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If I pose a question and receive a number of responses to it, I can obviously upvote answers and accept an answer. Is there a mechanism for awarding special recognition to an exceptional answer? I have in mind setting a bounty and immediately awarding it.

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You can manually award a bounty to any answer; however, you must wait a bit (a day?) after setting the bounty before awarding it.

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    If you're worried about unfairly holding out a carrot to new answers while you wait that day, you could put a comment on the answer explaining the bounty (and perhaps delete that later). In fact, for older questions that are seemingly answered, it's probably always a good idea to leave some similar kind of comment.
    – Gnome
    Commented Nov 8, 2010 at 13:27
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    You also cannot award a small bounty to an answer if the question already had a larger bounty on it.
    – RomanSt
    Commented Aug 4, 2012 at 10:45

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