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.
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