Message:

<p>[QUOTE=&quot;indycoinxchange, post: 1205278, member: 31607&quot;]Dcramer</p><p><br /></p><p>I just wanted to throw my two cents in on this issue. I own an auction company and I specialize in coin auctions, I have held auctions on Proxibid and I am not familiar with this auction company so I dont want to comment too much on their company and practices. I will say though that auction companies have a fine line to walk. The first obligation of the company lies with the seller. I am obligated to list their coin and describe it in the manner they choose, however, here lies that fine line, if the seller gives me the description of an 1889 CC graded at a 63 by SGS and its value is 50k, well I know that grade isnt accurate and therefore neither is that value and now in order to serve my potential buyers I will list the coin and its grade by SGS but I wont list the consignors described value. The line about dealers buying alot of their coins through his company gives me pause also. I am not a dealer so I dont know exactly how coin dealers go about replenishing their inventories, but he must not be realizing the prices he should be for his consignors if dealers are replenishing through his auctions. </p><p><br /></p><p>If I could give you any advice about having accurate values for your coins, go to greysheet.com and purchase on of their bundles, which I believe costs about $22 dollars or so, and that will give you the values you will need for just about any U.S. coin. A book that I would highly recommend to educate yourself about the grading process is called &quot;Making The Grade&quot;, its put out by Coin World, it costs about $40 but has incredible full color photos showing several different grades for the most popular coins. Just do me a favor and dont judge all auction companies based on this experience. Good luck.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in