TEHACHAPI, CA.- On Jan. 1, 2012, California-based Government Auction will host its seventh annual New Year’s sale, featuring rare gold coins, fine jewelry and gems; art and antique music machines. More than two million dollars in merchandise will be sold to the highest bidder at the event, which is structured as an absentee, phone and Internet auction, with Internet live bidding available through LiveAuctioneers.com. The company traditionally reserves for its annual New Year’s sale only the best and most valuable items in its inventory. “It takes a lot of time to prepare for our New Year’s auction, but it’s always worth it. Collectors love it because most of the lots have no reserve and start with an opening bid of only one or two dollars,” said Chris Budge, of Government Auction’s Marketing department. A strong candidate for top lot of the 2,000-lot sale is a 1795 13-leaves $10 g