To: AngrySpud
"19th-century steamer, which sank without a trace while carrying 200,000 gold coins"
I assume they are using collectible value rather than weight value for the coins, since 150M in bulk gold is roughly 400,000 ounces, and the largest US coins made were 1 oz.
I wonder how much of the recovered gold will be allowed to return to the market, and how much will be locked up (i.e. not displayed) never to be seen again, never to return to the economy?
To: WoofDog123
My guess is that most of these will come to the market. They will be marked up far above their boullion value (of course) but let's see. It might be fun.
14 posted on
08/17/2003 3:35:17 PM PDT by
BenLurkin
(Socialism is slavery)
To: WoofDog123
The article I read in todays newspaper said 20,000 $20 gold pieces, not 200,000. Makes a difference I guess.
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