Over the last few years, some investors have shifted money from the stock market into coin collections. "They have good rates of return -- not as good as when we were riding the Internet bubble, but the coin market hasn't burst," said Arnold-Peter C. Weiss, a surgeon in Providence, R.I., who has played both markets.What is the ethical basis of such an investment policy?
Dr. Weiss said he had taken "a big hit" on a few dot-com investments. But he has done well, on paper, at least, in coin investments. In 1998, he bought a type of ancient Greek silver coin, minted by the city-state of Megalopolis and featuring the head of Zeus, for $60,000. It fetched about $200,000 last year at an auction at Bank Leu in Zurich, Dr. Weiss said.
Discussion of the archaeological ethics surrounding the collecting of antiquities and archaeological material.
Monday, 16 January 2012
Coins as investments
The raid on a dealer at a Numismatic Convention begins to get interesting. In 2002 the New York Times (October 27, 2002) carried a story by Bernard Simon, "Coin Trade Becomes More Like A Market".
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