Assuming that each of the following is required to be reported at "fair value" in accordance with US GAAP, which of the following is NOT likely to be reported as "Level 1" within the Fair Value Hierarchy?

A.100 shares of Apple common stock. The shares of Apple have fluctuated by 30% in both directions over the last twelve months, which is the most volative of the four investments included in this question. B.A $1,000,000 US Treasury Note which matures on December 31, 2022. Since current interest rates are low, the note currently trades "above par". C. A "One Ounce Gold Coin", which is of no interest to collectors and thus is worth the value of the underlying gold content. D. A one-acre, undeveloped piece of property in the Northern suburbs of Chicago, which has 100 feet of frontage on Lake Michigan. Many individuals would be interested in purchasing such a property, but similar properties only show up in the market place about once every two years.