Tag Archives: online coin auctioneering

New Rankings; 18-Month Views Exceed 40,000 Worldwide!

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Proxiblog’s Coin and Currency category added one new auction in the past month, EBW Coins, which features good photography, numismatic lot descriptions and zero percent buyer’s premium (with Greysheet opening bids, however). The big news is that Proxiblog’s audience continues to grow with more than 40,000 views in the past 18 months, raising total views to 55,000 since its inception three years ago.


Weaver Signature Coin and Currency Auction continues to hold the top spot again this month. The duo of Dave and Cheryl Weaver are doing everything right. Lot descriptions are accurate. Photos expandable. Shipping and customer service just fine.

Our other trusty stand-bys continue to excite us every time they schedule an auction: Capitol Coin Auction, SilverTowne, Leonard Auction, Meares Auction, and Fox Valley Coins.

The big news in our ratings concerns Back to the Past Collectibles and Star Coin and Currency. C. Scott Lovejoy and Jim Haver, respectively, continue to improve consignments, elevating their rankings. Back to the Past, in particular, with its 10% buyer’s fee will challenge any top house in our rankings with more and rarer consignments.

Leonard, Capitol, Meares and Fox Valley all boast great photos, consignments, service and descriptions.

Other houses to watch are A New Day Auction and Auctions by Wallace. Like Lovejoy and Haver, Kendra Stevens of A New Day and Sheena Wallace are continuously improving their events. Now they need top consignments.

Our advice to them is to place a classified ad in local newspapers seeking consignments or offering to buy collections. You’ll be surprised at how far that last recommendation goes, especially when estates are transferred.

Consignments typically are key to our rankings. Any house scoring 24.5 points practices and/or exceeds our Honor Roll standards.

Also keep in mind that our favorite houses are just that–ours. Your experience may differ from ours.

As for Proxiblog, we keep growing. We are in the process of upgrading our site (we hope you like the cleaner look). As the map below shows, we are reaching more viewers in Canada, England and India. Once again, the most accessed post was California Gold, real, replica and fake. That post averages between 400+ views per month.

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We continue to provide best practices and numismatic knowledge to our viewers for free. Please consider making a donation. We are on hiatus at the moment but post every weekday during September-June. We do this for educational purposes, informing viewers about numismatics as well as funding scholarships for Iowa State University students.

Fortunately, we have several of our top houses donating funds to our scholarship account. You can also buy our new work, Online Coin Auctioneering or Basic Coin Design on Kindle. We are extremely grateful. Won’t you consider making a tax-deductible donation to the Iowa State Foundation so that we can continue publishing? Thank you for your consideration!

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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Proxiblog Publishes New Book on Coin Auctioneering

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Click book cover to place order

Online Coin Auctioneering:
for dealers, estate and eBay sellers

cover_coinauctioneering

This book is intended for estate auctioneers considering or already selling on a portal such as AuctionZip, iCollector or Proxibid. The advice in this new work also pertains to eBay and coin dealer auctions. No matter if you are a mega-seller or beginner, you’ll soon learn that the largest and littlest online coin auctions have these things in common:

    1. They secure top consignments of the most desirable coins.
    2. They secure those consignments with no or minimal seller fees.
    3. They feature sharp, expandable photos of all lots.
    4. They fill out lot descriptions completely and accurately.
    5. They understand numismatics and do not exaggerate condition or worth.
    6. They have safe venues for use of credit cards or PayPal to make online buying secure and convenient.
    7. They have low or NO opening bids or reserves.
    8. They ship cheaply, safely and quickly.
    9. They accept returns on counterfeit and doctored coins.
    10. They focus on customer satisfaction and resolve disputes amicably.

If you’re going to sell coins online, you have to understand Internet and other considerations that you must master to vend lots via a global platform. You also must become a numismatist rather than a hobbyist or estate auctioneer because you’re selling U.S. Mint and world mint products in raw condition or perhaps holdered by any number of companies. You must know how to grade, how to price, and how to describe lots. More important, you must master digital photography—the chief component of successful online sales. Finally, you have to know the business, from fake coins to dispute resolution.

This book covers it all. Written by nationally known numismatist Michael Bugeja, who writes for Coin World, reports for Coin Update News and is a member of the Citizen Coinage Advisory Committee of the US Mint, Online Coin Auctioneering is an indispensable guide. Download a copy from Amazon Kindle today!