What is a quarter auction?
A quarter auction is a part raffle, part auction, part fundraiser and also a direct sales party. A list will be printed up of the items for auction and how many quarters each item is worth. The list will be available to anyone who wants one. (In general, people bring $10-$40 in quarters with them to bid with.
How do you run a quarter auction?
If you’re interested in bidding, you’ll put one or two quarters (whatever was announced) for EACH paddle you intend to bid with. So if you have two paddles, want to bid with both to double your chances, and the item is a “one quarter” bid, you’ll put . 50 in the bucket and raise your paddle(s).
What is it called when an auction ends?
Buyout option. A buyout auction is an auction with an additional set price (the ‘buyout’ price) that any bidder can accept at any time during the auction, thereby immediately ending the auction and winning the item.
How does a quarter look like?
The quarter, short for quarter dollar, is a United States coin worth 25 cents, one-quarter of a dollar….Quarter (United States coin)
| Thickness | 1.75 mm (0.069 in) |
| Edge | 119 reeds |
| Composition | From 1965: 91.67% Cu, 8.33% Ni 1932–1964: 6.25 grams, 90% Ag, 10% Cu |
| Years of minting | 1796, 1804–1807, 1815–1828, 1831–1930, 1932, 1934–present |
| Obverse |
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How do paddle parties work?
A paddle party also known as a quarter auction is part raffle, part auction & part fundraiser. It works a bit like bingo. We will have items from your favorite Direct Sales Companies and Crafters to bid on. When we auction an item, you decide how many chances/paddles to bid with.
What is a minimum bid called?
Minimum bid, also called “reserve price”: The price at which an item can be sold. If the final bid does not reach the minimum bid, the item remains unsold. In other words, the starting bid can be less than the minimum bid, but the item cannot be sold until it reaches the minimum bid.
How much is a quarter worth?
The quarter, short for quarter dollar, is a United States coin worth 25 cents, one-quarter of a dollar.
A quarter auction is a fundraiser held for a charitable cause where participants bet quarters – typically from one to four – on items donated by businesses or individuals. It may also be called quartermania, explained Trisha Gutierrez of QMFundraising, who calls herself the Quartermania queen.
What do I need to know before holding a quarter auction?
Before holding a quarter auction, be sure to check the laws in your state as well as your local county or city government.
Are there any states that ban quarter auctions?
Alabama and Hawaii ban raffles (and, therefore, quarter auctions) altogether. Most if not all other states require raffles such as quarter auctions to benefit charitable causes. Organizations must apply for and receive a permit to run the quarter auctions and must file paperwork after the auction.
Do I need a permit to run a quarter auction?
Organizations must apply for and receive a permit to run the quarter auctions and must file paperwork after the auction. Before holding a quarter auction, be sure to check the laws in your state as well as your local county or city government.