These Houses Can Grade!

This is the second installment about the need for coin auctioneers to understand grading. The first listed the Do’s and Don’ts of grading. This cites houses that described raw coins so accurately that PCGS, the most rigorous holdering company in the business, agreed with their grades when Proxiblog sent the coins in for authentication.

Silvertowne: 1880-CC. Lot desccribed coin as MS62-63; coin returned by PCGS, MS62.


Matthew Bullock Auctioneers: 1883-O MS64DMPL; coin returned by PCGS, MS64DMPL.


Leonard Auction: 1903 PCGS Old Green Holder, MS64, possible upgrade; coin returned by PCGS, MS65.


Capitol Coin Auction: 1885-O, rainbow color, MS63; coin returned by PCGS MS63.


Fox Valley Coins: 1991-CC, MS64; coin returned by PCGS, MS64.


We have had similar luck with certain auctions sending to NGC, among them, Manor Auctions, Kreuger and Kreuger, Key Date Coins and Engstrom Auction. We have come close on occasion at NGC or PCGS (within a point) with Western, Weaver, Arneson, Meares, Scott and Kaufman auctions.


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.

New Rankings: Proxibid Attracts 5000th Viewer!

In the six months of our existence, Proxiblog has posted more than 85 articles and news items, attracted 5,000 viewers and increased our Honor Roll auctions from 11 to 60!

Auctioneers, bidders and coin collectors have been viewing Proxiblog for the latest news on the portal Proxibid whose redesign and emphasis on coins is leading the pack, even to the point of offering “Gold Bars” in random drawings–always a surefire way to spark numismatistic interest.

In our new rankings, Weaver Coin and Currency Auction retakes our top spot, sporting some of the best coin photography, email advertisements and buyer’s fees on the portal. Dave and Cheryl Weaver always strive for courteous, professional customer service, as their recent “On the Block” documents.

Krueger and Krueger’s fabulous showing in its auction earlier this month, in which more than a third of coins sold for retail–as well as its careful lot descriptions, keep the numismatic house in second, followed by Silvertowne featuring expert coin grading and Western featuring fine consignments and low buyer’s fees.

We see more competition, sharper photographs, more accurate lot descriptions and better consignments on most of our Honor Roll houses, indicating keener competition in the auctioneer tradition.

Thanks to all our auctioneers who communicate with us, to our subscribers and followers!

End note:Proxiblog tries to post at least three times a week. We have no official sponsor and do this in the name of auctioneering and numismatics. Please be patient if a new post doesn’t appear in 48 hours or so. We’re working on it!

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 more important now than ever with the new Proxibid redesign to showcase your photos, hone your lot descriptions, and showcase 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 Key Date Coins! for noting alteration on a Morgan dollar, evidence of doctoring disclosed to bidders before rather than after the sale.


Booyah! to Jewelry Exchange for noting a cleaned coin with lesser value than one in natural state. More auctioneers should do this!


Booyah! to Kaufman Auction also for noting cleaning. We’re seeing more of this on Proxibid, and we’re cheering you on!


Booyah! again to Scott Hall for yet another example. Cleaning is difficult to capture with a digital camera. That’s why these descriptions are so valuable to bidders.


Booyah! to Christy’s Auction for noting the reserve–helps bidding!


Boo! to this unnamed auction house that gets everything wrong, from imprecise lot description to only one side of a coin to a picture of, well, an orb rather than a coin!


Boo! to an unnamed auction house that provides only picture of an obverse, especially irksome with 1890-CC because bidders cannot see if it contains a pricey tailbar on the reverse. If you don’t know what that means, then provide the picture of the reverse so that those who know can bid accordingly.


Boo! to an auction house that calls a common and worn 1943 half “rare.” This one is not rare, worth about silver melt.


Booyah! to Jewelry Exchange for providing a neat numismatic note. It’s a joy to learn about coins when bidding, and this auctioneer knows his coins!


Booyah! to Tiffey’s Auction House for noting that this coin is a fake. It’s illegal to sell fake coins as authentic. Some coin clubs and organizations collect fake coins to help identify others.


Booyah! to Weaver Coin and Currency Auction for stimulating competition by lowering the buyer’s fee on gold. This house is not afraid to set trends on Proxibid! The more competition, the greater the profit in auctioneering, and the Weavers know that.


Booyah! to our top house Kreuger and Kreuger for taking time to create uniform lot descriptions that utilize Proxibid’s bidder window to the max. In its October auction, this house managed to secure higher than retail bids on more than a third of his coins. Good lot descriptions and photos spur competition.


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.

Proxiblog Continues to Grow

In the five months of our existence, Proxiblog has posted more than 70 articles and news items, attracted 4,500 viewers and increased our Honor Roll auctions from 11 to 60!

Increasingly bidders are logging on to Proxiblog to see which auctions offer the best service for the numismatic dollar.

In that regard, see our rankings to the right. Kreuger and Kreuger has moved into a first-place tie with Weaver Auction, offering the lowest online buyer’s fee on Proxibid, at 8%, for its Oct. 9 auction. Krueger & Krueger, a reputable coin seller, lives up to its motto: “Where the buying is great and the selling is straight.”

Weaver Auction continues to be among the most entreprenurial on Proxibid, always willing to provide an extra incentive to bid, buy and be happy with the purchase. We hope to have an “On the Block” from Cheryl and Dave Weaver soon.

Meanwhile, we thank all 60 of our Honor Roll houses for keeping buyer’s fees at 15% or lower, for posting clear and expandable photos of obverse and reverse, and for providing quick, reliable shipping.

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.

Best Coin Photos on Proxibid

These six auction houses provide needle-sharp straight-on coin photos on Proxibid, surpassing standards so that numismatists can check for varieties and condition.

Proxiblog spent part of this week analyzing photography on all coin-selling sites on Proxibid. The test was a comparison of breast feathers on an uncirculated Morgan dollar, which requires our Honor Roll standards of clear, expandable obverse and reverse photos. However, an added analysis to test the photography was the clarity and size of the expanded photograph and whether the viewer would be able to discern a variety such as an 1880-CC VAM-4 Reverse of 78 Overdate, required by some set registries.

These six were chosen because of the needle-sharp images and more than 200% expansion of those images allowing fine details to be seen, such as overdates, hairlines, rubs, cleanings, doctoring, artificial coloring and so much more:

    Matthew Bullock Auctioneers. (Click to expand the Bullock photography of the Morgan reverse to the left.)

    Capitol Auction. (Click to expand the Capitol Auction photography of the Morgan reverse to the right.)

  • Chaparral Coin Auction. (Click to expand the Chaparral photography of the Morgan reverse to the left.)
  • Dixon’s Auction. (Click to expand the Dixon photography of the Morgan reverse to the right.)
  • Leonard Auction. (Click to expand the Leonard photography of the Morgan reverse to the left.)
  • Western Auction. (Click to expand the Western Auction photography of the Morgan reverse to the right.)

CONGRATULATIONS to these six auction houses!

Postscript: Several auction houses came close to top photography standards. Others had acceptable photography. Honorable mentions go to Culpeper Auction, Engstrom Auctions, Furlo Auctions, Gold Crown Auction, Hall’s Auction, Jackson’s Auction, James Peterson, Key Date Coins, Linkous Auctioneers, Jewelry Exchange, Kreuger Auctions, Meares Auction, Midwest Coins, Scott Auctions, Silver Trades Auction, and Weaver Coin and Signature Auctions.

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’s Back With New Rankings

After a short break, we’re publishing again–showcasing a new Proxibid client. Our audience is growing–thanks to new subscribers and Honor Roll auctioneers meeting or exceeding our standards–15% or lower buyer’s fee with clear, expandable pictures of obverse and reverse, as well as inexpensive, quick shipping.

Shortly before we went on hiatus, Proxiblog registered with Krueger Auctions. Soon after, we received this email:

    Thanks for registering for the Krueger & Krueger Coin & Currency Auction at Madison, WI on July 17th. Here’s a bit of good news for all early registered Bidders: On-Line Buyers Fee is just 5% … Not 15%! We hope that is OK, with you!

Proxiblog’s excited about Krueger–not only because of the low buyer’s fee–but also for the knowledge of numismatics and a wide array of choice consignments. New to Proxibid, as there are no archived auctions for this house, Krueger is doing everything right, with clear pictures and accurate lot descriptions, such as this 1921 Peace Dollar accurately graded as extremely fine with a helpful notation about cleaning. (Click to expand.)

Reviewing the past week on Proxibid, we’ve noticed many enhancements on the portal, especially its new bidder application, which immerses Internet clientele in the auction experience while allowing multitasking during live sessions.

However, even in a few of our Honor Roll companies, as well as several other houses with lesser standards, we’ve also seen a disturbing trend to set opening bids way above retail, which typically results in “passed” lots and disappointed clients who may decide not to be returning ones.

Watch for a new post on that next week!

As more dealers and coin-consigning houses join Proxibid, rapidly becoming known for coin and currency auctions, competition will become more intense, requiring auctioneers to know more about numismatics while living up to high customer-service standards for which this particular portal has become known.

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.