How it works

Auction Winners Flow


Bids Cost

Seat Auction only cost to purchase a seat and all bidding is free.

Penny Auctions

Unlike most penny auction sites Gold IQ makes it perfectly clear that it cost to bid. Bids are $.60 - $.85 each and can be purchased in several different packages starting at $12.00 for 15 bids.


All Packages are at a cost of $1 per token. A token can be used for 1 seat auction.


Seat Auctions

Seat auctions are different from the standard penny auction as there isn’t a cost for bids. While the bidding is free, there is a seat cost. To participate in a seat auction you will pay an one time cost from $1.00 - $5.00 depending upon the amount of product being auctioned. The duration of the auction clock for the seat auctions are set and there is no last call., therefore this high paced auction is a quick exciting way to make instant profits. Seat auctions will range from a few hundred dollars up to $10,000,000.00 ( Ten Million Dollars).

A. Seat Auction Cost

It takes one token at a cost of $1 to enter an auction. Some auctions with larger amounts of gold wherein the participates have been limited to lower numbers will take additional tokens and will be indicated on the auction description page. These auctions will be limited and we will made sure to inform everyone. 




All of our sales and auctions are available to view at All clients will be required to create a GoldIQ Account. Clients will be asked to provide their full name, address and contact details including telephone and email. If you plan to bid automatically with concierge host services, you should first create a My Gold Trader Account

  • If you auto bid with a concierge and wish to find out how you fared with your concierge services bid after the auction, view auction results online in real-time or contact our Client Service Department, +1-512-987-9576, Monday - Friday, 8:00 am - 6:00 pm, Central time
  • Online-Only Auctions : Gold IQ conducts online-only auctions, with all bidding taking place online. Online-only bids can be submitted throughout the duration of the bidding period. Once the auction clock has expired the highest bid shall prevail.

Once you’re done registering, a confirmation email will be sent to the address you provided. If you don’t immediately receive this email from GoldIQ, then check your Spam folder to ensure that it wasn’t mistakenly identified or blocked. We recommend you add us to your safe senders list in order to avoid future confusion. Once you’ve confirmed your account, you’re free to buy bids and participate in auctions!



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