Arithmetic for Reporters

ARITHMETIC FOR REPORTERS….Associated Press reports that the Mint has seized ten 1933 Double Eagles from a dealer who turned them in to determine their authenticity:

The coins, which are so rare that their value is almost beyond calculation, are public property, [said David Lebryk, acting director of the Mint].

….In 2002, Sotheby’s and numismatic firm Stack’s auctioned off a 1933 Double Eagle coin for $7.59 million, the highest price ever paid for a coin.

That’s “almost beyond calculation”? Looks to me like they’re worth about $75.9 million, right? Not so hard after all….