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.)


bidalot_box

Booyah BidAlot Auction! for noting that this U.S. Mint product box is damaged, lacking a cover. Depending on the product, such as a GSA Dollar Box, these items also have value.


cleaningnotnoted

Boo! to this auction house for neglecting to note the harsh cleaning on a purported deep mirror prooflike Morgan dollar. The photo is subpar and does not show luster. No coin is as beautiful as a DMPL Morgan and none has ugly when cleaned, as scratches mar the mirror surface, as probably the case here–assuming, of course, that this is a DMPL coin.


fake_gold

Boo! to this auction company for insisting on selling counterfeit and replica California fractional gold. Beware of these fake California gold products that have plagued the hobby since the 19th century. If you see a bear on the reverse without a dollar or fraction of a dollar designation, it is a fake.


goldflake_boo

Boo! to this unnamed auction house that sells vials of gold flake. The gold, if it is gold, is atomic level thin (one of the properties of gold is its malleability). If you run an acid test on the flake, it will dissolve. You are buying a vial of glitter not hardly worth anything except as decoration.


hyped

Boo! to this auction house for hyping bottom-tier and self-slabbed coins as worth gazillions of dollars, or $28,000 in this case, for an 1882-O that is not MS67 but most probably MS62-63, with bag marks readily visible even on the thumbnail photo. This auction house continually hypes these lots using PCGS values, another gross infraction.


northernillinois_wheelmarks

Booyah Northern Illinois Coin! for noting damage, in this case, a wheelmark. This type of damage is often overlooked in the description. That’s not the case here.


PVC Damage

Boo! to this auction house for not noting PVC Damage. That’s the green slime that happens with a coin reacts with an old plastic flip.


rims_silvertown

Booyah SilverTowne Auction! for noting rim damage on its coins. Would that more houses did the same!


RJ_books

Booyah RJ’s Auction! for a detailed list of coins in the descriptions, documented by visual evidence in clear, expandable photographs. A detailed description is always necessary when selling a set of coins, including any missing key dates. All of that is done here.


starcoins_cleaning

Booyah Star Coin and Currency! noting cleaning, so difficult to tell on a gold coin and almost always omitted from the description by a vast number of houses. Cleaning greatly devalues gold, by the way, and is especially important to note and also to depict in a sharp photo, as Star Coin does here.


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.

Rankings stabilize; some houses dropped; views keep rising!

For the first time in our four-year history, no new auction house has been added to our rankings. But there has been movement. We have seen continual improvement in the past year in four houses in particular–Back to the Past Collectibles, Star Coin and Currency, A New Day Auctions, and Auctions by Wallace–breaking into the top 10. Other houses, not named here, have been dropped. We’ll share the reasons. Finally, our audience now exceeds 55,000 views worldwide!


We’ll begin with our consistent leaders–Weaver Signature Coin and Currency Auction and Capitol Coin Auction–which hold the top spots because of quality control across the spectrum, including photos, shipping, buyer’s premium, quality consignments and numismatic accuracy. In other words, when Dave Weaver or Brad Lisembee say a coin is gem, you can be relatively sure it is or is close to being so by PCGS standards, the toughest grading company in the business.

You may not know it, but Dave and Cheryl Weaver and Brad Lisembee worked with us early in Proxiblog’s existence to follow best practices. And then both not only adopted them but added to them and came up with innovations of their own.

Star Coin and Currency did the same thing about 1 1/2 years ago and now is an exceptional house. C. Scott Lovejoy of Back to the Past Collectibles not only embraced our best practices but worked with us on photography and now is a hair behind our top houses. With a few more choice consignments, this may be a front-runner soon. And Kendra Stevens and Sheena Wallace are following our best practices now, and you can clearly see it in photos, lot descriptions and much more.

You can find those best practices in our Amazon Kindle book, Online Coin Auctioneering for dealer, estate and eBay sellers.

Our other trusty stand-bys in the top tiers of our rankings continue to excite us every time they schedule an auction. A few still can improve, however. Jewelry Exchange, SilverTowne Auction (which has the best consignments on the portal), Rolling M. Auctions (the best marketing), and Kaufman Auction need to sharpen their photography one more notch to capture luster and clarity (so varieties can be discerned).

Charles Commander, owner of Midwest Coins, did something very praiseworthy during the summer in his auctions: He asked bidders how he could improve. As we’re also an occasional bidder in his auctions, and consider Charles a friend and fellow Iowan numismatist, we strongly encourage him to work a little more on photography.

We’ll give one example that can serve for our entire critique.

Deep mirror proof-like raw coins used to be difficult to photograph. Not really any more. Here’s an example from Rolling M.:

RollingM_Dmpl

Here’s a photo we took without a tripod or light box with our Samsung Galazy 4 smartphone:

dmpl_samsung

Which photo do you think would start a bidding war? Rolling M. in our view probably can claim the best realized prices on the portal. Mark Murphy is that good. But even in the best there is room for improvement.

Also, we are having a problem with some of our favorite houses. You know who you are. Here’s the issue at hand: We know coin dealers–not ones scheduling events on Proxibid–but ones sending consignments to houses on the portal. A few of our favorite houses are in danger of being dropped because they receive dipped, doctored and otherwise dealer rejects hyped in lot descriptions.

We encourage ANY Proxibid house to take care when accepting consignments from coin dealers. Why would they look to you to sell their coins when they own coin shops? Answer: They don’t want these damaged, cleaned, scratched, carbon-spotted coins in their display windows.

We dropped one house because of that this month.

We are also dropping houses that insist on calling counterfeit California plated brass replicas “gold,” “fractional gold,” “tokens,” etc. By the way, there are collectible gold tokens but ones with bears on the reverse are fake and genuine tokens difficult to identify without numismatic knowledge.

If you want to bone up on those small coins, read our most popular post tallying 100 views per week: California Gold: Real, Replica and Fake.

Standards during the summer on Proxibid fell rather than rose in our opinion. We’ll share the evidence in the next month or two. We are holding the portal responsible for not requiring auctioneers to change lots that are clearly misidentified. Here’s an example:

1889-S

This auction had at least three misidentified lots. The one above is not an 1889-S but an 1889, less rare. We used the “Report the Item” multiple times, and nothing was changed. We know mistakes happen. But Proxibid has an obligation to bidders to ensure that misidentified lots are corrected–not for the onsite crowd–but for the Internet ones.

We also saw counterfeits being sold. In one lot in particular a house warned bidders that a purported rare coin might be counterfeit. It was clearly a fake. We provided proof. We used the report the item button. The lot remained online and sold.

Don’t get us wrong: We promote Proxibid whenever we can. And the company has taken out full-page ads, very slick, in Coin World and other venues. But we also need to point out where the company can do better, and this is one area. When someone uses the “Report the Item,” it is your obligation not only to inform the auctioneer but to consider what is being said and to correct obvious errors or misrepresentations. By including the “Report the Item” as a Proxibid feature of trust, the company’s brand, you are now responsible to see these things through.

Finally, a few notes about rankings:

  • Consignments typically are key to our rankings. Any house scoring 24.5 points practices and/or exceeds our Honor Roll standards.
  • Regularly scheduled events on Proxibid play into rankings. Some of our best houses are dropping in the ratings because they have not scheduled a recent coin auction.
  • Our favorite houses are just that–ours. Your experience may differ from ours.

As for Proxiblog, we keep growing. We drew more than 13,500 viewers in the past year–with one strange demographic: Brazil has overtaken Britain as our third most popular country after the USA and Canada. Maybe it was the World Cup and all those fans gathering this summer in that country.

newviews

Our all-time views now total 55,177!

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.


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.)


bad

Boo! to this auctioneer who hides certification numbers with a sticker and describes the almost uncirculated coin as MS64.



cleaned kaufman

Booyah Kaufman Auction! for noting this silver three-cent coin is cleaned (they usually are) and in the process of cleaning, damaged because of the thin planchet.


dipped

Boo! to this auction house that insists on taking slanted photos of coins, which unnaturally highlights luster. But not in this case. The dipping is readily apparent.


gemblurry

Another Boo! to this unnamed auction house that calls a coin “gem” while providing a blurry photo so that condition cannot be discerned online.


peeved

Boo! to this auction house for hyping the value of a common coin. When is Proxibid going to crack down on exaggerated lot descriptions?


poorphoto_nophotoreverse

Boo again! to another auction house for only providing one blurry photo (no reverse) yet still calling the lot “gem.” Please master photography, folks, if you hope to sell coins online.


replica

Booyah Mike Peterson Auctioneers! for identifying a coin as a replica. Would more auctioneers do the same, especially on fake California gold.


stained

Booyah Weaver Auction! for noting the stain on this large-sized popular note. Often photos don’t capture flaws on notes, so this description is appreciated.


wrong photo

Boo! to this auction house for posting the wrong photo with the lot description. Double check before you post on Proxibid.


wronglist
Boo! to another house for describing the lot wrong. In this and the above case, use the “Report This Item” link to alert the auctioneer.


crease

Booyah! Star Coin and Currency for noting that the crease is in the holder and not the note. Way to go Auctioneer Jim Haver!


cleanedsilvertowne

Booyah SilverTowne Auction! for noting cleaning on a red Indian head cent. It’s difficult to detect when a coin has residual luster. Dave Nauert discloses the flaw.


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.

Approaching 50,000 Views, Two Houses Soar!

Proxiblog’s Coin and Currency category remains relatively stable with the top 15 or so houses featuring excellent consignments, quality photos and excellent customer service. Back to the Past Collectibles soared into the top 10 by upgrading its photography. We wish one or two other favorite houses at the bottom of our rankings also felt the same way.


Capitol Coin Auction remains in the top slot. If you bid in its March 1, 2014 auction, you know why. Top lots. Accurate numismatic descriptions. Sharp photography. Low buyers’ premium. Great customer service. It’s difficult to beat Brad Lisembee who has perfected the online coin trade.

SilverTowne Auction continues to amaze us with auction after auction with high standards across the board. Leonard Auction is known for top-quality consistency. Meares Auction consistently improves from consignments to photography.

Also holding steady or trading top places with the best coin auctions on the portal are Certified Rare Coin Auctions, Meares Auction, Star Coin and Currency, Southwest Bullion, Western Auction, Weaver Signature Coin and Currency Auction, Gary Ryther Auctioneers, Jewelry Exchange, Fox Valley Coins and Krueger and Krueger.

Two houses catapulted into our top 10. Spencer Auction holds infrequent sessions, but when it does, it features top coins, low buyer’s fee, excellent customer service and great consignments. Same can be said about Back to the Past Collectibles with a 10% buyer’s premium. It broke into the top 10 because C. Scott Lovejoy worked diligently, consulting with us, to perfect his photography. Below is an example (click to expand):

124

You can even see the metal flow on a 2000-year-old coin. Photography is essential in the online bidding world. Watch for a post about Lovejoy’s enhancements later this week!

We hate to call out houses for lack of improvement, even if they are among our favorites. One house in particular has attempted to improve photos but not enough to tell varieties and flaws. If it did, it would be in our top 10. The house does a great marketing job and scores exceptionally high sales because of it. So it may feel no need to improve. We find ourselves bidding on slabbed coins only because we cannot see which coins are dipped. Because we suspect many of the lots are from coin dealers, we are doubly cautious.

As for Proxiblog, we have exceeded 600 posts and are approaching 50,000 page views. We’re increasingly global with top views from the USA, Britain, Canada, India, Russia, Germany, Australia and the Philippines.

Top view again goes to our post popular post: California Gold, real, replica and fake, closing in on 100 views per week.

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. You can also buy our Basic Coin Design book on Kindle. We are extremely grateful. Won’t you consider making a tax-deductible donation 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.


Proxiblog is sponsored by

starcoin

Star Coin and Currency is always seeking choice coin consignments. The company has a large client base, respects sellers and showcases lots in regular weekly auctions. Those wishing to consign with Star Coin, should visit this page and provide contact information.

Star Coin and Currency, operated by Jim Haver, is one of our favorite houses. This year his company won “Best Timed Auction” in our annual awards. Star Coin also won honorable mentions in “Most Improved,” “Best Descriptions” and “Best Shipping.”

Star Coin and Currency, located in Union Lake, Michigan, has been selling coins and currency online for over 12 years. “Everyday we strive to provide trusted service that exceeds expectations,” Jim Haver says. His goal is to satisfy buyers so that every online auction is a pleasant, positive experience.

Star Coin and Currency offers full auction and consignment services. The company can place numismatic items in Proxibid auctions or make outright offers for purchase. “As collectors ourselves we understand the process of selling numismatic items. We have a very large client base of active buyers looking to acquire a wide variety of type coins and currency.”

Proxiblog has supported Star Coin because of its bidder friendly terms of service. His company does not view or have access to bidder maximum pre-bids. It also does not allow or bid on lots to increase amounts. “All our auctions are $1 start, absolute, no reserve auctions,” Jim Haver states. “All items sell to the highest bidder.”

Generous consignment terms, expandable online photography, numismatic lot descriptions, quick shipping and customer service combine to make Star Coin and Currency a premiere auction house on the Proxibid portal!

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

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.

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.