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Coin Report

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more than $218,000 for an NGC graded Proof 67 1908 $10 Indian. The very<br />

same coin was previously sold in a Heritage auction for $69,000 on July 8, 2011.<br />

Much of the material involved is high-end Mint State Morgan Dollars and Proof<br />

US issues. The impact this dealer’s purchases have had on the US market is<br />

unknown, but coins worth several million dollars have allegedly been sold to<br />

Asian investors at similar price levels and an effort is being conducted in Asia to<br />

expose those abuses’<br />

C 2014 Shoichi Kaneshiro 22

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