View Seller Terms (PDF): Gold Bar Serial No.pdf
Auction Details
| Starting Bid: $19,000.00 | |
| Current Price: $170,100.00 | |
| Buy Now Price | $0.00 | No Reserve Available for immediate purchase. |
| Buyer's Fee: 7.00% - 5.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 103 Bid(s) |
| High Bidder | Saconconst@gmail.com S******************m |
| Page Views | 6718 |
Payment Details
Payment in full is due to Municibid no later than 5 working days after the close of the auction. Payment is accepted in the form of Electronic Fund Transfer, Wire Transfer, and Certified Payment (Certified Check, Cashiers Check, or Money Order). Mailed payments must be postmarked no later the 2 working days from the date of the notice of award. Please note: It may take 2 to 3 days to process your payment once it is received. For full payment instructions please visit www.municibid.com/pay
Item Description
GOLD BARS AUCTION: The Township of Mahwah is auctioning off a collection of 43 one ounce gold bars that were seized by the Mahwah Police Department. This exclusive lot consists of 23 IGR One Ounce Gold 999.9 Bars and 20 ASAHI Refining One Ounce Troy Fine Gold 9999 Bars. Each gold bar is securely packaged and marked with a unique serial number. These bars have been verified by 3 independent jewelers. They are being sold "As Is."
Seller’s Terms & Conditions
The successful bidder shall provide a photo I.D. and sign a hold harmless and indemnification agreement upon pick up.
Additional Information on this Auction
| Will Item results be voted on | No | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | Items cannot be inspected in person. |
Questions/Answers Ask the seller a question about this auction.
You must be signed in to ask and answer questions.
Q: |
"What happened? Why was this re-listed?" - Asked by #8003559 12/01/2025 05:55 PM |
A: |
The high bidder on the original auction failed to complete the legally-binding transaction within the specified timeframe and is now in material breach of the contract. To ensure Mahwah Township can complete this disposition without further delay, the gold has been re-listed for bidding.
-Answered on 12/01/2025 05:55 PM |
Q: |
"XRF analyzer only verified ?" - Asked by #75109085 12/02/2025 05:34 PM |
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Q: |
"Are these 100% guaranteed solid gold bars as advertised?" - Asked by #65986720 12/05/2025 09:57 AM |
A: |
yes they were appraised by 3 independent jewelers
-Answered on 12/05/2025 10:04 AM |
Q: |
"do you have a copy of the appraisal ?" - Asked by #573038 12/05/2025 03:12 PM |
A: |
no, they were authenticated by the jewelers and given verbal appraisals
-Answered on 12/05/2025 03:31 PM |
Q: |
"What is the exact buyers fee" - Asked by #67752095 12/05/2025 08:07 PM |
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Q: |
"Did the three independent jewelers use X-rays of each bar of gold to determine their authenticity?" - Asked by #79569572 12/05/2025 10:41 PM |
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Q: |
"The price is now north of 169K, what is the max commission dollar amount that will be applied to this sale?" - Asked by #44056410 12/06/2025 08:56 AM |
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Item Location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.