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Two famous rare coins give title to decree for $7.87 plus Million

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On January 9, 2014 Heritage Auctions ended an auction on a 1787 Brasher Doubloon with the EB on the wing and one of five 1913 Liberty Nickels specimens the coin that appeared on an original ‘Hawaii Five O’ 1970 episode.

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Would Jesus Christ be upset with the spending of so much money on two coins? Our Government leaders need a lesson in true charity. Read on...

The Brasher Doubloon coin brings $4.58 million with an original denomination value of $16, famous by reference in a book by Raymond Chandler, a Hollywood movie and once showcased at the 1964 World Fair in New York City. The 1913 Liberty Nickel brings $3.29 million at the Orange County Convention Center in Orlando, Florida.

This ‘Fun’ auction by Heritage Auctions to break record as the highest grossing coin auction of all time currently recorded as $55 million expected to exceed $78 million.

The purchase price of two numismatic rare coins that have a nominal denomination value of $16.05 for $7.87 million appears as strictly conspicuous consumption by most people. Serious coin collectors spend most of their lives dreaming about owning or even holding and looking at either coin under a magnifying glass for a couple of minutes.

Now you may be thinking that providing you had that kind of money it wouldn’t be spent on two coins. Most likely the new owner or owners of these coins didn’t want to spend that much either, but market forces through the auction method of marketing whereby competitive bidding takes place commanded or decreed $7.87 million for these two famous coins.

Just look at an alternative system to capitalism which we are having an oppressive taste of right now. Think logically Communism and "Unfettered Socialism" - "Socialism where the main planks of the communist manifesto have been adopted", term defined by Louis Pinga, "forces people into poverty not Capitalism." A good reading resource would be "The Commie Lesson" by the Erwin Rommel School of Law.

According to an article Russia's Flat Tax Miracle by Daniel Mitchell, PhD, the Russians were smart enough to embrace a Flat tax of 13 percent and a corporate tax of 24 percent. Small businesses are given a break in Russia opting to pay 6 percent tax on their gross revenue or 15 percent tax on their net profit.

The Russians have provided a path to building capital and wealth by creating a disincentive to operating a business or working extra legally. The USA, Russia and the rest of the world should consider transforming their systems into ownership societies.

The capitalist or capitalists who bought these coins may opt to provide for the common good by showcasing these coins with the American Numismatic Association Money Show traveling museum for a certain amount of time.

Jesus Christ didn’t hate people with money. Jesus Christ chose to hand the keys to the Kingdom of God to St. Peter. St. Peter owned a fleet of fishing boats in Galilee and possibly may have been the wealthiest Apostle. St. Peter did not want the honor of being crucified like Jesus Christ by dying on a cross upright, so he requested that he be crucified upside down.

Jesus Christ did teach us that it is difficult for a rich man to enter the Kingdom of God. However, The Holy bible teaches us that Jesus Christ said, with God all things are possible.

In order for the rich man to enter the Kingdom of God Jesus Christ teaches us they must be detached from money and be good stewards of their wealth. This means being charitable especially for those in poverty or less fortunate than themselves.

KJV John 12:3 "Then took Mary a pound of ointment of spikenard, very costly, and anointed the feet of Jesus, and wiped his feet with her hair: and the house was filled with the odour of the ointment.The apostles objected because the spikenard was worth more than one year of wages."

Spikenard are essential oils worth more than its weight in gold.

Jesus said to leave Mary alone because they will always have the poor with them. The women was probably preparing Jesus Christ for burial and anointing him as her Messiah.

One way our leaders in Washington, DC can be charitable is by embracing redistribution of opportunity or liberal economics; a good economics book to read outlining the problems with our current system is "The Road to Serfdom" by F.A. Hayek. Whereas, a good economics book to read of where we should consider reformation is "Small is Beautiful" – "Economics as if people mattered" by EF Schumacher...

Professional Coin Grading Service has a 10 day free trial offer for coinfacts.

Enjoy this article? Click subscribe for breaking news on numismatics and Personal Finance by Louis Pinga your West Warwick Coins Examiner. You may unsubscribe at any time. FTC disclosure - PCGS Professional Coin Grading service has granted me permission to use their coin photograghs.



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