Skip to comments.
World's biggest gold coin fetches over 3 million euros
YahooNews ^
| Jun 25, 2010
| Alexandra Zawadil
Posted on 06/26/2010 6:06:11 AM PDT by One_Upmanship
VIENNA (Reuters Life!) – A Spanish precious metals trading company bought the world's largest gold coin for 3.27 million euros ($4.02 million), its exact material worth, from the estate of an insolvent investment firm at a rare auction in Vienna on Friday.
The 100 kg (220.5 lb) piece, one of only five Canadian $1,000,000 Maple Leaf coins the Royal Canadian Mint has ever produced, was snapped up immediately in a written bid from ORO direct, a gold trading company based in Madrid.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy
KEYWORDS: gold; goldbugping
Navigation: use the links below to view more comments.
first 1-20, 21-32 next last
Its purity is 99.999 percent, the purest type in the market.
To: One_Upmanship
Is that a maple leaf in your pocket or are you happy to see me?
2
posted on
06/26/2010 6:08:01 AM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: cripplecreek
Darn. PM Harper promised it to me.
To: One_Upmanship
Think of all the bubble gum you could get with that!
4
posted on
06/26/2010 6:11:59 AM PDT
by
chuck_the_tv_out
( <<< click my name: now featuring Freeper classifieds)
To: One_Upmanship
Interestingly, it sold for a minimal premium over spot price.
5
posted on
06/26/2010 6:13:00 AM PDT
by
Atlas Sneezed
(Anything worth doing, is worth doing badly at first.)
To: One_Upmanship
6
posted on
06/26/2010 6:14:01 AM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: chuck_the_tv_out
Wait until December
To: Beelzebubba
To: Beelzebubba
Why would there be any premium? In the real world that means nothing.
With coins, there’s a premium for various reasons like a lot of buyers think, if the shtf, people will recognize the quality of that over a random lump of gold.
It doesn’t apply to something like that. It’s just gold. No collectors dumb enough to pay a premium.
9
posted on
06/26/2010 6:18:18 AM PDT
by
chuck_the_tv_out
( <<< click my name: now featuring Freeper classifieds)
To: Beelzebubba
Interestingly, it sold for a minimal premium over spot price. How long until it is melted down?
10
posted on
06/26/2010 6:20:33 AM PDT
by
killjoy
(Life sucks, wear a helmet.)
To: chuck_the_tv_out
Why would there be any premium? In the real world that means nothing.
The manufacturing of something that pure and that well-crafted isn’t cheap, where there is only one made.
But the buyer probably did pay a substantial premium in the form of the auctioneer’s commission.
11
posted on
06/26/2010 6:21:45 AM PDT
by
Atlas Sneezed
(Anything worth doing, is worth doing badly at first.)
To: One_Upmanship
I bet Dansco doesn’t have an album for that!
12
posted on
06/26/2010 6:22:23 AM PDT
by
PLMerite
(Ride to the sound of the Guns - I'll probably need help.)
To: One_Upmanship
220 POUNDS of gold ... wow!
13
posted on
06/26/2010 6:22:34 AM PDT
by
ikka
To: ikka
Pocket change. Gotta get a bigger belt to hold up my pants.
14
posted on
06/26/2010 6:26:45 AM PDT
by
eggman
(Grab a mop Mr. Gibbs! Your boss is making another mess.)
To: Beelzebubba
Somebody made a buck off it or there would have been no point in selling it.
15
posted on
06/26/2010 6:27:18 AM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: One_Upmanship
The Queen ain’t looking too good on that coin.
16
posted on
06/26/2010 6:27:54 AM PDT
by
Lockbar
(March toward the sound of the guns.)
To: ikka
I saw it at the PDAC convention in Toronto 3 years ago - it’s not huge, but certainly golden as all get out!
17
posted on
06/26/2010 6:28:06 AM PDT
by
headsonpikes
(Genocide is the highest sacrament of socialism - "Who-whom?")
To: Lockbar
I agree. As a coin it’s got zero added artistic value.
18
posted on
06/26/2010 6:35:29 AM PDT
by
agere_contra
(Obama did more damage to the Gulf economy in one day than Pemex/Ixtoc did in nine months)
To: PLMerite
It would make a great manhole cover.
To: Lockbar
Take that back! You're talkin' about the Queen Mum!
Navigation: use the links below to view more comments.
first 1-20, 21-32 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
