How will they sell it or cash in on such a rare piece? The museum says the coin is in the Guinness Book of Records for its purity of 999.99/1000 gold. It has a portrait of Queen Elizabeth II on one side and maple leaves on the other. It was unclear if the coin has already been "deposited" at one of the numerous central or commercial bank vaults who have experienced a dramatic drop in physical gold inventory as much of the yellow metal has moved to China and various private vaults in recent years, and duly replaced by mere paper claims on said metal. http://www.smh.com.au/world/100-kg-...tolen-from-berlin-museum-20170327-gv7r3c.html
I was actually asking how gold in this form is converted to money. How will they sell it or cash in on such a rare piece? Should have used different topic header. Melt it down? Sell to a "collector" on the quiet like is done with rare stolen art works? Always wonder how heists of one-off things like a rare diamond etc are moved into market when they are so high profile.
Anyone rich enough to buy it would also be rich enough to just call up a prestigious mint and have them make something like it as a one off special order. That coin is most likely destined for a melting pot somewhere.
Thought this comment was priceless "First place the police should look is in really large gumball machines."
Looks like they found them, and the mega maple was likely melted. https://www.reuters.com/article/us-...nt-gold-coin-from-berlin-museum-idUSKCN1P41KM