Understanding Online Auctions: How They Work

Once you are on the webpage with the online auction catalog (https://amp-tag.hibid.com), click the catalog button and scroll through the items up for auction. When you click a bid button, the software will open the online registration form. The registration is required to prove that a real person intends to purchase and enter a bid amount. Registration requires your name, address, and credit card information, and the information matches the registered bidder and the credit card company’s information. Click here to visit our online auction catalog:

This is the amount of US dollars you must enter to raise a bid. The increments are different depending on the auction. Read the auction information on the online catalog to see the increments required to place bids. Example: bid increments may be in $1, $5, $10 etc.

A buyer’s premium is an additional fee (typically 10–30%) added to the winning bid (hammer price) of an auction item, which the buyer pays to the auction house. It covers the auctioneer’s operating costs—such as marketing, staffing, venue rental, and technology—while allowing them to lower commission fees for sellers, which attracts high-value items for us to market.

We can either use the credit card you entered during registration to pay or accept a bank wire transfer (required for invoices over $2000), or you may come by and pay for the items in cash, check, or other credit/debit cards with proper identification.

Yes, we do if it is feasible. We use Shipping Saint, a shipping software, to communicate after the sale and to offer insurance and lower fees than traditional shipping companies. Here is more info about our shipping and how it works: https://amp-tag.com/2023/08/06/shipping-saint-helps-us-ship/

Our specialties include: Coin Collections, Fine Jewelry, Collectibles such as: comic books, sports cards, gaming cards, comic cards, Sporting Goods, and Firearms. We are a federally licensed firearms facility.

View our completed auction catalogs here: https://amp-tag.hibid.com/auctions/past. We believe in transparency, so we post sold auction prices (price realized) on our past auctions page. This helps appraisers see today’s market values.

Because it brings competition to the buying process and drives real market value. To read more: https://amp-tag.com/2021/07/27/auction-method-of-marketing-it-works/