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How does the bounty system work?

I'm feeling a bit inadequate because I've searched the FAQ and Meta and still cannot figure out how to award bounties to questions I have not posted. I have found multiple questions implying that this is possible, and advice such as "Simply go to the question, start a bounty, select the amount of rep you want to donate." But which button, icon or right-clickity incantation do I need to see that I currently am overlooking?

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marked as duplicate by BalusC, animuson, Manishearth, hims056, Lance Roberts Dec 31 '12 at 4:49

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

Which question are you trying to award? I think there is a minimum age it has to be before bounties can be awarded. – d-_-b Dec 31 '12 at 1:43
The option appears two days after the question has been asked and only when you have atleast 75 rep. Check… for more details – Josh Mein Dec 31 '12 at 1:43
I have >50K rep on SO. I have checked that meta-answer. Still unable to figure this out. As a concrete example I go to this page:… ... where/what should I be seeing that I can activate/click/whatever to allow me to add a bounty (not that I want to for this question, but it is one that is over 24 hours old). – DWin Dec 31 '12 at 2:45
The Start a Bounty Link appears below the comments – Josh Mein Dec 31 '12 at 3:06
The supposed answer to the supposed "duplicate" stated : "To start a bounty, click on the "start a bounty" link at the bottom of an eligible question." I had looked at the "bottom of the question" which I took to mean the area that had the "edit" button, but I had not looked at the "below the comments" – DWin Jan 5 '13 at 2:20
up vote 2 down vote accepted

The option to start a bounty appears below the comments, but it only appears after 2 days of the posting of the question. Below is a screenshot of the option available for the question you linked as an example.

enter image description here

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Sigh. There it is. Must have breezed over it several hundred times. Thank you. – DWin Dec 31 '12 at 3:38

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