The slim blonde, who calls herself Elizabeth Raine, hopes to make at least £250,000 from a wealthy suitor but warns that "love is not part of the arrangement".
"I do not believe it is a sacred gift that should be reserved for the man I love, nor is it a testament to my honour or virtue"
The 27-year-old has said she wants to make "the sharp transition from virgin to literal whore" in a global online auction, which will start on 1st April.
The "prize" for the highest bidder will be a 12 hour date with the attractive blonde, which will include her first sexual experience.
She explained: "At the ripe age of 27, virginity fits me like a glove. It is unexpected and unconventional, yet exhilarating and empowering. Now, having made the decision to sell my virginity, I cannot imagine losing it in any other way.
"I do not believe it is a sacred gift that should be reserved for the man I love, nor is it a testament to my honour or virtue."
'Elizabeth' has posed in sexy lingerie to promote her blog, called Musings of a Virgin Whore, but is keeping her face hidden to ensure her real identity does not become known.
Speaking on her site, she describes herself in glowing terms, saying: "I am a sensually stunning, highly educated and charismatic American woman who has placed a 12-hour date with me atop the auction block.
"And did I mention I'm a virgin? Yes, that's right; I have made the bold (but not thoughtless) decision to auction off my virginity. I hope you are intrigued!
"My identity will be kept a secret from all but the final bidder. I think you will discover I am a unique, captivating, and truly remarkable young lady, virginity aside.
"I am not under the slightest bit of financial pressure and instead view this to be a practical financial opportunity"
"I am not under the slightest bit of financial pressure and instead view this to be a practical financial opportunity."
She admits that money is her main motivation but says that she is far from short of cash and will donate 35% of her proceeds to a charity that helps educate women in developing countries.
"The potential sums involved are too large to be dismissed.
"Love is not a part of this arrangement. It is only of a sexual and financial nature."
Do you agree - should we stop putting our virginity up on a pedastal and save it for "someone special"? Are you shocked that this young woman is selling herself to the highest bidder in order to make a financial gain? Let us know in the Comments Box below now.