“Not gold futures. You need physical gold,” Bass declared to Lewis. When the author asked Bass what investment advice he would offer to his mother, the reply was a blunt “Guns and gold.”
The Nickel-Hoarding Billionaire
by Al Doyle
May 15, 2013
magine being very wealthy – possibly a billionaire according to some accounts. If a person had that kind of capital, what coins would they buy?
At a minimum, some rolls of $20 Libertys and Saint-Gaudens would make a nice stash for a high roller. If rare coins are sought, anything from U.S. Mint issues of the 1790s to condition census rare dates in various series are definitely a possibility.
What if the wealthy numismatist was interested in nickels? The 1913 Liberty 5-cent piece that recently sold at auction for $3,172,500 is definitely the kind of trophy that attracts big bidders. Dallas-based hedge fund manager Kyle Bass has a serious interest in nickels, but he takes a dramatically different approach than what might be expected.