Monday, March 09, 2015

Too Much Funny Money Sloshing Around: Rare Coin might Fetch $10 Million

I think there is just too much FED helicopter money flying around and this is the kind of thing that makes me thing that.
A rare five-dollar gold piece and a prized silver dollar each could fetch $10 million or more in upcoming auctions, making the American rare coin market as attractive, though not nearly as glamorous, as fine art.
Sales of rare U.S. coins reached a record of nearly $536 million last year, and now collectors are turning to the D. Brent Pogue Collection, which could boost it higher.
Yeah people are paying millions extra for rare art and cars. That certainly means that there is a bubble forming somewhere. Hopefully I will be 100% cash when the thing finally bursts.

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