"All Gold" Auction #3: Reverse Auction of Australian Gold Coins and Bars

Hi again Stackers

The third and final auction of "All Gold" items.

These shiny pieces have been good to me over the past ten years, and I hope they will be good to you too in the coming years.

This time it's a reverse auction and, because of the fast-changing gold price, prices are referenced to their value at spot price.
I'll quote my starting ask prices, and drop those prices at around 8pm AEDT* every evening until all lots are sold, reach my reserve price or are withdrawn.

If you think the price is fair, don't hesitate. Buzz it before someone else does. The price is based on spot at the time that you buzz, as shown in AUD on https://www.silverstackers.com/forums/index.php?pages/charts. Please quote the price in your reply.

Example of pricing: If you buzz a 1/2 ounce coin that has an asking price of "Spot + $20" and the spot price is $3200 at the time you buzz, you are agreeing to a sale price of $1620 (0.5 * 3200 + 20) plus postage.

Lot 1: Perth Mint 2009 1 oz Australian Kangaroo
Starting price: Spot + $70 ($3,368 at the time of this post).
Excellent condition, as per photos. Supplied in a clear plastic coin holder.
Reference: https://en.numista.com/catalogue/pieces271376.html


Lot 2: Perth Mint 2011 1/4 oz Australian Kangaroo
Starting price: Spot + $50 ($875 at the time of this post).
Excellent condition, as per photos. Supplied in a clear plastic coin holder.
Reference: https://en.numista.com/catalogue/pieces367992.html


Lot 3: ABC Bullion 1oz Cast Gold Bar
Starting price: Spot + $10 ($3,308 at the time of this post).
1 troy ounce poured bar of 9999 gold, 15.50mm x 15.50mm x 5.00mm.
Reference: https://abcbullion.com.au/store/gabg011oz-abc-bullion-cast-bar


Lot 4: Perth Mint 10g Minted Gold Bar
Starting price: Spot + $10 ($1,065 at the time of this post).
10g (0.320 troy oz) minted bar of 9999 gold in a CertiCard Security Case.
Reference (a newer release that looks different): https://www.goldbullionaustralia.com.au/product/perth-mint-10g-minted-gold-bar
Note that the bar on sale is one of the first sets produced, in a light green card and without the kangaroos embossed on the back. See this: https://www.silverstackers.com/foru...gold-is-real-or-fake.78271/page-2#post-958636



Sale Conditions

• Lots may be withdrawn at any time.
  
• Payment required within two business days by PayID or bank transfer, or optionally cash for face-to-face transactions.
• Postage at choice and risk of buyer, or F2F in a library or shopping centre in any of the central Brisbane suburbs.
• If postage is required I will post items promptly once payment is received in my bank account, within one or two business days.

* 5pm in WA; 6:30pm in NT; 7pm in QLD; 7:30pm in SA

 

Auction price update

Lot 1: Perth Mint 2009 1 oz Australian Kangaroo
Reduced to spot plus $50 ($3,342 at the time of this post*).

Lot 2: Perth Mint 2011 1/4 oz Australian Kangaroo
Reduced to spot plus $40 ($863 at the time of this post*).

Lot 3: ABC Bullion 1oz Cast Gold Bar
Reduced to spot plus $0 ($3,292 at the time of this post*).

Lot 4: Perth Mint 10g Minted Gold Bar
Reduced to spot plus $5 ($1,058 at the time of this post*).


* Based on spot price of Au$3,292 per oz

 

Auction price update

Lot 1: Perth Mint 2009 1 oz Australian Kangaroo
Reduced to spot plus $30 ($3,295 at the time of this post*).

Lot 2: Perth Mint 2011 1/4 oz Australian Kangaroo
Reduced to spot plus $25 ($841 at the time of this post*).

Lot 3: ABC Bullion 1oz Cast Gold Bar
Reduced to spot minus $10 ($3,255 at the time of this post*).

Lot 4: Perth Mint 10g Minted Gold Bar
Reduced to spot plus $0 ($1,045 at the time of this post*).


* Based on spot price of Au$3,265 per oz

 

Buzz 10g lot 3

 

Lot 3 (ABC Bullion 1oz Cast Gold Bar)?
or Lot 4 (Perth Mint 10g Minted Gold Bar)?

 

Lot 4 sold pending payment
Lot 3 still available.

 

Auction price update

Lot 1: Perth Mint 2009 1 oz Australian Kangaroo
Reduced to spot plus $20 ($3,298 at the time of this post*).

Lot 2: Perth Mint 2011 1/4 oz Australian Kangaroo
Reduced to spot plus $15 ($834 at the time of this post*).

Lot 3: ABC Bullion 1oz Cast Gold Bar
Reduced to spot minus $15 ($3,263 at the time of this post*).

Lot 4: Perth Mint 10g Minted Gold Bar
Sold


* Based on spot price of Au$3,278 per oz

 

Auction Finished - All sold

Lot 1: Sold
Lot 2: Sold
Lot 3: Sold
Lot 4: Sold

 

I think you should be able to extend your auction mate as I have not been able to get on SS since Saturday and the site was down till this arvo or was it just me and a few I asked if they could get on SS.
Just saying as that would explain why few bids .
Just my 2 cents mate.

 

Thanks. I would have, but with Silverstackers being down since Friday I gave up waiting and sold all the items to a dealer this morning. SS came online again soon after .

 

Bummer mate.
Always more opportunities around the corner, so keep positive mate.