Somewhere in California, the world’s most valuable numismatic item lies hidden in a desk drawer — its existence forgotten by its owner for several years.
This gold coin has a value of 1,000 Bitcoins (BTC) and was bought for $4,905 back in December 2011. As of October 4, 2021, its worth is equivalent to a whopping $48 million.
The owner admitted that it “was definitely a stretch to make the purchase” 10 years ago. However, he has no plans to sell it now despite the staggering increase in value.
The owner, who decided to stay anonymous, was deciding on whether to buy the gold coin for $4,905 or buy two gold bars for approximately $4,000. He added that he made the right decision to buy the Bitcoin physical coin at the time.
When I bought the coin for $4,905, I really had no idea what the potential was, otherwise, I would have bought more than one! After the purchase, I forgot about it, leaving it in a desk drawer. That changed in late 2013 when I saw a headline about Bitcoin being worth $1,000, and it hit me that the coin I purchased for $4,905 was suddenly worth $1 million.
It prompted me to work out what Bitcoin was all about, and since that time I’ve been watching it closely. Since the value of the coin increased to $1 million, there were other milestones I remember, such as when it hit the $10 million mark and then again at $25 million.
GreatCollections President Ian Russell, whose client is the 1,000 Bitcoin physical coin owner, said: “This is the greatest return on investment for any numismatic item, a staggering 9,786 times the purchase price.”