Question on bidding on stack bowers auctions

Okay so in three days Stack Bowers will begin the sale of the world and ancient gold coins lot. Can someone explain to me how I can bid. Prebidding ends in three days. If I win the pre bid do I win the auction. If someone else wins the prebid and puts forth more money that I will pay is there any hope for me to win? On their website it says have to install a software to bid live, but where can I found the softwareto download. Finallyanother member told me that I can bid by telephone. How do I tell them to cal me before a lot. Can anyone explain this to me? thanks

 

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I haven't bid on a Stacks Bowers auction but I would assume the procedure is the same as for other auction houses.

First you will have to register for the auction If you have not signed up with StacksBowers before you will see on their current auctions page a box at the upper right that says Join Now and bid online. Click the sign up now button. If you have already joined then click the Login button and login.

Once you are logged in you should be able to go to the auction you are interested in, browse the lots, and enter pre-sale bids.

No, you are simply the current high bidder when the live/floor auction starts. Say you put in a bid of $1000 and the second highest bidder had a maximum bid of $500. You would have the high bid going into the floor bid at say $525 and that would be the opening bid at the floor auction on your behalf. The first floor bidder would have to bid at least $550, then they would bid $575 and so on until the either you win the lot or the floor bidding goes beyond your maximum pre-bid.

Only if you bid live during the floor bidding and bid higher than anyone else.

I can't seem to find a link to the software on their site so I would assume that once you are logged in if you try to go to live bidding it will install the software automatically the first time. After that you should be able to go directly to the live bidding whenever you want to bid in one of their auctions.

They don't call you, you call them. And you will have to be registered for the auction and have a bidder number already when you call them. So you will have to register ahead of time.

 

I strongly suggest that you look at their buyer's fees and S&H.
If you don't -- STICKER SHOCK!!!
At a minimum you want to take them into account when you bid.

 

that was a very detailed answer. Thank you very much for taking the taking to clear that out for me.

 

The BP is extreemly high, 15 percent but I never saw anything about shipping fees. Do you know how much they are?

 

I'm surprised it's ONLY 15%.
Some of these heavyweights are going 20%.

And there's no way to know S&H for sure.
Estimate a shipping weight and go to the USPS website.
See what Registered with appropriate insurance costs.
Then add an additional $5-10 for "handling".
That will give you an idea.

 

Thank you that's quite the eye opener

 

Same thing with Teletrade.
What I do is decide what I want to pay for a coin.
Then I subtract 15%.
Finally I subtract S&H.
That results in what I'm actually going to bit.

Problem is that you won't win often that way.
There's always bidders who don't make that adjustment.
But at least you won't overpay if you do win.

 

I also forgot to input my new York state sales tax