seizedpropertyauctions.com

[Keleum]

Has anyone done business with these folks? I'm thinking of bidding on a few of the items.

 

Online Auction site

 

 

[123cents]

I have bid on a few coins and currency items but have never won anything. The bids always go higher than I am willing to give.

[James_OldeTowne]

I once placed about 20 bids in one of their auctions. I won exactly one, and as it turned out, it was a great deal.

[TomB]

Please be aware that this company is a private enterprise that seems to go to great lengths to appear to be a Federal entity to the casual observer. This would immediately make me suspicious of their actions.

[physics-fan3.14]

They have a Bentley for sale. Might buy it, just for fun.

[jesbroken]

I have no history with this company, but when I visited the web page, McAfee warned that many had reported them as being misrepresentative of what they auction. No other auction house has ever been given me this warning by McAfee. Might not mean anything, but then again.

[EZ_E]

I have bid on a few coins and currency items but have never won anything. The bids always go higher than I am willing to give.

 

Ditto for me. I get their emails but I never even bother to look.

[Dcoin]

This company is really no different than Ebay. I would be really surprised if the items for sale were ALL really seized.

[DC Dawg]

Has anyone done business with these folks? I'm thinking of bidding on a few of the items.

 

Online Auction site

 

This is a sight run by a contractor under contract from the Department of the Treasury and the Federal Asset Recovery Service out of the Department of Justice. It started as a way to auction assets siezed by revenue agents in the process of collecting on taxes. Since it was a success, the service takes consignments from other agencies including the Department of Justice (e.g., FBI) and Homeland Security (e.g., CBP and the former ATF).

 

Because this is a government sponsored program, the buyers' premium is low... I think 10-percent!

 

Scott

[Keleum]

Thanks guys, that's very helpful. I noticed that the site is schizophrenic in how it appears like a gov't agency, but goes through great lengths to say it isn't. That's why I was wondering.

[ibyandsellsmith]

The bids go outrageously high.