Friday, June 25, 2010

100 Kg Maple Leaf Coin Sells For $4.02 Million

The sale of that coin, one of only five made, has captured the imagination of the gold world. Its former owner, busted for fraud, had to sell it. Interestingly, the winner got it for the spot price, which fits with a distress auction. The winning 3.27 million euro bid did not include a fee to the auction house. The winner, Oro Direct Sale S.L.U., is a gold seller from Spain - so the coin might be placed on the market again, with a mark-up.

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