New Rankings, 51,000 Views; Proxiblog Takes Hiatus

Top six houses profiled here all offer something special to the coin buyer on Proxibid. Proxiblog, which continues to gain viewers worldwide, will be on hiatus to return Sept. 1, 2014. If you believe we are offering a valuable free service, posting every weekday–more than 700 posts since our inception, with 10,000+ photos–then please consider making a donation to our scholarship fund.


Capitol Coin Auction and Weaver Signature Coin and Currency Auction tie for first place in our rankings. They do everything right, from accurate numismatic descriptions to vivid photography.

Look at the care that Capitol takes with each lot description, this one showcasing a collection in which every coin therein is graded by auctioneer Brad Lisembee (click to expand photo):

capitol_shoutout

Same holds for Dave Weaver who accurately describes condition of each lot in his auctions. Here’s an example:

weavershoutout

John Leonard of Leonard Auction upholds the same standards as Lisembee and Weaver, providing excellent photos and descriptions. In our view he ranks among the most knowledgeable auctioneers on the Proxibid portal. A screenshot from his most recent auction:

leonardshoutout

For sheer number of auctions on Proxibid and the vast array of consignments–you’re apt to find almost any type coin here–few rival SilverTowne Auctions. From rare gold to tokens to slabbed coins and rarities, SilverTowne has it covered:

silvertowne_selection

Best service terms on Proxibid, in addition to sharp photos and low low low buyer’s premium, goes to Meares Auction. Darron Meares is an experienced auctioneer who strives for superior customer service in all of his dealings. Take a look:

meares_terms

Most improved is Back to the Past auction. C. Scott Lovejoy worked with us for weeks to perfect photography. Take a look at this half dollar reverse in which full bell lines are easily seen. Can your auction provide the same detailed digital photography? Would that several on Proxibid could. See the evidence:

backtothepast

Our rankings this month featured most of our old standbys. Several of our favorite houses–Southwest Bullion, Western Auction, Krueger and Krueger–are low in our rankings only because they have not offered an online Proxibid session in the recent past. We value their operations so very much. Also this month one house was dropped because of sale of replica California gold. Two houses were added, A New Day Auction and Allen and Marshall Auctioneers. Concerning the latter, we were impressed with this lot description on bottom-tier holders:

allen and Marshall shoutout

As we always note, our rankings are just that–ours. These are favorite houses. Your experience may differ from ours.

As for Proxibid, we surpassed 50,000 views last month. We approached 15,000 views in the past year. The map below shows our global reach.

proxiblog_yearworld

We will be reconfiguring and updating our website during the summer. We also are in the process of kindling a new numismatic book, available soon on our site, for online coin auctions, featuring best practices for selling on Proxibid and eBay. We hope you will download a copy when it becomes available. We hope that you find our site helpful.

If so, please consider making a donation to our scholarship fund, which is why we share our numismatic knowledge with Proxibid auctioneers and buyers, helping defray student debt to ensure the next generation of auction bidders.

Thank you for visiting our site.

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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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. (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.

Counterfeit Gold Tokens on Proxibid

fake

We see them all the time on Proxibid. We report the items. Auctioneers insist on selling them. Don’t bid or offer these fakes.


If you want to bone up on California Gold Tokens, read this article, the most popular on Proxiblog, with more than 50 hits per week for more than a year–an indication of the scope of this problem.

Here are recent offerings on Proxibid (click pictures to expand):

anothercounterfeit

Beware the bear! This symbol has been associated with counterfeits ever since the 1880s. Most probably this coin was manufactured within the past five years, using plated base metal.


anothercounterfeit1

This is another counterfeit, and a poor one at that, with tell-tale plating appearing as small ripples on the metal.


anothercounterfeit2

Auctioneer makes an attempt at warning bidders about this brass replica, calling it a token.


anothercounterfeit3

This one is a blatant fake, and the description even worse. Every word of it is suspect. It’s not a coin. Not from California. Not a half dollar. And not from 1949. It’s a cheap souvenir from someone’s trip to Mount Rushmore.


anothercounterfeit4

SilverTowne Auctions shows how to describe a California Gold Coin. First, note any flaws. These are thin coins subject to easy damage. Second, locate “the BG number” from CoinFacts or from the original source: Walter Breen and Ronald J. Gillio’s California Pioneer Fractional Gold book. Third, report any item or return the lot to the consignor if you cannot locate the BG number. Otherwise, you’re buying or selling a counterfeit, which is a violation both of the Proxibid Unified User Agreement and the US Hobby Protection Act.

If you sell a fake, your sale is not final, no matter what your terms of service state. If you sell a fake, accept a return and bill the consignor for any losses. That’s what many of our top houses in the right sidebar do, because it’s ethical.

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.)


braden_ding

Booyah Braden Auction Service! for noting that this silver half dollar has obverse damage. Any detail that distracts from value should be noted, even if seemingly obvious in the photo.


sewn_repair

Booyah Weaver Auction! for noting that two halves of a torn currency were sewn together in a repair. Dave Weaver’s lot descriptions are among the best on Proxibid!


silvertowne_mark

Another Booyah to top-house SilverTowne Auction for noting damage on coins. This one is particularly helpful because it is difficult to see in the photo.


ryther_scratched

Booyah Gary Ryther Auctioneers! for noting another hard-to-see scratch on an Indian-head semi-key coin.


badphotos

Boo! to this house for awful photography. If you want to sell online, you had better master numismatic picture-taking, combining that with accurate descriptions.


not1882O

Boo! to this house for getting the description wrong. It’s not the scarce 1882-O Morgan but the common 1883-O one. When bidders see this common mistake, use the “report this item” Proxibid link so that the auctioneer can fix the mis-identification.


rim

Booyah Antiques and Estate Auctioneers! not only for acknowledging a rim problem but providing a good photo to document it.


detailed_inventory

Booyah Leonard Auction! for providing detailed description on an item that has various components, noting face value, various silver weights, denominations and more.


nokeydate

Boo! to this house for claiming the 1909 vdb is a “key date.” Key dates in the Lincoln Wheat Cent category are 1909-S vdb, 1909-S, 1914-D, 1922 plain, and 1931-S.


gold_not

Boo! to another auction house for calling the 1880-S, a very common Morgan dollar, a “key date.” Key dates for the Morgan series are 1881-CC, 1885-CC, 1889-CC, 1893-CC, 1893-S, 1895 Proof, and 1895-S.


polished
Booyah Munda Auction! for noting that this lot is polished. Often polished coins appear to be mint state when they are, in fact, rendered silver melt by polishing and alternation.


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 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.

Capitol Coin Auction Wins … “Best Value-Added”

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.

Star Coin and Currency Wins … “Best Timed Auction”

Best Timed

Star Coin and Currency, operated by Jim Haver, has improved in descriptions, consignments and photos and so has won our best pick for timed auctions.

SilverTowne Auctions, which won this category last year, set the standard for Proxibid timed auctions, and Star Coin has lived up to it: accurate numismatic descriptions, quality consignments, good photos and great customer service. That said, once again this was a competitive category with Black and Gold Auction a close second.

We are enormously impressed with Black and Gold’s Chuck Price, auctioneer, and his timed sales of coins. We just wish there were more of them.

Also included in our honorable mentions are Hueckman Auction and Schultz Auctioneers, which meet basic but rigorous criteria for timed sessions on the portal.

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.