Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, March 30, 2010

Exchange Your Dollars for Coins

Reeded-edgeAre you a trustee or the representative of a wealthy client looking for a good investment in a less-than-ideal economy?  Perhaps you should exchange your dollars for coins.

During the final months of 2009, a rare reeded-edge penney from 1795 sold for over one million dollars.   According to Madhusmita Bora, Keep your Change: Rare coins fetching top dollars, Walletpop, Nov. 24, 2009, collectible coins may be an alternative to riskier investments:

Apparently wealthy investors, anxious about a spiraling dollar and future inflation are bidding up prices for rare coins. They feel more secure about putting their money on these coins than investing in stocks and bonds.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this to my attention.


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I have a better "investment": Beanie Babies! They are cute, loveable, and have a great deal of intrinsic value. Since the will never depreciate in value, they are a great hedge against the fluctuations of high risk corporate securities.

Posted by: Ion | Mar 30, 2010 2:30:13 PM

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