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Brasher Better than Gold Bullion
January 15, 2014

On Friday I wrote about the sale price of Walter Perschke’s Brasher doubloon on Jan. 9 at the Platinum Night sale conducted by Heritage Auctions.

It brought $4,582,500. When Perschke bought it in 1979 he paid $430,000. It produced a very nice profit.

This works out to a compound annual gain in price of 7.1 percent a year over the course of the 34.5 years that he owned the famous coin.

This morning I thought it would be interesting to see what the result might have been if he simply had bought gold bullion rather than a famous gold coin with his $430,000.

Full Story

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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