonard Auction also has detailed consignment policies that secure some of the best coin lots on the Proxibid portal. The company not only knows numismatics but also protects buyers, as this post illustrates, noting the Leonard policy on coin authenticity and emphasizing why Leonard Auction ranks among the most trusted on Proxibid.

Leonard Auction has a reputation for experience, integrity, and superior technology–core values of founder and appraiser John Leonard–that propelled his house to the top echelon of auctioneering. As far as numismatics go, Leonard Auction is the only house we have reviewed to earn an A+ for conservatively grading raw coins. See this post for proof.

John Leonard conducts a series of auctions each month, generally on the third weekend. His Friday night Coin & Currency auction features 300-400 lots of high-end collectible coins, currency, gold, silver, platinum and stamps.

The company’s onsite house has more than 8000 square feet of showroom and office space. As the picture below shows, it is a first-class facility for appraisals and lot inspection.

leonardauction

You can download his consignment form here.

Proxiblog has consigned coins with Leonard Auction in the past and so knows from experience that the auction house relies on advertising, marketing and onsite and floor competition to reach wholesale and often retail levels for lots in addition to sell-throughs.

Leonard Auction uses full color catalogs, advertising and select mailing lists, Internet marketing and online/onsite auction previews.

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

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Proxiblog is Sponsored by

Leonard Auction

Leonard Auction

Be sure to check out the next Leonard Auction scheduled Saturday, June 22, on Proxibid and featuring a 1909-S VDB 1c, 1909-S Indian Head, 1889-CC $1 Morgan, Bulk Silver, US Gold, Stamps, 1937-D 5c 3 Legs, 1914-D 1c and much more! Click here for the catalog!

Leonard Auction, operated by John Leonard, is one of our favorite houses, winner of “Best Value-Added” category in our annual awards competition in addition to being first runner-up for best Proxiblog coin auction, with honorable mentions in “Best Descriptions,” “Best Photography,” and “Best Consignments.”

Leonard Auction, located in Addison, Ill., is a premiere Chicago auction house and estate liquidation firm that does just about everything right. Put the combination of 2012 awards together, and you get an auction house that puts customer service first, gets great consignments, describes lots numismatically and depicts them brilliantly for the Internet bidder.

Leonard Auction also has detailed consignment policies that secure some of the best coin lots on the Proxibid portal. The company not only knows numismatics but also protects buyers, as this post illustrates, noting the Leonard policy on coin authenticity and emphasizing why Leonard Auction ranks among the most trusted on Proxibid.

Leonard Auction has a reputation for experience, integrity, and superior technology–core values of founder and appraiser John Leonard–that propelled his house to the top echelon of auctioneering. As far as numismatics go, Leonard Auction is the only house we have reviewed to earn an A+ for conservatively grading raw coins. See this post for proof.

John Leonard conducts a series of auctions each month, generally on the third weekend. His Friday night Coin & Currency auction features 300-400 lots of high-end collectible coins, currency, gold, silver, platinum and stamps.

The company’s onsite house has more than 8000 square feet of showroom and office space. As the picture below shows, it is a first-class facility for appraisals and lot inspection.

leonardauction

Moreover, Leonard Auction secures some of the best consignments because of its fee policy of 0% seller fee for lots that sell at $250 or higher. Better still, John has strict guidelines on reserves and has to agree with the seller on any reserve before placing it on a lot.

You can download his consignment form here.

Proxiblog has consigned coins with Leonard Auction in the past and so knows from experience that the auction house relies on advertising, marketing and onsite and floor competition to reach wholesale and often retail levels for lots in addition to sell-throughs.

Leonard Auction uses full color catalogs, advertising and select mailing lists, Internet marketing and online/onsite auction previews.

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

Proxiblog is Sponsored by

Leonard Auction

Leonard Auction

Leonard Auction, operated by John Leonard, is one of our favorite houses, winner of “Best Value-Added” category in our annual awards competition in addition to being first runner-up for best Proxiblog coin auction, with honorable mentions in “Best Descriptions,” “Best Photography,” and “Best Consignments.”

Leonard Auction, located in Addison, Ill., is a premiere Chicago auction house and estate liquidation firm that does just about everything right. Put the combination of 2012 awards together, and you get an auction house that puts customer service first, gets great consignments, describes lots numismatically and depicts them brilliantly for the Internet bidder.

Leonard Auction also has detailed consignment policies that secure some of the best coin lots on the Proxibid portal. The company not only knows numismatics but also protects buyers, as this post illustrates, noting the Leonard policy on coin authenticity and emphasizing why Leonard Auction ranks among the most trusted on Proxibid.

Leonard Auction has a reputation for experience, integrity, and superior technology–core values of founder and appraiser John Leonard–that propelled his house to the top echelon of auctioneering. As far as numismatics go, Leonard Auction is the only house we have reviewed to earn an A+ for conservatively grading raw coins. See this post for proof.

John Leonard conducts a series of auctions each month, generally on the third weekend. His Friday night Coin & Currency auction features 300-400 lots of high-end collectible coins, currency, gold, silver, platinum and stamps.

The company’s onsite house has more than 8000 square feet of showroom and office space. As the picture below shows, it is a first-class facility for appraisals and lot inspection.

leonardauction

Moreover, Leonard Auction secures some of the best consignments because of its fee policy of 0% seller fee for lots that sell at $250 or higher. Better still, John has strict guidelines on reserves and has to agree with the seller on any reserve before placing it on a lot.

You can download his consignment form here.

Proxiblog has consigned coins with Leonard Auction in the past and so knows from experience that the auction house relies on advertising, marketing and onsite and floor competition to reach wholesale and often retail levels for lots in addition to sell-throughs.

Leonard Auction uses full color catalogs, advertising and select mailing lists, Internet marketing and online/onsite auction previews.

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

Leonard Auction Wins … “Best Value Added”

Value Added

Leonard Auction, operated by John Leonard of Addison, Ill–yet another top-ranked house through much of 2012 on Proxiblog–has won the category of “Value Added,” based on factors often overlooked by bidders, including superior grading, guarantees on authenticity, quality consignments and customer service.

To begin with, Leonard Auction “guarantees all items to be genuine (authentic) as to date and mint mark. 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.” This is from the company’s terms of service. We also have found John Leonard very responsive whenever we have made an email query. Typically he responds within one or two business days.

John Leonard is both numismatist and auctioneer. His onsite house has more than 8000 square feet of showroom and office space. As the picture below shows, it is a first-class facility for appraisals and lot inspection.

leonardauction

Moreover, Leonard Auction secures some of the best consignments because of its fee policy of 0% seller fee for lots that sell at $250 or higher. Better still, John has strict guidelines on reserves and has to agree with the seller on any reserve before placing it on a lot.

You can download his consignment form here.

Proxiblog has consigned coins with Leonard Auction in the past and so knows from experience that the auction house relies on advertising, marketing and onsite and floor competition to reach wholesale and often retail levels for lots in addition to sell-throughs.

Leonard uses full color catalogs, advertising and select mailing lists, Internet marketing and online/onsite auction previews.

A close second to Leonard Auction was Capitol Coin Auction and Weaver Signature Coin and Currency Auction, which utilize many of the above features and methods. John Leonard’s expertise as both numismatist (known to coin dealers across the nation) and auctioneer (member of the Illinois State Auctioneers Association and the Certified Appraisers Guild of America) gave the slightest edge to his house.

In our opinion, Brad Lisembee of Capitol and Dave Weaver of Signature Coin and Currency have similar reputations.

Other houses with superior customer service and other amenities include Honorable Mentions Fox Valley Auction, Engstrom Auctions, Jewelry Exchange, Rolling M Auction, Star Coin and Currency, SilverTowne and Western Auction.

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 …

Leonard Auction

Leonard Auction, located in Addison, Ill., is a premiere Chicago auction house and estate liquidation firm that has won multiple awards on Proxiblog in such categories as photography, lot descriptions, consignments and overall best house. Leonard Auction also has detailed consignment policies that secure some of the best coin lots on the Proxibid portal. The company not only knows numismatics but also ranks as one of the best coin-grading houses, too, as we reported in this 2012 post. The company also protects buyers; its policy on coin authenticity is among the most progressive on Internet, as we emphasized in this 2011 post.

Leonard Auction has a reputation for experience, integrity, and superior technology–core values of founder and appraiser John Leonard–that propelled his house to the top echelon of auctioneering. The company’s first auction house in Naperville, Ill., opened in 2006. Business boomed, prompting the company a year later to relocate to its current site in Addison, Ill., featuring more than 8,000 square feet for ample display.

Leonard Auction’s onsite prowess combines with digital savvy to bring the excitement of an auction to coin buyers on Proxibid. The company conducts a series of auctions each month. Its Coin & Currency auctions feature 300-400 lots of high-end collectible coins, currency, gold, silver, platinum and stamps.

We have marveled at how Leonard Auction continues to improve as the technology does, providing ever sharper photos and lot descriptions and attracting competitive bidding in the spirit of auctioneering.

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


Proxiblog’s next to last rankings of 2012 shows the level of competition by some of the best houses on the portal. Our rankings are based on our personal experience. Your experience may differ from our reviews. That said, let’s look at the innovations being made on Proxibid.



So very little separates our top 10 houses. Western claims the sole #1 spot because of superior consignments that grade well with the most rigorous holdering company in the business, PCGS. Speaking of PCGS, Weaver Signature Coin and Currency Auction sold a rare Regency holdered Morgan, which we won in a bidding war and which is being profiled in an upcoming edition of Coin World!

Whenever Leonard Auction and Capitol Coin Auction host a Proxibid session, you can be sure of some of the best consignments being offered with PCGS-accurate grading … and intense bidding. Auctioneers John Leonard and Brad Lisembee rank among the most knowledgeable and competitive coin sellers in the business. You can count on their photography, too. We’re never disappointed.

Sean Cook and Larry Fuller also are consummately professional graders. Cook manages Liberty Shops Auctions, a house that continues to rise in the rankings because of 0% buyers’ premium and fine photography with inexpensive, quick shipping. We’ve touted Larry Fuller of SilverTowne more than any other grader on the portal. Larry had to take a short break in the past few months. We didn’t realize that but saw a small decrease in grading. That’s how we found out about the hiatus of our friend, who is back and grading again, for which we are thankful.

SilverTowne also has scheduled regular timed auctions. Some real bargains can be had there.

We also appreciate Darron Meares of Meares Auction, one of the most knowledgeable and accomplished auctioneers in the country. He’s making innovations again in lower buyer’s premiums and catering to the seller in stiff competition. We bid often in his auctions, but we do so wholesale, as our intent is to slab and sell our coins and help our scholarship fund. But we have a hard time winning anything wholesale in Meares’ auctions because he’s an expert at drumming up competition. Our hat’s off to him!

Eddie Caven of Key Date Coins provides some of the best coin photography on the portal. He’s been specializing in MS63-65 Carson City dollars, which always brings a crowd, as well as an assortment of older mint sets and uncirculated Franklin halves, among other denominations.

Mark Murphy of Rolling M. Auctions draws competitive onsite and online crowds and offers a good selection of slabbed coins from top companies. We also like Kaufman Realty Auctions whose consignments are nifty. Shipping is a tad slow, though; but if you’re patient, this is a great place to acquire Morgans and uncirculated rare silver denominations.

Back in our top companies is Jackson Auction, which recently had a terrific session with Morgans and slabbed coins from superior grading companies. Auctions Unlimited has a low 10% BP and has offered of late a good selection of mint sets, including rarer prestige ones.

And then there is the slow riser, Back to the Past Collectibles, creeping up from the lower ranks to the top tier of our rankings. We’re seeing increasingly delectable consignments, acceptable photographs and low buyer’s premiums.

We’re also buying from Midwest Coins, which has relaunched with new emphasis on bidders. Owner Charles Commander is a numismatist who ships quickly and is always on the hunt for good consignments.

Consider these top companies Proxiblog favorite sellers, much like you might find on eBay. We’ll continue to bid with new houses and patronize ones in our rankings to cover as many old and new coin auctions on Proxibid. As we state regularly, you may have a different experience as auctioning coins is complex, requiring numismatic skills, labor-intensive photography, and target marketing.

We remain amazed at how our top houses continue to produce, month after month, and serve the hobby.

And as always, we thank sponsors of Proxiblog. You keep us posting, and your generosity is appreciated. Sponsors are invited to showcase their companies, and we only invite those houses whose practices we have known in the long term. We reserve that right. We don’t advertise. We don’t accept payments to us personally as all donations go through the Iowa State Foundation’s scholarship fund.

Finally, we thank Proxibid, especially Jason Nielsen for establishing ever stronger quality control measures. We are an independent site, dedicated to covering the company which, we believe, offers the best coin buys of any portal, including eBay.

Grading Leonard Auctions

We will run occasional grading checks on Proxibid auctions so you can see how we bid based on condition. These coins are from Leonard Auctions’ Oct. 19 session. We grade on PCGS standards as found on Photograde, admittedly more conservative than grading of most auctioneers but still the standard in numismatics. Click pictures below to expand.

We call a coin:

    “Uncirculated” if will grade at NGC or PCGS at the MS60-62 level. We see evidence of cleaning, tiny hairlines by the date and legend. John Leonard calls this “Uncirculated, Cleaned.” We agree.


    “Choice Uncirculated” if will grade at NGC or PCGS at the MS63-64 level. Leonard calls this “borderline 64, perhaps MS63.” We think that is conservative. We see this as a solid MS64.


    MINT STATE” if it would grade MS63. We agree with the grade here. On 3-cent nickel coins, the US Mint issue with the fewest devices (wreath and numeral), we inspect the fields for bag marks. We see some faint chatter and agree with Leonard’s grade.


    Choice Almost Uncirculated” if it would grade AU58 (essentially a slider–or one that could be mistaken for mint state). We agree with this grade, believe it is conservative, but also know that true AU58s sometimes have more eye appeal than low mint state. Again, Leonard comes through with a conservative but accurate grade.


    VERY FINE” if it would grade VF20-35. Leonard calls this VF20. We think it is VF25. Again, another conservative grade, which makes this auctioneer hyper-focused on bidder satisfaction, especially on this coveted 1909S VDB key date. We know auctioneers who would call this “extra fine 45” or higher.


    FINE” if it would grade F12-15. Leonard calls this F12. We say it is F15.


    Almost Uncirculated” if it would grade AU50-55. Leonard calls this AU53; we say it is AU55. Another conservative grade in the interest of the bidder.


    Prooflike” if we can detect reflective luster. We do on this coin, in addition to agreeing with the grade, MS63.


    Dipped” if we can detect tiny grains in the fields. Click here to read about detecting dipped coins. We see those grains in addition to damage on the cheek. Leonard doesn’t offer a grade, just states “dipped.” We know auction houses that would call this “Uncirculated.”


    Generally, in our subjective but nonetheless expert opinion, we feel Leonard Auction is conservative or accurate to PCGS standards in almost all of his lots. This stands in stark contrast to the vast majority of auction houses on Proxibid, including many of our top-ranked houses. John Leonard does charge a high buyer’s fee of 20% with a 2.5% cash discount, but we patronize his sessions because we have never been disappointed in the coins we receive and inspect up close without photography. We leave it up to you to agree or disagree with our designations.

    As noted, grading is in part subjective, and is difficult to do via online photographs. Our designations are based on how we bid and why. Thus, the overall grade on John Leonard’s grading based on our criteria: A+.

    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.