Customized Penny Auction. Customized Penny Auction. pennies, based on over 250,000 public records and auction sales figures. Even when selling cash, the seller may obtain revenue that is much higher or lower than its nominal value, and losers in an auction. It's currently not in the top ranks. Auction or Lottery? Winner usually pays far less than value. Messages: 36 Likes Received: 0 Best Answers: 0 Trophy Points: 0 #1. Thus, we have made provisions for a quick and easy start for online auction businesses from these regions one of the key priorities in our auction software development. If they win, they end up paying the total cost of the item. I wish they made that clearer because for a. #1 · Oct 2, 2023. Get feature rich reverse, penny auction software and more. If the bids cost $0. Penny Auction Bidder Statistics Secret – BidPanther Penny Auction Bidder Statistics Secret. Sales proceeds from TEOAF auctions are deposited in the Treasury Forfeiture Fund. In fact the whole concept behind bid-fee auctions comes from economist Martin Shubik and his colleagues, John Nash, Lloyd Shapley, and Melvin Hausner’s “dollar auction. Penny auctions might be a fun way to try to get big-ticket items at reduced prices. Penny Auctions (curiousgnu. When time. Get a winning advantage with the All Penny Auctions penny auction database - exclusive information, analysis, bidder stats, and more! 0 :DealDash was founded in 2009 by William Wolfram, a 16-year-old Finnish entrepreneur, who had lost $20 bidding unsuccessfully for a MacBook on an earlier penny auction site. S. But in many ways, a penny auction is more like a lottery than a traditional online auction. To spread the word about a product or service and raise its profile. That seems like a good deal, until you factor in the. During the Great Depression, farmers in the Midwest held vigilante "penny auctions" to stave off foreclosures. The penny auctions are the new craze amongst millions of users. our penny auction winners’ site to find out. expand filters: Get Connected. Penny Auction Player Statistics Secret – BidPanther Penny Auction Player Statistics Secret. com, one of the most important penny auction websites, the next recommended step would be to check out the entire list of. Softbiz penny auction script generates lot of free search engine traffic over time. An auction URL (you can enter the entire URL) An auction ID, with or without the "#" sign - for example: #123456789; A product name, or bidder username. Covering entertainment auction site news, finding and highlighting the good, along with uncovering and educating consumers of the dangers of bad penny auction sites. Unfortunately the increasing marketing initiatives by the companies have led to decreasing consumer confidence and decline in the overall growth. However, placing such a bid is costly whether or not you win. 10 to $1 each, depending on promotions, offers, and the bidding site, and are nonrefundable at the end of the auction. Our Penny Auction Scripts doesn't just provide you type of auction but four levels of auctions - Regular, Gold, Silver and Platinum. We understand that every individual is unique, which is why we create customized plans that fit your specific needs and budget. Our detailed statistics about bidders and auctions will help you to understand behaviour of other bidders in auctions. As the bidding war begins, each bid that is made bumps the price from zero up by a small amount – hence the name, “penny auctions”. Auction Value: $108,000. Information is key to winning penny auctions and that's why it's our mission to make you a better penny auction player by providing BidPanther users with real-time information and other tools to help them. There will also be a summary of the auction to that point with stats like the total number of bidders and the percentage of bids made with BidBuddy. Bidders buy packets of 10 to 700 bids from the penny auction site’s owner, at a price that varies between 60 cents to a dollar apiece, depending on the bulk discount and the owner’s price point. Penny stocks are public companies that have a current share price of $1. This shows the tremendous stability of the art market and reflects the growth it is experiencing due to the development of the digital market and the entry of new art collectors. It's an automated penny auction bidder software: with it you don't need to be sit in front of your computer to place your bids in the exact time you want!. Major auction sales of U. There are numerous sites that run these penny auctions. A bidding fee auction is a more recently formulated auction that has arisen primarily with the advent of the internet. The branch of economic theory dealing with. Gift Card Penny Auction Sites. Recent sales statistics. Since its mechanism is different from traditional ones, the results of past studies may not be applied to. pennies, based on over 250,000 public records and auction sales figures. In a penny auction. Once you entered pennyauctionstar. Ipad Penny Auctions. A typical penny auction1 may sell a new brand-name digital camera, at starting price 0 and timer at 1 minute. We understand that every individual is unique, which is why we create customized plans that fit your specific needs and budget. It’s our 1-year anniversary! Penny Auction Watch℠ was founded in May of 2009! We’ve been glad to be able to provide you with penny auction information, including some unfortunate exposés of penny auction scams,. Screenshot Main Information Change; add to compare Penny Auction Sites Database - All Penny Auctions. 01 = $1. 3. get 5 free bids to join live auctions of branded mobiles and cool electronic gadgets, bid or buy with huge discount up to 89% Moz DA: 15 Moz Rank: 3. We understand that every individual is unique, which is why we create customized plans to fit your specific needs and budget. Best Penny Auction Sites: Browse the best Penny Auction businesses reviewed by millions of consumers on Sitejabber. Penny Auction is Online Penny Auction Script, easily customizable and user friendly to the users which was developed with latest CodeIgniter framework with Responsive Designs on Front end and Admin panel as well. Statistics Docs Developers Sign up Log in Last updated on: 2023-10-08. Hi! There are so many penny auctions and sometimes it is hard to know whether a site is a scam (with bots & shill bidders) many programmers sell scripts with autobot features to make it appear like there are many bidders on an auction, this is totally fraudulent but a lot of them don't care and are out to make a quick buck. 3 NO ads ZebnaCorp. With each bid costing 60 cents the auction company could collect $1,132 in bid fees, not factoring in discounted bids that it auctions to bidders, which, of course, generate their own auction fees. These are the dime errors you should be looking for — and their current value: 1942/1 Mercury Dimes — $625+. 378 Followers. 60 each then the penny auction site generated $60 of bid sales for this auction. They say in a disclaimer that the stats are basically used for entertainment purposes only and that its our job to determine the validity of them. 1965 Silver Roosevelt Dime — $3,000+. in the United Kingdom. Penny auctions are also referred to as “entertainment auctions” stated in a poltically correct and accurate way. Our team of experts is committed to providing top-quality services using the latest tools and techniques. We've all seen bidding go crazy high in weird bidding wars that do the opposite of showing "true" value. Currency Auctions estimates that uncirculated $2 bills from 1890 could sell for up to $4,500, and uncirculated bills from nearly every year between 1862 and 1917 for at least $1,000. We auction the 52-week bill every four weeks. 50 to $1. If you do not know what a Penny Auction is, before proceeding. This warp-speed fundraiser. Email; Update: The auction ended with 1,411 bids. downloads PREMIUM. Penny Auction Auction Statistics Tips and Tricks. 00 for a high price item like a television, iPad, or Kindle. 1983 No S Dime — $500+. An auction is usually a process of buying and selling goods or services by offering them up for bids,. With the addition of the increasing number of online penny bidding auctions over the past year and non-receipt of items in these particular. The dashed line shows the Herndahl index calculated using the same individual pageview metric for the 115 rms. Free Bids. Hardware is cheap compared to developer expertise. Penny Auctions are very entertaining and addictive because unlike eBay or other auction sites, Penny Auctions happen in a matter of hours or minutes, instead of weeks or months. Customized Penny Auction. I’m very glad to join Attorney General Garland, Deputy Attorney General Monaco, and CFTC Chairman Behnam for such an important occasion. 75. We understand that every individual is unique, which is why we create customized plans that fit your specific needs and budget. ”. Penny Auction Player Statistics Guide – BidPanther Penny Auction Player Statistics Guide. Members can add funds (to pay for bid posting costs) via paypal. 00: Penny 1930 - EF-40: $29,952. ” What’s a dollar auction? Read this excerpt from. QuiBids prides itself in being the beacon of moral and ethical business practices in its industry and defines success through the. Our Penny Auction Software doesn't just provide you type of auction but four levels of auctions - Regular, Gold, Silver and Platinum. The last participant to place a bid before the. For example, a 1960 RD Small Date Lincoln penny graded MS67 fetched $4,600 at Heritage Auctions in 2008. Reviewers satisfied with HappyBidDay most frequently mention penny auctions, auction sites, and customer service. 3. While players do (slowly) learn to. Analytics and Statistics: Multi-Level Auctions Google Analytics and other Cost-Profit report are integrated into your dashboard. Farmers also showed anger to others which caused danger. In this paper, I present a mathematical model of penny auctions with general parameters. Free DealDash Statistics. Bidding starts by placing a bid that is a certain increment higher than the. Statistics. our MadBid statistics for all MadBid auctions, products & bidders are now. Provide large number reports and statistics about the sales being done on the website. Our store location is 10409 Main St. Penny Auction Software facilitates a smart way of selling products to users online. In that way you can monitor suspicous bidders and also make your strategy much. Today, almost everything is bought online and consumers are looking for cheaper and faster ways to get the products that they desire. Description (Long) The U. And, thanks to the way penny auctions are run, it is pretty. One of the safest penny auction sites is BidCactus. This has led many cautious internet users to believe that penny auctions are simply a scam. Outcomes of real penny auctions are surprising: even selling cash can give the seller an order of. You can’t argue with the penny. Statistics Statistics. - PR11446572 Penny auction, an emerging popular auction mode, requires bidders to pay for each bid. 60 a bid, the total value Quibids has made on this auction so far is more than $1,450 for a $200 gift card. Here’s how penny auction sites typically work: Before you can begin bidding, you have to register and buy a package of “bids,” ranging from 50 cents to $1 per bid (the bid prices vary from. Auctions certified coins prices. They caused loss and hate towards farmers. Welcome, Guest . They were made of 95% copper until 1982. The auction is extended each time a new bid is placed, typically by 10 to 20 seconds. Value 10. 02 starting bid. If you want your website to be created and built to match the unique demands and objectives of your web development company or organization, you need to be very clear and explicit when expressing your purpose. 2. Best Match Rating. Some auctions require you to also pay for the final amount. May 30, 2015 by Guest Contributor 12 comments. Etymology. He can able to see the projects which is posted by admin. What are Penny Auctions? “Win an Ipad for $40!”. Our collection of Penny Auction is carefully curated to meet the needs of every customer, from fashion-forward trendsetters to practical wearers. By ABC News. Here’s how penny auction sites typically work: Before you can begin bidding, you have to register and buy a package of “bids,” ranging from 50 cents to $1 per bid (the bid prices vary from. Penny Auction Hacking; Put On Your Statistician’s Hat June 14, 2012 by Mike Szczys 11 Comments Penny auctions are where you must pay a fee each time you bid. By penny auction here we means sites which ask the people to bid pennies and in return they can shop in very. 60. When it comes to finding the perfect Bidder Statistics in Secret, BidPanther is the best choice. The more tickets they purchase to “bid” on a certain item, the higher the chances are that their ticket will be pulled in the raffle for that item. Bidders may then increment the price by $0. Traduce penny auction. The results show that a high variance of outcomes is a natural property of the penny auction format and high revenues are inconsistent with rational risk-neutral participants. You can view free DealDash statistics here: How to Win on DealDash – Free. This site offers patrons access to a report by Ernst and Young. The auction is extended each time a new bid is placed, typically by 10 to 20 seconds. Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. When the auction starts, the timer starts to tick down and players may submit bids. The app has been available since 6 weeks ago. The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by. By. Service 10. com - online auctions – bid or buy branded items – smart phone, laptop, camera, led tv, ipod and more up to 89% off india's top rated penny auction platform since 2011. Some exceptions to this definition exist and are described in the section about different types. It provides clarity to the development team to create a flexible architecture per business requirements. 01, 6¢ auctions $0. A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. Also, any older penny with a picture of wheat stalks, rather than the Lincoln Memorial, is worth at least 5 cents to dealers. And this coin, the Proof 1923 Halfpenny. Penny 1920 - AU-58: $30,000. This is how the penny auctions sell items so ‘cheaply’. 01 regardless of the product. 01 by submitting a bid. Learn how penny auction sites. io [SaaS]: Starting @ $79/month upto $500/month. As soon as you enter pennyauctionstar. It is very easy to use BidFellow, here are the steps you must follow to get it running in less than 1 minute: Choose one site from the site list. By a sort of unwritten penny-auction ethics code, losing money is fine in the spirit of bidding. 194. The auditing company states that BidCactus is a site at which bidders are genuine users. Bidders may then increment the price by $0. access usage statistics, and more. 45!”. Penny auctions were described by Richard Thaler in the New York Times as a “diabolically inventive” adaptation of the dollar auction. 1970 No S Proof Dime — $500+. Get a winning advantage with the All Penny Auctions penny auction database - exclusive information, analysis, bidder stats, and more!BID-NINJA STATS for Dealdash ? Enter a dealdash username, a product or an auction ID or View the Top Bidders & Live Auctions Below Get everything you see on this page (. 3 When a consumer enters an auction for a product, each bid the consumer uses will increase the purchase price of the product by a setQuiBids has been a leading penny auction site since 2009. Our collection of Penny Auction is carefully curated to meet the needs of every customer, from fashion-forward trendsetters to practical wearers. We understand that every individual is unique, which is why we create customized plans that fit your specific needs and budget. S. We understand that every individual is unique, which is why we create customized plans to fit your specific needs and budget. Reviewers satisfied with HappyBidDay most frequently mention penny auctions, auction sites, and customer service. Jack Sheng Was the First to Reach a Feedback Score of One Million. Penny Stocks. display = get_style22052 (); } The following article is a guest contribution submitted to us by a reader. Nov. style. Each time you bid, your bid count is reduced. around $80 spent on a $20 note). It's an automated penny auction bidder software: with it you don't need to be sit in front of your computer to place your bids in the exact time you want!. The online U. Penny AuctionsRead Penny Auction by Auction02 on Issuu and browse thousands of other publications on our platform. Myth #1: Penny Auctions Are a Scam. Many sites require that you pay a fee just to register for their site. The numbers in parentheses are t-statistics based on Huber/White robust standard. Penny start auctions are great for showing true market value of the item for sale. Smart bidding saves money. If you were in the market for a ring that would ordinarily cost $1,000, but only had to pay $50 for it, you might consider that a good deal. #1 · Oct 2, 2023. When the clock finally makes it to zero, you win. A Small Date 1960 Penny, featuring cameos or deep cameos and graded PR60, can command a value of $8. Bidding fee auction, a variation of all-pay auction, also known as a penny auction, often requires that each participant must pay a fixed price to place each bid,. Treasury International Capital (TIC) System The Treasury International Capital (TIC) reporting system collects data. 2 Semrush Rank: 17,330,111 Facebook. A penny auction is an online auction format where participants can bid on items, such as electronics, gift cards, and other products, with the chance to win them at a significantly lower price than their retail value. Business. In any case, if the opening bid of an. About Learn how a penny auction power-bidder and a software developer came together to create the #1 penny auction app for Quibids & Dealdash. military exchange,. The company has been sued under allegations that it is a form of illegal gambling and. Penny auction at foreclosed Michigan farm (1936) At penny auctions farmers would conspire to offer low bids, resulting in a low return to the creditor. These auctions are call "Penny Auctions" because each bid raises the final price of that item only $. Penny auctions are a novel selling mechanism, which combines an auction with elements of a lottery. Every auction starts at a price of zero so let's say it cost 50 cents to bid on a $25 gift card and final auction price is $1. The Strawberry Leaf cent is extremely rare, bearing a four-leaf strawberry plant on the tail of the coin instead of the normal three-leaf trefoil. The. Covering entertainment auction site news, finding and highlighting the good, along with uncovering and educating consumers of the dangers of bad penny auction sites. Get a winning advantage with the All Penny Auctions penny auction database - exclusive information, analysis, bidder stats, and more! 0 add to compare Penny Auctions and Applied Statistics DealDash was founded in 2009 by William Wolfram, a 16-year-old Finnish entrepreneur, who had lost $20 bidding unsuccessfully for a MacBook on an earlier penny auction site. The site announces that an article is up for auction at a specified time. March 12, 2012 -- A 4-bedroom, 2-bath Arizona home with wood-burning fireplace, appraised at $125,000, is being auctioned for bids of a penny each, in what. Recent d/loadsWith penny auctions, you will pay some money for every item you bid on whether you win the auction or not. For those of you who might be new to the idea of a penny auction, here is a pretty decent/accurate explanation from Wikipedia:. The Lincoln cent (technically, only Great Britain officially has a. Smart bidding saves money. The 1920 Kookaburra Halfpenny. 12. 35m to Quibids. The developer provided this information and may update it. Penny Auctions Further Explained. The bidding starts at one penny and a short countdown (usually between 10, 15, 30 seconds) begins. BidPanther Pro enables your browser to: Know everything about your competition. Integrate a live chat or forum where users can share their concerns, issues and successful purchases. Find more about Penny Auction. At 0:00 GMT today, the highly anticipated tool, Penny Auction Bot, was released by Krish Puri. Billed as “the Holy Grail of mint errors. This market is growing. Filter (0 active) close. Win Now Or Get A Refund! by Online Penny Auctions. January 11, 2011 ·. The last bidder wins the item, and the price increases with each bid. 1 review for BidTracker. com) 339 points by tonteldoos on Aug 22, 2016 | hide | past | web | favorite | 159 comments: tominous on Aug 22, 2016. Find more about Penny Auction. In the same vein as many businesses, they extend coupon options to their consumers as well. 3 Descriptive Statistics The construction of our strategies was motivated by patterns we observed in the bidding data (which was collected as speci ed by Stix [3. The winning bidder is the bidder whoever is the last to bid when the timer counts down to 0 seconds. 1. 1914-S Lincoln Penny. Most relevant penny auction statistics websites. Not all auction websites are the same so make sure you read the rules carefully. Each bid costs $1 to the bidder, increases price by $0:01, and resets the timer to 1 minute. 6 million bringing the combined aggregate. The user interface screen is depicted in Figure 1. Treasury Data Investor Class Allotments Treasury provides information on the total amounts of marketable coupon securities and bills allotted investor classed at auction. Visit. Basically you pay a fee to increase the price of an auction by a penny. These efforts saved the livelihood of many South Dakota and Iowa farmers who were devastated by the depression, but they were not enough. You set the strategy and BidBuddy places the bids, automatically. Rare Pennies. : Fit indices versus test statistics. Multiple auctions, simultaneously. 1944-D Lincoln Penny (Zinc-coated steel) 1909-S VDB Lincoln Penny. Our collection of Penny Auction is carefully curated to meet the needs of every customer, from fashion-forward trendsetters to. U. When a prize comes by, you can decide to take a chance on it, or let it pass and wait for the next one. Edward Earl of Oxford's art collection, venturing into the auction world, marked a milestone. 3208 posts · Joined 2011. At BidPanther, we understand that finding the perfect pair of Auction Statistics can be difficult. Penny Auction is an app developed by Bahruz Ahmadbayli. 1944-D Lincoln Penny (Zinc-coated steel) 1909-S VDB Lincoln Penny. Penny Auctions Penny Auctions - Bid & Save Up To 99% On Top Brands. 60. expand. Penny auction sites have been around for roughly two years but have only become a major force in the industry in the past six months. These companies are listed on major stock exchanges and have market capitalizations of under $100 million. Dash board Statistics Stats Documentation Docs. One last thing to note is the business model behind the auctions. The modern history of auctions emerged in the mid-1700s, with pivotal events shaping the landscape. – Early innovator in the penny auction space. Image: DealDrop. Although profitable on an auction-by-auction basis, penny auction sites have problems retaining users. The APK has been available since February 2021. , Fairfax, VA 22030 and our auction location is 1144-D Walker Rd. Verified by 1000s of players bidding online. Posted in Misc Hacks Tagged auction, auctions, penny auctions, statistics. 10-SECOND TIMER: The 10-Second countdown timer restarts when a new bid is placed. . “You’re not going to win anything with those free bids,” Bernstein said. O. display = get_style21104 (); } One of our readers sent us a very discouraging message about the penny auction site. When it comes to finding the perfect Player Statistics in Guide, BidPanther is the best choice. Black Friday and Cyber Monday sales are expected to account for more than a quarter of all holiday purchases this year. A penny auction is an auction with a price increment of $0. A regular auction is an auction with a price increment of $0. Users can conserve thousands of dollars. Bidding tool for Quibids & Dealdash. Our team of experts is committed to providing top-quality services using the latest tools and techniques. The app has no ratings yet. The report states that the site employs effective controls to. Top-Quality Penny Auction Item Statistics Services. Best Penny Auction Web Application for Dealdash and Quibids. A penny auction is a special kind of online auction that allows sellers of expensive items to offer them for pennies on the. Penny auction websites are a relatively recent development in the online business world. We understand that every individual is unique, which is why we create customized plans that fit your specific needs and budget. These bid fees are not returned to the losing bidders, thus penny auctions are often considered a form of all-pay auction [3]. However, we are fortunate enough to be in a position where the money earned is not going to bend our commitment to list legitimate bidding sites. The auction ends when time. Flexible Penny AuctionPenny auctions were described by Richard Thaler in the New York Times as a “diabolically inventive” adaptation of the dollar auction. Bid packages, bid fees, price increments, timer. Penny auctions employ a unique bidding system where participants place incremental bids within a countdown timer. See unavailable auctions. 00. Our Penny Auction Software doesn't just provide you type of auction but four levels of auctions - Regular, Gold, Silver and Platinum. Helping you navigate the penny auction world. Offering low prices prices to the winner is an interesting gimmick; an iPad Air might sell for £20, for example. Penny Auction Bidder Statistics Tips and Tricks – BidPanther Penny Auction Bidder Statistics Tips and Tricks. Top-Quality Penny Auction Bidder Statistics Services. Comprehensive List of Active Penny Auctions Updated for 2020 | DealDash, QuiBids, OrangeBidz, NutBid, Outdoorsman Auctions, & CentBids Home Welcome to the home. Bid-Ninja is an extremely easy-to-use penny auction tool that provides valuable information to help you bid smarter while spending less on bids. Maybe it was a case where 90% of the time, the foreclosure auction went through, so eating the loss on the minority of penny auctions is a valid risk. This is like the old trick of auctioning off a $20 note with the twist that the two highest bidders must both pay even if they end up losing. 01 of total global Internet tra c. From then, you can leave your PC and let BidFellow works. 58 billion. The idea of the penny auction is simple: each time you make a bid, the price of the item increases by a penny. Whether you need auction software for your silent auction or your online business. , one penny) and extending the bidding period for that item by a few seconds. 88 stars from 181 reviews, indicating that most customers are generally satisfied with their purchases. Gixen – Penny Auction Website. You can find whatever you are looking for, and be certain that it will be at a price that cannot be matched anywhere else in the market. BidPanther will even give you access to hidden auctions that you couldn’t see without it. Their unique bidder stats show in real-time how many bids a user has placed, how long a user has been in the auction, when the last bid was, and also a history of winners of previous auctions and. Between 1930 and 1935, about 750,000 farms were lost through foreclosure and. It is also known as penny raffle, chance auction and tricky tray. As in the US dollars or war-of-attrition, players in penny auctions commit higher non-refundable costs as the auction continues and only win if all other players stop bidding. 2 reviews for Ipennyauctions, 3. 5. The New York Times called Swoopo’s bidding auctions, “devilish” noting how the process allows for a business school professor to sell a $20 bill to educated college students and make $50 in bids. In an English auction, bidders can bid any amount greater than the last high bid subject to some minimum increment. “90% discounts on brand-new products!”. Penny auctions operate by offering up products and allowing people to bid on them, increasing the sale price by a single cent each time. For matching different argumentations concerning empirical evidence and statistics we propose an approach of using multi-agent systems for evaluating penny auctions. allpennyauctions. You can’t even buy a gumball with a penny these days, but small change could make you a big winner at Saturday’s Moran United Methodist Church Penny Auction. Sites like eBay charge two fees: an insertion fee for listing an item, and a final value fee, a fraction of the winning bid. Our collection of Penny Auction is carefully curated to meet the needs of every customer, from fashion-forward trendsetters to practical wearers. Page 1 of 2 1 2 Next > ajamils Peon. struck auction gold with a copper. Penny Auctions - Auction App has been downloaded 10+ thousand times. 3. QuiBids. This disambiguation page lists. The eBay HQ Building Names Reflect Categories on eBay. 0 stars: 'I've been using AuctionCents for a while now and I absolutely love it! It's a free penny auction site and there are always tons of great auctions to choose from. So too, the 1937 Pattern Penny. Shoppers use one each time they place a virtual bid on a product. We auction the 52-week bill every four. 2 QuiBids’ Penny Auction Rules Penny auctions start at an initial price of $0. Number of online-only. See more ideas about penny auctions, auction, penny. May 2011: 8. 3. Debt is categorized by whether it is marketable or non-marketable and whether it is debt held by the public or debt held by government agencies. The APK has been availableTo start bidding on an item, penny auction sites require users to buy a package of bids.