So you’ve been invited to a quarter auction. It’s likely your first reaction to join in this recreational enterprise was, “What the heck is a Quarter Auction?!” Yeah, me too. I’ve enlisted the help of the pal who
drug invited me to my first one, to help explain how these things work, why they’re so much fun, and frankly… what the heck they are.
Quarter auctions appear to be the “new thing” in some states. I’m not sure how or where they began (I think they started in Virginia but I can’t be held to that) but they had their launch and the rest is history…
From my experience with the auctions here in Maryland, quarter auctions (also termed “Quarter Mania”), are a venue where you go to bid and win items of your choice. Bidding is in quarter increments, thus the name.
There are a million variations on how quarter auctions are run. It’s impossible to cover them all but I’ll give a general overview of those I’ve participated in.
Typically, a fundraiser group will plan the quarter auction for their organization to raise money. The auction items can be ANYTHING! I’ve seen brand new items such as restaurant gift certificates, jewelry, purses, food, home goods, toys, and tools auctioned off.
What The Heck Is A Quarter Auction?
As a quarter auction participant/player you’ll arrive to the location at least half an hour in advance of the start time, loaded with tons of quarters. You want to arrive early so you have the opportunity to view all the items being auctioned off (there are usually about 100 auction items). You will also need to arrive early to make sure you get a seat. Some venues have been known to sell out!
When you arrive, you’ll find a table where they are selling paddles and making change in quarters. Here you pick a numbered paddle (or two, or three) that you will use as your bidding number(s). You’ll pay a rental fee for the paddle that generally ranges from $1 – $3 and you’ll return the paddle at the end of the auction. The paddle money is retained for the charity organization. The person selling the paddles will put a corresponding numbered chip/ball into a bucket.
When the auction begins, each item will be displayed to the crowd and auctioned off, one by one. At this time, you will use your quarters and paddle(s) to bid. Each item will have a retail value that determines the number of quarters required per paddle to bid. For example, 1 quarter for an item with a $10 – $25 value, 2 quarters for $26 – $50 value, and so on up to 4 quarters. The values and quarter amounts do vary from auction to auction.
Once you deposit the required number of quarters per paddle to bid (quarters are dropped into bowls on the tables and collected) you can raise your paddle(s) in the air. The announcer will begin calling numbers from the chips/balls in their bucket. If the announcer calls a number that wasn’t played (the person didn’t bid and raise their paddle), that person with the number will yell out, “No bid.” The announcer will continue calling numbers until there is a winner amongst those who bid and had their paddles raised in the air.
Here’s an example:
Jane really wanted this beautiful new necklace. Its retail value was $50 and it required 2 quarters to bid. Jane had two paddles, numbers 6 & 104, and since she REALLY wanted the necklace she put four quarters in the bowl (two quarters per paddle) and raised both. The announcer called her first number, “2.” Joe had 2. He didn’t bid on the necklace so he hollered out, “No bid.” The announcer called the next number, “104.” “Right here!” yelled Jane. The necklace was hers! So, for a $50 item, Jane won it for just quarters.
Still muttering to yourself, “What the heck is a quarter auction?” To sum it up, quarter auctions are good, clean fun and they don’t require a lot of money to play! Check your local papers or craigslist.com to see if there are any auctions in your area.