Panda 2003 Frosted Mirror MS-69

Just that it's a relatively low starting bid doesn't necessarily mean it's fake. I thought the principle of an auction was to start at a minimum bidding price, perhaps even have a predefined minimum sales price and let the game commence until a final price has been reached, which can be several times the opening bid. At least, that's how it works here in my little corner of the world...

I can't reach the site from here, so I can't say much about the auctioneer. I don't know what the sales price was when the panda was first released, but as for now, it's opening bid is about 2.5 times the gold value, which is not bad for a bullion round.