Gyroscopic Investing

Man's best friend.

Nearly all of the 1,427 coins, dating from the gold rush of 1847 to 1894, are in uncirculated, mint condition.

http://www.thestar.com/news/world/2014/ ... coins.html

And yes, there's a typo in the text. I think they mean 1870s.

I think my boat sank near there...

Is most of the value... I want to say numismatic?

[quote=dragoncar]Is most of the value... I want to say numismatic?[/quote]

About $1.8 million in gold, based on the $27,000 face value.  So, yeah.  Mostly numismatic.

I need to get a dog.

I think $10MM may be an underestimate considering that quite a few of those are "finest known specimens" or tied for finest known.

[quote=Libertarian666]I think $10MM may be an underestimate considering that quite a few of those are "finest known specimens" or tied for finest known.[/quote]

And this is why you don't want to go all in on MS-69 Double Eagles or the "finest known specimens" of any coin.  There is always the possibility that someone will dig up great-grand dad's jar full of $20 gold pieces that he buried in the back yard back in '06 (19 aught-six, not eight years ago).

Although I suppose this could be some sort of tungsten-flavored hoax...

WildAboutHarry wrote:

Libertarian666 wrote:I think $10MM may be an underestimate considering that quite a few of those are "finest known specimens" or tied for finest known.

And this is why you don't want to go all in on MS-69 Double Eagles or the "finest known specimens" of any coin.  There is always the possibility that someone will dig up great-grand dad's jar full of $20 gold pieces that he buried in the back yard back in '06 (19 aught-six, not eight years ago).

Although I suppose this could be some sort of tungsten-flavored hoax...

I would say it is very unlikely to be a hoax, having been authenticated by expert numismatists. They are pretty hard to fool.