Coins acquired by Tom Noe to be auctioned
Published March 21st, 2006
Coin dealers will get their first public shot today to buy the coins and currency acquired with state money by Tom Noe.
An estimated 3,400 items will be on display in an undisclosed Columbus location where bidders can check out pennies, nickels, dimes, quarters, dollars — even $10,000 bills. Sealed bids are due March 29.
But the winning bid must exceed $7.5 million. That’s the amount offered by Spectrum Numismatics, which had managed the Noe fund that had initially purchased the items that are now at auction.
The collectibles represent the biggest portion of the coin funds offered since they were liquidated last May amid allegations that Mr. Noe illegally took money from the funds.
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