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View Seller Terms (PDF): Gold Bar Serial No.pdf
Auction Ended:
Final Bid:
$180,100.00
Bids:
165 Bids
Auction Details
| Starting Bid: $19,000.00 | |
| Current Price: $180,100.00 | |
| 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 | 165 Bid(s) |
| High Bidder | fredtruck12 f*********2 |
| Page Views | 51480 |
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: |
"Are this authentic gold bars" - Asked by #78848174 10/25/2025 11:31 AM |
A: |
As it says in the description, they are verified by 3 independent jewelers.
-Answered on 10/27/2025 08:36 AM |
Q: |
"Is it possible to make a six figure cash offer prior to bid opening?" - Asked by #79213133 10/28/2025 08:21 PM |
A: |
No.
-Answered on 10/29/2025 08:36 AM |
Q: |
"Would the police department be willing to arrange a dedicated time for private pickup separate from the public pick up time? Security is important given this is a large amount of gold and a public auction." - Asked by #30023706 10/30/2025 03:29 PM |
A: |
There is no public pick up time. The winning bidder will arrange a pick up time.
-Answered on 10/30/2025 03:32 PM |
Q: |
"Are you accepting cash as payment?" - Asked by #73563121 11/02/2025 07:49 AM |
A: |
Payments are made through Municibid
-Answered on 11/03/2025 09:15 AM |
Q: |
"Is a police escort available post pickup" - Asked by #65209370 11/03/2025 09:44 AM |
A: |
No
-Answered on 11/03/2025 09:46 AM |
Q: |
"How much is the buyers premium? Says 7-5%?" - Asked by #24760473 11/03/2025 12:29 PM |
A: |
Click on "More Info" next to the Buyer's fee and it explains the breakdown.
-Answered on 11/03/2025 12:36 PM |
Q: |
"Can you ship this item?" - Asked by #9867710 11/03/2025 08:03 PM |
A: |
Items are to be picked up, we do not ship. Any shipping would be full logistical and monetary responsibility of the winning bidder.
-Answered on 11/05/2025 11:30 AM |
Q: |
"Could you please post the verification from the jewelers apprasial and are they world certified jewelers or just local jewelery shops nearby. Would like to see information/proof before i commit to bidding Thanks in advance" - Asked by #568532 11/03/2025 09:50 PM |
A: |
Local jewelers
-Answered on 11/05/2025 11:26 AM |
Q: |
"will tax be added to this lot?" - Asked by #4309506 11/03/2025 11:02 PM |
A: |
No sales tax added from the Township
-Answered on 11/05/2025 11:28 AM |
Q: |
"Is sales tax added by the state?" - Asked by #6722663 11/05/2025 11:48 AM |
A: |
you can browse under terms and conditions for info
-Answered on 11/05/2025 11:59 AM |
Q: |
"The 5- 7% is not clear. When I click on more info it shares an example, but not the specific tiers and how the %s apply in this bid. Can you please clarify how the 5-7% applies? Thanks" - Asked by #79368589 11/06/2025 02:55 PM |
A: |
at the top of the page is and "About" tab...under there is the Municibid fee structure
-Answered on 11/06/2025 03:31 PM |
Q: |
"in future you can buy this from BullionExchanges.com for 12k less. Why the hell would anyone have paid $4,440 per bar with the buyers premium. Makes no sense" - Asked by #79561532 11/10/2025 05:42 PM |
A: |
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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.