DNW Auction Help

I was considering participating in the DNW auction and I had a few questions. Can you do it even if you live in the US and is it difficult to bid? Also is it really trustworthy? Thanks!

 

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They're one of the major auction houses in Britain and they are completely trustworthy. I have bid through them before, but payment could be a bit annoying. Be prepared to do a bank transfer.

 

I can't use my visa debit card?

 

If the auction house accepts VISA, I'm sure you can use your debit card, but there will be currency exchange fees. Call your bank to get more info on this.

 

What about the live bidding thing? Can you bid any day or does it have to be during the ending day and do it in that weird live bidding way?

 

Would I be able to bid my max bid a couple days earlier and still have a chance of winning?

 

superb auction house,you can do just about every thing you want--bid before ,bid on the day,bid live.change your pre auction bids,largest coin auction house in the uk.now going to have monthly auctions-I have bid with them for years never a problem.

 

you get the auction up on the screen,you see a picture of the coin and you hear the auctioneer,as the auction goes you just click on the next amount if you want to bid,if you win the lot a message comes up YOU HAVE WON THIS LOT,very simple and good fun.

 

What happens if I want to bid a few days early? Will it just automatically continue to bid for me during the live bidding until someone else surpasses my max bid?

 

Does this auction house not have instructions, rules, FAQ on their web site? I'd be going there with these questions instead of to a coin forum not connected to the auction site.

 

It does but I'm still a little confused. It has a spot for me to bid early but then in most of the website they talk about the live bidding so I'm not sure which one really counts.

 

They both count. Think about it for a minute. If there are no live bids, would they void all earlier bids and just not sell it?

 

I've bid on DNW for years and it has been easy. You can bid early and it will treat it like a max bid and the computer will bid on your behalf whenever you bid is exceeded going up the next increment (just like a proxy bid does on ebay.) When the live bidding opens for a lot it will open at the current interent bid (Not the max bid). You will have to be signed in to live bid.

If there is no floor or live bidding the person with the current internet bid wins. Bidding can be done by floor bides or on the internet through live bidding. On live bidding you can hear and see the current bid. The bidding is quick but easy to follow (about 100 or so lots and hour). It will tell you if you are the current high bid. There will be a button you can click to bid the next increment.

If you have the high internet bid and there is competition they will bid on your account up to your max bid. If your max is exceeded you can still bid using live bid. It is possible during the live bidding to raise you maximum on lots that have not come on the block yet, you can do cut bids on the current lot as well (once per lot) if you're not after the first couple lots they are selling just watch the live bidding for a bit and you should get an understanding pretty quickly.

When the lot is knocked down it will either go to the floor ("#XXXX"), internet, book, or "wood". "Wood" means the lot didn't sell.

Settling up has never been difficult for me they have been happy to take my credit card. (Of course I've never spent over $2,000 at a time with them.) They will also take a check but they won't ship until the check clears and that can take awhile. And as mentioned you can always do a bank wire. There is a shipping and handling fee which can be a little steep, and remember DNW has a 20% buyers fee not the 17.5% we have here. On the other hand we have an advantage being in the US, we don't have to pay the 15% VAT tax that the English or European buyers do.

 

Thank you so much! This has been much help for me. Are you planning in participating in the current auction?

 

I haven't looked at it yet but they have some tokens so I need to check it out. I think I'll go do that now before I forget.

Not too any token lots and I don't see anything I can actually use. Maybe a few things I don't have but not enough for me to do any serious bidding.

 

I too really like tokens. What kind do you collect?

 

yes and you get the lot at the lowest possible price if you are the winner

 

Alright. I think I'm going to make my bids soon

 

18th century, the English Conder tokens, especially Genuine Trade Tokens, the ones issued by the merchants, intended to circulate as money, and typically with enough information on them so people would know where to take them back to for redemption. There are about 640 English GTT and I have about 550 of them. I also collect Middlesex Skidmore Churches and Gates pieces there are about 125 different (not including edge varieties) and I have about 85 of them. Most everything in the sale appears to be Sussex tokens and I have all the GTT from there. There's only on Churches and Gates Piece in the sale, a Middlesex 672, and I already have that one as well.

 

Cool! I've always been fascinated with Conder tokens. That's crazy you have so many. How long have you been collecting them?