0:12
Mr crom you recently bought one of the
0:14
rarest gold coins to be offered on the
0:15
market the Brier Deon can you tell us
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about that coin and why you made that
0:19
purchase well you I'll tell you about
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the coin first of all it's the first
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American gold coin met in 1787 by FM
0:26
Brasher uh we know of seven that exist I
0:30
dreamed about this coin it sold in 1979
0:32
when I was in high school uh for
0:34
$430,000 and that price brought two more
0:37
out and then two others sold like 3
0:40
months later and set records again so
0:43
this is you know arguably the world's
0:45
most valuable coin and I feel like uh
0:48
the night that I bought the coin the
0:50
price a lot of people don't understand
0:53
it everybody thought it would sell for
0:54
significantly more I certainly did and
0:56
was prepared to pay significantly more
1:00
but I think it caught some people off
1:02
guard and I happen to know two biders
1:03
that didn't make it thinking there was a
1:06
gold coin going later in the night and
1:07
it sold as the first lot can't explain
1:10
that either but that's not my decision
1:12
but it worked out to our advantage love
1:14
the coin what sort of collection will
1:16
this coin go in well right now it's in
1:21
um you know I want to enjoy the coin a
1:23
little bit this is a piece of Americana
1:25
and a piece of early American American
1:27
history that belongs and transends I
1:30
believe the coin Market it's not a rare
1:31
coin it's a piece of America and and uh
1:33
belongs in a significant collection
1:36
probably belongs in a museum for that
1:37
matter it is the finest known of the
1:39
seven by a long way coin's beautiful and
1:43
what is the Monaco philosophy about rare
1:47
numismatics well history's already
1:49
proven that the fact if you're going to
1:50
own coins if you're look considering it
1:53
as an asset forget that it's just
1:54
something exciting to own obviously it's
1:57
coins for somebody that's very wealthy
1:59
uh um but coins as an asset I mean these
2:02
these coins have proven themselves time
2:03
and time again that that's really where
2:05
you want to be it's like a you know a
2:06
painting do you go buy paintings that
2:09
are run-of-the-mill things or you look
2:10
for an old Master if you're looking for
2:12
asset appreciation you really got to buy
2:15
the best and this is the best as far as
