Scarcity bonanza for Noble.
Investors Chronicle - magazine and web content, May, 2009
Byline: Nigel Bolitho
There's big demand for Noble's gold coins - and the bigger the better.
Investors need to have a diversified portfolio and it's clear from the latest Noble Investments' results that many of them buy alternatives. That was particularly good news for Noble in 2008. Last November the company earned mega commission when it sold four "excessively rare" Russian coins for GBP2.1m and once the property of Grand Duke Georgii Mikhailovich, the 19th century cousin of Emperor Alexander III. A unique 20 rouble coin issued in 1755 during the reign of Elizabeth the Great fetched (after buyer's premium) no less than GBP1.78m, a world record for a non-US coin.
But it's the retail division that earns some 80 per cent of annual income and...
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