A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
If the Gold-Bug has bitten you - or you think that it is about to - this is a book that is well worth your time. Written by an expert with countless hours of finding gold behind him, there is little he can't tell you about this rapidly growing pasttime. One interesting aspect of looking for gold, is that it is becoming popular as a way for families to spend time together. Since gold can be found almost anywhere, picnics, camping trips, or just a Sunday afternoon can generate a new enthusiasm if there is a "pot-of-gold" to be uncovered. Another group that has taken an interest in finding gold is the retired baby-boomers. Whether in a car or on a horse, stopping and looking for the precious metal has given retirement a whole new meaning. Get this book and read it. It will save you hours of trial and error
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