Very interesting. Thanks for posting. Over 4 million USDs. I was suprised that there were no counter bids. Either the auction caught folks by surprise, or the pockets were running thin on the normal population of bidders for such a treasure. To be specific, I was surprised that the coin sold at melt value, and not at a premium. I think it is a cool looking piece. I wonder who has possession of the other five produced by the mint?
I would rather have the weight of that coin (220.5 lbs.) in key date, semi-key date & proof coins from every year and/or mm for all denominations struck since pre-colonial days. Chris
Yes, but it is in limited quanity. Like you, I would rather behold a few other types of specialities, such as MPC Replacement notes in PCGS 69, or a few Period 1 & 2 MS64 California Fractionals at R7, and R8. For the buyer, it seemed like a good purchase. If I were them, I would start charging for tours - set up a touring site and store, and take a business write off. I think some folks would travel far to see that baby.
I'm surprised several uber rich didn't bid it up. OTOH, the lack of bids could reflect the state of the international economy
The sales price reflects the following fact : 100% of the value of that piece is its bullion. It has 0% numismatic premium. I see no reason why that coin would ever attract a numismatic following, but hey... stranger things have happened.
Well said. In the end it is sort of a novelty item, cool to look at but only worth what it is made of which is usually not much - just so happend that in this case it's made of 220.5 pounds of gold
I believe I read in other articles that Queen Elizabeth has one and the others are owned by some rich Arabs. I'm surprised this thing only sold for melt btw.:bigeyes:
I agree that it is Numismatically worthless and only worth its bullion... The only thing it has going for it, is that it is the largest gold coin in the world, which still only makes it a target to be topped at some point.
