Starting bid: 0.1 BTC
End date and time: Thursday 12th of November at 20:00 UTC and when there have been no new bids in *2 minutes*
Payment methods accepted: Bitcoin
Additional information: Read below
We have launched our new product line and we are going to auction the first 50 coins from our 1 BTC Denarium Series of 2015. The total batch is 250 coins and the rest (200) will be on sale at Denarium.com later on based on the auction prices. This is the third and FINAL of three auctions and there is a total of 15 coins on sale. Results of the 1st auction and the 2nd auction.
This is a concept picture. Actual coin may look slightly different.
General information
You are ONLY bidding for the coin itself, not the bitcoin value inside the coin. If you win a coin, you can choose to buy it loaded which will add 1 BTC to the auction price. Or you can choose to buy it empty. To the US we can only sell coins that are not loaded by us. The "empty" coins can easily be loaded with bitcoin value by the customer himself/herself, however.
Shipping cost
Shipping is paid IN ADDITION to the auction price. Price can vary from 14-60 EUR depending on where we need to ship. Finland is cheapest at 14 €. For most European countries it will be 25 € and also for some Asian countries but for some it will be as high as 60 €. UK, Germany, US and Canada is 55-60 €. It is possible to combine shipping if you have other orders from Denarium.com or other Denarium auction wins, so keep that in mind. There is also a Group Buy option which you can use to get cheaper shipping.
Serial numbers
We are reserving 50 serials from each series for these auctioned 1 BTC coins. For the A series it will be 1-50. For the L series it will be 4000-4049. For the E series it will be 1000-1049. For the M series it will be 1-50. Highest bid gets the lowest serial. So if the best bid winner chooses a L series, that coin will be L4002. Then if the 2nd largest bidder chooses E, that will be E1002. And then if 3rd bidder chooses L, that will be L4003. And so on.
A = Auctioned coins. Coins with A serials can only be won from auctions, not sold at our website. The coin itself can be either loaded, empty and it can be optionally equipped with multisig.
L = Loaded coins. These are coins that will always be loaded by us and you pay the bitcoin value on top if you buy one of these.
E = Empty coins. These coins are always empty from the factory & the user can optionally load the coin with bitcoin value himself/herself.
M = Multisig coins. These coins are equipped with a multisig solution that requires the buyer to submit his own Bitcoin address + public key. A "trustless" coin, ultra secure. Can be bought as empty or loaded.
It is important to note though that we can't ship L series or loaded A & M series to the US, but E series and empty A & M series we can.
As the bidders do not need to state which series they are going to choose when bidding, it is impossible to bid for a specific serial unless you are the highest bidder of all in which case you will get the first serial of the series you choose. Serials that have already been chosen based on the 1st & 2nd auctions:
A1-28
L4000-4001
E1000-1001
M1-3
Shipping date
The coins will be shipped in January 2016.
How to bid
You can bid for any amount of coins from 1 coin to 15 coins. The bidding format is "Nickname 2 @ 0.5" which means "I'm bidding for 2 coins, 0.5 bitcoins each". If you want to bid for one coin only, post "Nickname 1 @ 0.5". If for all of them, post "Nickname 20 @ 0.5". The auction is conducted by using 2 decimals only. So you can bid "2 @ 0.51" but DO NOT bid "2 @ 0.511".
So if I were bidding for 2 coins and 0.5 BTC each, I would post "Technomage 2 @ 0.5". If you forget to add your nickname, the bid will still count. But it is easier to record the bids when the nickname is also posted.
Each winner will pay exactly the amount that they bid. Meaning that if the highest bidder bid 1 bitcoin and the lowest winning bidder bid 0.4 bitcoin, then the highest bidder will pay 1 bitcoin for his coin and the lowest winning bidder will pay 0.4 bitcoin for his.
Auction rules
- When you post a bid, the bids in your previous posts are considered to be automatically canceled. You can put multiple bids in one post, however.
- All bid prices must be evenly divisible by 0.01.
- If two people bid at the same price, the person who bid first will be first in line to win a coin.
- Bids are considered invalid and will be ignored if they do not specify both a price and a max quantity, or if they could not possibly win any slots.
- Winning bidders must inform me within 24 hours after the end of the auction which Series (A, L, E or M) they are choosing and which country the coin will be shipped to. Then the winner has another 24 hours to pay the full auction price.
If these rules are confusing, please ask in the thread and I will answer.
I reserve the right to reject bids, even days after the bid is made. If bids are rejected for any reason, the next bids in line that didn't win originally, will come into play and will have a chance to buy a coin.
Important: Auction payments should ONLY be paid through this BitPay Checkout page: https://bitpay.com/m/750380/checkout. Do not, under any circumstances, make payment to a Bitcoin address sent by PM.
Good luck!