[AUCTION] 2011 1oz Gold Proof Buffalo

[FFrankie]

Up for auction today is a 2011 west point mint, 1oz gold proof buffalo

You can see photos of it here

http://imgur.com/gallery/e2hsds4

More info about the coin can be found here


https://www.apmex.com/product/61602/2011-w-1-oz-proof-gold-buffalo-w-box-coa



Starting bid = Gold Spot - $10

Bid increments gold spot +$10

End time: https://www.timeanddate.com/countdown/to?iso=20200928T1930&p0=179&font=cursive

Snipping. If a bid is placed in the last 20 minutes of the auction it will extend the auction 20 minutes, and than for the auction to end there has to be no new bids during that overtime if there is another bid than another 20 minutes is added. The auction would end when there are no more new bids in 20 minutes.
Escrow sure, fee is on you, escrow released upon signature delivered confirmation.
Shipping: US shipping only, maybe some other users will reship out of country. You are responsible for the shipping costs

Payment: BTC or LTC. I will PM the winner an address. Please make sure you are getting a message from me


Opening bid would be: “Gold Spot -$10” the next bid would be “gold spot price” the next bid would be equal to or greater than gold spot +$10 with $10 increments

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[Lesbian Cow]

1. Why did you close the other auction with live bids?

2. Is there a hidden reserve/reserve?

[FFrankie]

1. Why did you close the other auction with live bids?

2. Is there a hidden reserve/reserve?

To prevent that idiot from bumping it to the top for the next 3 days without the bids being anywhere near the reserve

I dunno, the auction terms are the auction terms

[Lesbian Cow]

1. Why did you close the other auction with live bids?

2. Is there a hidden reserve/reserve?

To prevent that idiot from bumping it to the top for the next 3 days without the bids being anywhere near the reserve

I dunno, the auction terms are the auction terms

Nowhere in your prior auction were there terms saying "May cancel auction to prevent idiot from bumping" yet you did it anyway. So, I have to ask, will you add a reserve (hidden) later if you are unhappy with the price of bids?

[FFrankie]

1. Why did you close the other auction with live bids?

2. Is there a hidden reserve/reserve?

To prevent that idiot from bumping it to the top for the next 3 days without the bids being anywhere near the reserve

I dunno, the auction terms are the auction terms

Nowhere in your prior auction were there terms saying "May cancel auction to prevent idiot from bumping" yet you did it anyway. So, I have to ask, will you add a reserve (hidden) later if you are unhappy with the price of bids?

The price of opening bid is higher than what I offered it to you for sale via pm last week or so. So the answer would be no.

I didn't realize making a new thread to cut down on useless posts would make more.

[tweetious]

I have some questions about the OP auction rules

1) Since gold price constantly fluctuates, what exactly is being considered as "Gold Spot"? The current price of gold at the time of placing my offer for the coin (forum timestamp)? The current price of gold at the time of the auction ends? OR the current price of gold when I will send payment?

2) How will we end up to a mutual agreement of what the "Gold Spot" price is, at a given moment? Will we use the given price of an exchange (for example), and if yes which one?

3) To avoid 1 & 2 implications, will you consider, additionally to the BTC or LTC payments, to receive as payment a 1oz raw gold of same purity +/- the difference in $. For example: In case the winning bid is "Gold Spot - $10", the winner will send you a "1oz raw gold", and you will send back the coin +$10

4) We can place the +$10 bid increments in the $ currency of our preference (ie. Australian, New Zeland, US, Canadian, Zimbabwe, etc. etc.), and you will short out the winning bid at the end of the auction? (according to the PEG ratio of specific $ currency type, with BTC for example?) OR will you consider selecting (and explicitly mention in the OP) a certain $ currency that all bidders will use as the standard?

Thank you in advance, for the clarifications.

[FFrankie]

I have some questions about the OP auction rules

1) Since gold price constantly fluctuates, what exactly is being considered as "Gold Spot"? The current price of gold at the time of placing my offer for the coin (forum timestamp)? The current price of gold at the time of the auction ends? OR the current price of gold when I will send payment?

2) How will we end up to a mutual agreement of what the "Gold Spot" price is, at a given moment? Will we use the given price of an exchange (for example), and if yes which one?

3) To avoid 1 & 2 implications, will you consider, additionally to the BTC or LTC payments, to receive as payment a 1oz raw gold of same purity +/- the difference in $. For example: In case the winning bid is "Gold Spot - $10", the winner will send you a "1oz raw gold", and you will send back the coin +$10

4) We can place the +$10 bid increments in the $ currency of our preference (ie. Australian, New Zeland, US, Canadian, Zimbabwe, etc. etc.), and you will short out the winning bid at the end of the auction? (according to the PEG ratio of specific $ currency type, with BTC for example?) OR will you consider selecting (and explicitly mention in the OP) a certain $ currency that all bidders will use as the standard?

Thank you in advance, for the clarifications.

The current price when the auction ends

Kitco

Payment is btc or ltc. I thought that was clear


And you can use whatever method you want to calculate the winning amount. It will equal roughly the same across the board.

I thought that it was universal language that $10 was ten dollar. And that a dollar was a US dollar

[FFrankie]

Closed early due to no bids feel free to pm me if you were gonna bid