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The E-Sylum:  Volume 9, Number 9, February 26, 2006, Article 28

WALL STREET JOURNAL NOTES RISE IN GOLD COIN PRICES

The Friday February 24 issue of The Wall Street Journal
included a short article about the rise in numismatic gold
prices, mentioning recent sales of the Brasher Doubloon and
the 1927-D double eagle:

"Rising global gold prices are giving a Midas-like boost
to collectible gold coins."

"If it's a gold coin, we can't keep it on the shelf," says
Greg Roberts, president of the North American coin division
of Escala."

"Tory Prestera, an eye surgeon from San Diego, started
collecting coins two years ago and says gold's high price has
encouraged him to add more gold coins to his collection. One
recent purchase: An 1898 gold piece that cost about $135,000.
He stores the real thing with the rest of his collection in a
bank-deposit box, but keeps a photo of his favorite as his
computer screensaver. "My wife isn't too impressed," he says.
"But to me it's like looking at treasure."

To read the full article (subscription required): Full Story

  Wayne Homren, Editor

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