New Auction Site: ONE OVER SPOT


Silver Stock Report

by Jason Hommel, November 4th, 2010

The Silver Market Manipulation on COMEX became so obvious two years ago, that it inspired the creation of a new silver & gold market platform, "One Over Spot", opening on November 5th at 6PM (EDT).

The new auction site for precious metals is called "One Over Spot"  That's the name, because they charge listers only 1% over the final auction price for the listing.

Unlike any other auction site I've seen thus far (except for ebay), "One Over Spot" is open to all potential sellers.

But Ebay is becoming increasingly hostile to bullion transactions, given the trouble with chargebacks on credit cards, and the high transaction fees that range from 5 to 15%.

Who are the developers behind One Over Spot?  I helped inspire it, and helped with consulting, and received shares.  One Over Spot, Inc., was founded by Bob Davidson and Kurt Larson, two entrepreneurs with over 60 years of management and engineering experience between them. All of the Web site and trading platform code was written by their Senior Developer, Brian Poteat.

One Over Spot was developed in response to my article two years ago: 

The World Needs a Free Market in Silver

One Over Spot is offering readers of the Silver Stock Report a discount of 50% off your first transaction fee. Enter the promo code JASON at the bottom of the item information page when you create your listing and the fee will only be 0.5% when your listing closes with a winner.

 Use One Over Spot?:


1)      Lowest Auction Fees

There are no listing fees! Listers pay a Transaction Fee of just 1% on the winning bid or purchase.

2)      Member Verification

Four separate verification systems and an Advanced Fraud Detection Suite together form a tough defense to keep out fraudsters.

3)      Anti-Shill Technology

Auction Rewind (TM) prevents both shill and shield bids from affecting the free-market outcome of a fair auction.

Stealth Proxy (TM) makes it practically impossible to determine another bidder's proxy bid limit through experimental bidding.

4)      Comprehensive Feedback

OOS feedback, imported eBay feedback, seller ratings, dispute statistics, account status, canceled listings, retracted bids, suspensions, policy violations, and other statistics.

5)      Soft-Close Auctions

All OOS auctions have scheduled end times, but they cannot officially close until 10 minutes have passed without a bid. This ensures the most accurate final price.

6)      Multiple Auction Types

English forward and reverse, Dutch forward and reverse, Buy Now and Sell Now.

7)      Unlimited Trade Size

There are no account limits on the value or quantity of the items that can be traded.  (Plus discounts for trades over $100,000)

8)      Transaction Security

Extended Validation (EV) Certificate issued by an independently-audited Certification Authority.

Secure credit card transactions using Starfield Technologies 256-bit SSL encryption.

In addition to all of the above reasons, One Over Spot has several significant upgrades already in development for delivery by next year. Dealers will appreciate Variable Reserve (TM), which will allow a listing reserve to track spot price plus custom premium. A language translation service will be added to assist members from foreign countries. In a related service, members who choose to disclose their country of origin can have their username appear in search results for that country. Members who want to keep up with auctions while on-the-go will be able to access One Over Spot using a mobile web access solution. Other planned enhancements include: RSS feeds, remote image hosting, automatic alerts, bulk item uploads, an online store, API service, and more.

Please take a look at, and sign up.


I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can.  The fundamentals indicate rising prices for decades to come.

Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends.

JH MINT & Coin Shop, Grass Valley, CA -- minimum $2000 order for free shipping, USA shipping only.
(530) 273-8175
For Online Sales, call Kerri: (530) 273-8822  

See also my Mom's Silver Shop in Sacramento, CA
3510 Auburn Blvd., #12
Sacramento, CA 95821
(916) 481 5656
(Mom will ship with no minimum order size, and overseas, and take credit cards and paypal.)


    Jason Hommel 
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    For the Biblical case for the benefits of using honest money, see