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<p>[QUOTE=&quot;illini420, post: 899630, member: 19423&quot;]Another thing to remember when looking at the $7.85 million price paid for the coin is that the coin was purchased by a charitable organization.&nbsp; Presuming that the donor to the organzation is a very high income CA resident (approximate 45% combined Fed and CA income tax rates), a deductible donation of $7.85 million would save the donor approximately $3.5 million in Fed and CA income taxes.&nbsp; So the net price paid for the coin (assuming one donor who could deduct the entire contribution) is only about $4.35 million.&nbsp; Doesn&#039;t sound so expensive now, does it???? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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