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BUYER SPENDS BRIEFCASE OF KRUGERRANDS ON A HOUSE
The Herald Tribune of Florida reported on a recent house sale where the buyer paid partly in gold coins. -Editor.On Monday, Realtor Kim Ogilvie closed a deal with a very interesting twist.
A golden one to be exact.
The buyer of a downtown Sarasota residence that sold for more than $1 million brought a briefcase filled with $400,000 worth of South African Krugerrands to the closing -- that is about 444 of the gold coins. A foreign coin expert was at the closing and verified the coins' authenticity and weight.
"This was a first," Ogilvie acknowledged, adding in Realtor fashion: "It really shows you the depth to which buyers will go to use their resources to acquire properties they think are well-priced."
Despite the big push by Realtors regionwide for international buyers -- and, of course, the foreign-born Krugerrands -- both the buyer and the seller were Americans.
Wayne Homren, Editor
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