The E-Sylum:  Volume 8, Number 53, December 18, 2005, Article 17

AUCTION ACTION: 1927-D $20 SELLS FOR RECORD $1.89 MILLION

The News-Tribune of Tacoma, WA published a lengthy
story on Todd Imhof of Pinnacle Rarities and his recent
purchase of the a 1927-D double eagle.

" "I was as relaxed as I could be," Imhof said. Employees
and trusted friends sat nearby, ready to identify the
other bidders for Imhof.

Up came the 1927-Denver $20 gold piece graded as mint-state
67, a pristine example, one of the finest known.

"I was - not nervous - but a little bit confused,"
Imhof said. "It opened higher than I thought it would."

"I have an opening bid of $1.6 million," said the
auctioneer. It was an Internet bid, not from someone
in the room.

No one spoke.

A bit befuddled, Imhof indicated an advance to $1.65
million - or, with the buyer's premium fee, a total
of $1,897,500.

"It suddenly got quiet, very unusual," Imhof said.
"I anticipated a small war."

No battle arose. The gavel came down. Applause rolled
through the room.

"It was surreal. It was the most I'd ever spent on
a coin," Imhof said."

To read the complete article, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

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