Wanna Dive Into a Money Pit? Here’s Your Chance!

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JamesEdition — essentially the rich man’s eBay (EBAY) — is auctioning off a Swiss safe filled with 8 million Swiss coins.

The vault, located in Basel, Switzerland, holds roughly U.S. $450,000 worth of 5-cent Rappens. And while the winner of the auction will be able to relocate the Swiss safe to their destination of choice … well, they’ll have to move 15 tons of coins along with it.

The auction’s proceeds will go to a fairly interesting benefactor. From BusinessInsider:

“Money from the sale of the vault full of money will go to support ‘Generation Basic Income Initiative,’ who say they will use the money to ‘promote the idea of the basic income worldwide and especially in Switzerland.'”

Generation Basic Income Initiative previously dumped the coins in front of Parliament several months ago as part of their advertising campaign.

Let’s be honest: All of us have dreamed about swimming around in a safe of gold like Scrooge McDuck. Of course, the thing potential deep-gold divers should probably consider is that, unlike water, coins are hard.

So wear your goggles.

Even if swimming in the vault isn’t your cup of tea, it does have several other redeeming qualities (you know, besides the $450,000 in coins).

According to JamesEdition, the Swiss safe was first constructed in 1912 and contains 1,619 deposit boxes. The safe and the deposit boxes, which are made of steel and brass, are handmade, and all of the keys for the boxes come with the safe.


Article printed from InvestorPlace Media, https://investorplace.com/2013/12/james-edition-auction-swiss-safe-full-gold/.

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