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2. Bidding fee auction - Wikipedia

   en.wikipedia.org/wiki/Bidding_fee_auction

   A 2010 TechCrunch article about penny auction site MadBid called this business model "a license to print money." [3] Eighteen months later, a reporter for The Guardian wrote, "legions of penny auction sites have folded, including Swoopo, Rapid Bargain and Bid Boogie." The reporter spoke with a representative for MadBid, who denied that the ...

3. Double Your Money Selling Old Pennies by the Pound

   www.aol.com/news/2012-12-05-copper-pennies-old...

   Save the right penny, though, and it's worth more. Take a look on eBay (EBAY) and you'll find hundreds of listings for auctions selling pennies. Yet despite the huge ... One auction featured ...

4. Swoopo - Wikipedia

   en.wikipedia.org/wiki/Swoopo

   Each credit was good for one bid. Standard auctions began with an opening price of $0.12 and every time someone bids the price increases by $0.12. Other bidding fee auctions use different values - "penny auctions" use $0.01, 6¢ auctions $0.06, etc. The price of bids and the incremental values vary depending on the regional version of the site ...

5. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   Another special case of a combinatorial auction is the combinatorial clock auction (CCA), which combines a clock auction, during which bidders may provide their confirmations in response to the rising prices, with a subsequantial sealed bid auction, in which bidders submit sealed package bids. The auctioneer uses the final bids to compute the ...

6. 9 Rare Coins That Can Make You Rich - AOL

   www.aol.com/9-rare-coins-rich-120009603.html

   1944-D Lincoln Penny. Auction record: $115,000. This super rare penny sold for six figures because it’s only one of two dates that feature zinc-coated steel. It’s worth mentioning that the ...

7. Penny auction (foreclosure) - Wikipedia

   en.wikipedia.org/wiki/Penny_auction_(foreclosure)

   Neighbors would gather in large numbers at the auction and place bids of only a few pennies, while intimidating anyone who attempted to bid competitively. [1] In the end, the bank that owned the farm would get whatever was bid and the neighbors would return the farm and its contents to the farmer.

8. Penny Black: ‘First’ piece of mail sent using a stamp could ...

   www.aol.com/penny-black-first-piece-mail...

   The first known piece of mail sent using a prepaid stamp — “one of the greatest leaps forward in human communication” — could fetch between $1.5 million and $2.5 million when it comes up ...

9. All-pay auction - Wikipedia

   en.wikipedia.org/wiki/All-pay_auction

   Another practical examples are the bidding fee auction and the penny raffle (pejoratively known as a "Chinese auction" [6]). Other forms of all-pay auctions exist, such as a war of attrition (also known as biological auctions [ 7 ] ), in which the highest bidder wins, but all (or more typically, both) bidders pay only the lower bid.