GFRC Online Auctions

 

Presents The Third 2023 Auction Event - Another GFRC Numismatic Innovation

The CAC-Only Auction Sale

Consignment Deadline is April 9th

 

GFRC Online Auctions - PDF Catalog Archives

 

Greetings and welcome to GFRC No Buyer's Fee Auction Sales portal. Our online auction application takes a simplified approach for conducting noteworthy auctions without buyer's fees. The one commission rate approach for integrated auction and price list sales leads to a carefree and fun buying and selling event.

GFRC continues its 2023 auction schedule with yet another numismatic innovation. CAC approved coins continue to be a substantial portion of the GFRC business with high demand during price list and auction sale offerings. This leads to the obvious question. Would collectors enjoy participating in an exclusive CAC approved coin auction rather than requiring to search the internet for CAC approved coins at competitive auction houses. At GFRC, I believe in simplicity. There is nothing more simple that assembly a large group of premium CAC coins are market competitive reserve prices.

I will add more commentary once the April 29th auction is completely populated. At the moment I believe the auction comprised at least 65 lots across all designs and denominations. The broader the range of offerings, the higher the probability of a wide ranging audience and aggressive bidding during the auction sale.

Hopefully, inspecting the forthcoming images will be as much fun as bidding in the auction given the continuing GFRC photography improvements and overall consignment quality. Just imagine what GFRC could do for your coins when the time comes to sell....

 

 

 

GFRC Online Auctions Proudly Presents

The CAC-Only Auction Sale

 

A Display Gallery will be presented after the April 9th submission closing date.

 

About GFRC

GFRC has rapidly grown as a leading retailer of quality Early Silver Type, U.S. Gold, and now expanding into early 20th Century denominations. Our business model is consignment centric supporting more than 150 consignors who actively conduct collection duplicate divestments. Selling CAC approved coins is our primary mission and specialty.

Founded during early 2014, GFRC has been in continuous operation since that time. Our website garners some of the highest Alexa.com industry rankings due to a dedicated numismatic community that constantly visits the many online applications. Unlike other dealers, we offer a complete Sales and Auction Archive for complete transparency. The GFRC Open Set Registry provides collectors with a friendly venue for posting their collections. The GFRC Gallery showcases the past and present offerings of our top consignors.

GFRC is a well known fixture on the national coin show circuit. We exhibit at Whitman Baltimore, Winter and Summer FUN, Central States, and the Summer ANA World's Fair of Money. You will find GFRC at smaller regional shows consistent with our summer New England presence and winter snowbird status in Florida.

 

The Unique GFRC Integrated Service Approach

With the introduction of the GFRC's Online Auction service, clients have multiple sale approaches for their consigned coins.

- Regular Fixed Priced List Sales

- Online Auction Sales (Minimum consignment lot size and/or value requirement)

- A lot not selling at its Online Auction reserve price will automatically post to the price list at the reserve price.

- GFRC will not return consigned lots that do not meet reserves at Online Auctions due to the standard four month minimum consignment length requirement as part of GFRC regular policy. Requests for earlier returns of auction lots will be subject to 5% handling fee.

 

Online Auction Sale Terms & Conditions

GFRC auction sale Terms and Conditions are available by clicking here or the Terms & Conditions banner located at the top of this page. Your GFRC auction experience will be improved if carefully reading through all Terms & Conditions. Most potential questions, concerning the GFRC automated bidding application, will be answered if bidders take the time to read all facets of the Terms & Conditions.

 

The Bidding Process Using the GFRC's Online Auction Application

Online Auctions and the bidding process will be conducted through an automated bidding application specially developed for the GFRC portal. Auctions will be posted and conducted via auction table presentation and located at seateddimevarieties.com/auction. Bidders WILL NOT be assigned a bidder number for each auction in order to simplify the application's operation. Instead, bidders will supply their contact information during each bid placement. Each bid will be assigned a unique number for tracking purposes. Bidders will receive an email from auctions@seateddimevarieties.com that confirms their bid and documents the bid number. The bid number is important when checking on high bid status.

 

GFRC Online Auctions - The Online Auction Table

Following is a screen capture of the Online auction table. The format looks similar to a regular GFRC For Sale page price list table.

Please look carefully as there are three different auction statuses illustrated. The first example is an 1913-S Buffalo nickel that is queued for an upcoming auction that opens on October 12. The TPG number is available with a link back to the TPG website for checking certification. Reserves and high bids will be listed in the second to right column. The rightmost column communicates the lot's status and allows bidding.

On the second line, the 1917-D Standing Liberty quarter is currently available for bidding as an active auction. Bidding is accomplished by clicking on the shopping bag icon.

The final line in the table illustrates an 1825 Capped Bust half dollar that was part of a prior auction that is now closed. That lot did not meet the reserve.

 

GFRC Online Auctions - Three Auction Statuses Example

 

GFRC Online Auctions - Using the Bidding Screen

Clicking the shopping bag icon for a lot that is part of an active Online Auction brings about a lot bidding screen. The bidding screen is unique to that lot and presents a full description and TPG serial number. Lots are identified by TPG serial numbers or with GFRC inventory number for raw coins.

The next illustration showcases the auction lot's information including full description, reserve price, current high bid and bid number. There are three panels for entering information towards placing a bid. Bidding requires three pieces of information each time a bid is placed. .

- Name

- Email Address

- Max Bid

Once these three pieces of information are entered, please hit the Enter Bid button.

GFRC Online Auctions - Bidding Screen Example

 

Bidders will accurately enter the required information and select the Enter Bid button. A bid will be first checked for being valid. If not valid, an error message will be issued on the bidding screen. If the bid is valid, the bid will be acknowledged on a separate screen along with an email sent to the inputted email address indicating such.

 

GFRC Online Auctions - Email Bid Notification

All GFRC auction emails will be issued from "auctions@seateddimevarieties.com". The email captures the submitted name and acknowledges the maximum bid. Each bid is assigned a unique bid number. Please note that there are no bidder numbers assigned to clients. Again, each bid is assigned its unique tracking number. A link is provide to allow prompt return to the lot bidding screen which allows bidders to check if their unique bid number is the high bid.

Following is an illustration of typical Bid Notification email. Please note that the lot number is the full TPG serial number as extracted via bar code.

GFRC Online Auctions - Email Bid Notification