Interesting Coin World sentence on '33 Saint Gaudens double eagle buyer
RGL
Posts: 3,784 ✭
Ok, someone help me here: The jump of Coin World's front-page article on this record $7.59 million transaction reports:
"A Coin World source indicated the buyer of the 1933 Saint Gaudens double eagle is a collector, but this is the buyer's first numismatic purchase. According to the source, the buyer is listed on the Forbes 400 list of the nation's wealthiest people. The buyer, who also purportedly was willing to bid as high as $12 million on the double eagle, is less than 50 years of age, according to the source."
So, are we indicating this wealthy individual collects other "things," but not just coins, or what? If this is the first coin this person has bought in his life, it would seem to indicate this is investment/speculation, rather than collecting, the buyer has at heart. I would feel a lot better if this guy had plugged circulated double eagles in a Whitman folder as a kid ...
Of course, who knows, this coin could set this person on course to being a serious collector. And, according to the article, he has another $4.41 he "saved" on the '33 to buy other coins ... In his view, he got a bargain! Of course, his "left over" numismatic budget is only about $1.5 million more than I am going to make in my lifetime. Consider that sobering number number for a minute! (Of course, he never will be able to touch me on percentage of income spent on coins ...
)
Sincerely,
A member of Forbes 40,000,000-Plus Middle Class
"A Coin World source indicated the buyer of the 1933 Saint Gaudens double eagle is a collector, but this is the buyer's first numismatic purchase. According to the source, the buyer is listed on the Forbes 400 list of the nation's wealthiest people. The buyer, who also purportedly was willing to bid as high as $12 million on the double eagle, is less than 50 years of age, according to the source."
So, are we indicating this wealthy individual collects other "things," but not just coins, or what? If this is the first coin this person has bought in his life, it would seem to indicate this is investment/speculation, rather than collecting, the buyer has at heart. I would feel a lot better if this guy had plugged circulated double eagles in a Whitman folder as a kid ...
Of course, who knows, this coin could set this person on course to being a serious collector. And, according to the article, he has another $4.41 he "saved" on the '33 to buy other coins ... In his view, he got a bargain! Of course, his "left over" numismatic budget is only about $1.5 million more than I am going to make in my lifetime. Consider that sobering number number for a minute! (Of course, he never will be able to touch me on percentage of income spent on coins ...
)Sincerely,
A member of Forbes 40,000,000-Plus Middle Class
0
Comments
Be careful about posting anything from Coin World here. The heavy-handed, lawyer-threatening jerks at Coin World (this means you William T. Gibbs, News Editor at Coin World) seem to like to claim anything and everything that is in an issue of CW as their own (even if they got the info from other places).
It's best to ignore their second rate rag which is overstuffed with advertisements and instead use Numismatic News.
It seems that you almost need both magazines to keep up with what's goping on.
Hmmm....I was never any good even WITH spelcheck!
TRUTH