Auction - 1 Oz Australian Kangaroo 2008 Gold Coin Low Mintage

Discussion in 'Australia & New Zealand (Public)' started by wissilver, Jan 13, 2020.

  1. wissilver

    wissilver Active Member

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    Greetings Friends,

    Up on Auction is a Stunning Mint Condition Low Mintage 1 Oz Perth Mint Australian Kangaroo 2008 Gold Coin 9999 Pictures Below. Coin comes in its Capsule. This Coin is currently for sale at KJC Bullion for $2480 (Check out the link below) so don't miss out on a great deal. This was the First Australian Kangaroo Coin Minted after the Perth Mint stopped making the Nugget Coins in 2007

    https://www.kjc-gold-silver-bullion...garoo-gold-bullion-coin--mint-condition-/1049

    IMG_8161.JPG

    IMG_8162.JPG

    Starting bid at spot price which is currently $2252

    Auction ends on Thursday 16th January 2020 at 9:00 PM AEST (Melbourne time)

    Anti snipe rule in place where any valid bid within the last 5 minutes of auction extends the finish time by 5 minutes. Auction will be officially over 5 minutes from last bid.

    Conditions:
    * No edited bids
    * All bids in whole $
    * Postage at winners cost/choice/risk
    * Any disputes to be settled via pm and at my discretion
    * Payment via bank transfer within 24hrs of Auction finish

    Good luck and happy bidding.
     
    Last edited: Jan 13, 2020
    66rounds likes this.
  2. wissilver

    wissilver Active Member

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    Also please note that as part of the condition of this Auction the item will NOT sell less than spot price at the time of auction finish. For example if the bid is at 2252 and the spot price at the time the auction is over the spot price (example $2260) the item will sell at spot at the time of auction finish which will be 2260 in the example above. To make it less complex/confusing it's best to start the bid with a bid stating "Spot" this way what ever spot is at the time of auction finish you can be able to get it. After the "Spot" bid you can put an actual AUD value if you want but it's best to use bid values in the format like so "Spot+2", "Spot+10" "Spot+20" etc. The highest AUD value bid will get the item at the end. Good luck.
     
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  3. Anniesilver

    Anniesilver Active Member Silver Stacker

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    Let’s start
    Spot
     
  4. wissilver

    wissilver Active Member

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    Bid started at Spot which is currently $2243 bidders can now start bidding in whole numbers. Good luck
     
  5. Boyscout

    Boyscout Well-Known Member Silver Stacker

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  6. wissilver

    wissilver Active Member

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  7. wissilver

    wissilver Active Member

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    Bump - Auction ending tonight. Spot is $2253 currently so to beat the spot bidder Anniesilver you will need to bid above spot
     
  8. GF

    GF Active Member Silver Stacker

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    Just to help me understand.... Spot was bid at 2243. Then a bid of 2244 which voided the spot bid. Then spot came up to 2253 which voided the 2244 bid. If spot goes down to say 2200 does that mean the 2244 bid is reinstated? Not trying to be a smart arse, just trying to work out what/if I'm going to bid tonight..
    GF
     
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  9. wissilver

    wissilver Active Member

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    the basic idea is the person offering the highest $ amount will win it but it will not sell less than spot. So for example if by auction end time spot is $2253 the person that bid "spot" will be compared to all other bidders and if their spot bid is the highest they will get it. If you want to ensure you beat the "spot" bid then bid "spot + $1" at a minimum. Spot will be Kitco Ask price as shown at https://www.kitco.com/charts/livegold.html at the time of auction end.
     
    GF likes this.
  10. Boyscout

    Boyscout Well-Known Member Silver Stacker

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    Does this coin have the original capsule that it came in? In the photo it appears to be out of capsule
     
  11. wissilver

    wissilver Active Member

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    Yes it's in its Original Perth mint Capsule, I take a picture without the capsule so you can see the coin itself to examine that it's in Mint condition.
     
    Last edited: Jan 16, 2020 at 1:51 AM
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  12. haggis_5

    haggis_5 New Member

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    Spot + $5

    hope that’s a valid bid
     
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  13. AgStalker

    AgStalker New Member

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    Spot + $10
     
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  14. wissilver

    wissilver Active Member

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    2 more hours to go, so far the winning bid is Spot + $10 from AgStalker. Good luck everyone :)
     
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  15. haggis_5

    haggis_5 New Member

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  16. Silverling

    Silverling Well-Known Member Silver Stacker

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  17. AgStalker

    AgStalker New Member

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  18. haggis_5

    haggis_5 New Member

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  19. wissilver

    wissilver Active Member

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    remember last bid adds another 5 mins to the bidding time so bid your best and hope for the best
     
  20. AgStalker

    AgStalker New Member

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