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Precious Metals Auction in February 2020

Stack's Bowers Galleries Precious Metals Auction - Did You Know?

By Stack's Bowers Galleries

Author: Stack's Bowers Galleries / Thursday, February 13, 2020 / Categories: Did You Know?

Did you know Stack's Bowers Galleries next Precious Metals Auction is closing on February 20, 2020? Our Precious Metals Auctions provide a new auction platform for buying bullion with no buyer's fees. Bullion is available in a wide range of formats across several precious metals, including gold, silver, platinum and palladium. Stack's Bowers Galleries is thrilled to present a valuable resource for today's bullion collector.

The bidding in the Stack's Bowers Precious Metal Auction will be represented by a percentage of the "spot" metal prices, which will be fixed immediately before the auction begins and remain unchanged through the course of the auction. Starting bids begin at as little as 90% of the metal "spot" price.  Once a lot is hammered, the sale price will be listed in U.S. Dollars on all invoices and prices realized, not percentages.  The price you pay will be exactly the percentage of the fixed "spot" price before the auction begins, multiplied by the number of precious metal ounces in a lot, plus shipping, handling and any applicable taxes.

The increments for the Precious Metals Auctions begin as low as .10%. If you enter an off increment bid, it will be rounded down to the nearest whole increment. Cut or Split bids are not accepted. See below for the complete set of increments.

 

BIDINCREMENT
0.00-102.00%0.10%
102.00-105.00%0.20%
105.00-110.00%0.50%
110-120%1%
120-150%2%
150-200%5%
200-300%10%
300-600%20%
600%+50%

 

The February Precious Metal Auction will cross the block on Thursday, February 20, 2020, beginning at 1pm PT at Stacksbowers.com and is reserved for bidders with a minimum bid limit of $25,000.  Please see the Terms and Conditions for more info about the special Stack's Bowers Precious Metal Auctions. Note that payment is due immediately after the auction. If you have any questions regarding our Precious Metal Auctions or would like to discuss increasing your bid limit please contact us at 800-458-4646 or [email protected]