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Salomon Brothers Report
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The Salomon Brothers Report
In the 1970s and 1980s the prominent Wall Street investment firm Salomon Brothers (the name has since been absorbed by a series of mergers) published an annual survey of investment performance which compared the relative performance of a wide variety of investment and collectible categories, including stocks, international stocks, bonds, real estate, farm land, Old Masters paintings, Chinese porcelain and, of course, rare coins.
Frequently, the Salomon Brothers survey showed rare coins at or near the top of investment performance, outpacing all, or most, other categories surveyed.
The coin portfolio used in the Salomon Brothers Survey included 20 coins; all graded "Brilliant Uncirculated," the equivalent of Mint State (MS) 63 today. It is important to note that coins in the MS63 grade are generally not as rare as higher grades and therefore are not at the top tier of coin investment performance.
Independent experts have continued to track these coins and the long-term data indicate that this relatively modest coin portfolio has outpaced the S&P 500, the Dow Jones Industrial Average and gold bullion.
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