The E-Sylum:  Volume 10, Number 34, August 26, 2007, Article 19

TELETRADE'S AUCTION FAILS TO SELL GIANT CANADIAN GOLD COIN

Dave Harper reported August 23 that as we predicted, there were
no takers for the Canadian coin that Teletrade spun up their
publicity machine for.  He wrote:

"It wouldn't fit in anyone's pocket."

"Nobody took home the big Canadian $1 million gold coin offered
in Teletrade's Aug. 16 auction."

"‘While the big Canadian coin did not sell it came very
close to the reserve was $2 million, and the bid was up to
$1,950,000," reported Teletrade President Ian Russell.

"The 100-kilogram coin, created by the Royal Canadian Mint
in part to highlight availability of .99999 fine gold in
its Maple Leaf bullion coin offerings, contains more than
$2 million in gold."

"Another example of the 220-pound (3,215 troy ounces) coin
was displayed at the American Numismatic Association convention
in Milwaukee, Wis., Aug. 8-12."

"The piece was put up for bids Aug. 16 to promote a new service,
Teletrade Direct, a way for collectors and investors to purchase
gold, silver or platinum bullion items. Among offerings are
Canadian Maple Leaf and U.S. American Eagle and Buffalo
bullion coins."

To read the complete article, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

The Numismatic Bibliomania Society is a non-profit organization 
promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor 
at this address: whomren@coinlibrary.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum