FUN Stack's Bowers Bullion auction - NO BP
jmlanzaf
Posts: 36,825 ✭✭✭✭✭
There's no Buyer's Premium and you bid the % of gold value you want to pay. Very interesting idea. I wonder how it will go.
All comments reflect the opinion of the author, evn when irrefutably accurate.
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Let's see if I understand... for example, a one ounce bullion gold coin.... opening price at melt, and I would bid 110%? Cheers, RickO
Where?
We’re being hypothetical?
If you want to pay 110% of melt, sure!
All comments reflect the opinion of the author, evn when irrefutably accurate.
No, it's next week.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Interesting...
@jmlanzaf .... Thanks.... and no, I would not want to pay that... just a hypothetical to understand the situation. Cheers, RickO
I thought so.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Opening bids are around 98% of spot, and bidding increments are 0.1% of spot. I recall there are only around 34 or so lots, bidding is now open, and ends in about a week. Spot price is set around the time the first lot goes on the block.
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
This is an interesting and useful idea. It can be hard to quickly calculate actual gold value for coins of various weights.
This auction blows. Tried to place a bid you have to spend 25,000 to participate. It will take like 3 bidders to buy everything ( just guessing not that many lots)
Edit : took another look you have to have a default spending limit of at least $25,000. Not sure that makes much of a difference for most of us. I believe mine is $15,000 not going to beg for an increase.