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1652 Pine Tree Shilling, Authenticated!
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<p>[QUOTE="jaceravone, post: 1728185, member: 9474"]I have mixed feelings about this as a coin collector and an investor. First, based on the OPs 10 posts, it doesn't sound like this young man is a collector although he doesn't appear to share otherwise. The coin collector in me screams to keep the coin. It is a classic rare coin that so few can possess and many of us wish we had. Here is this young man, at 16 years of age who has a genuine rarity that was found in a "junk" box of coins. This is something that we only dream of. But as the coin collector in me screams to keep the item, if he is not a coin collector then why keep it when someone who is, can add such a wonderful coin to their collection. The investor side of me has to think that at 16, this young man doesn't have any debt or bills that urgently need to be paid. He even said that he didn't need to sell it. So why sell it? If it was worth $1800-3000, this would only go up in value down the road. I can only hope that the money is put away and used for a future college fund and not blown on other stuff. Unfortunately, you don't have to be 16 years old to be tempted to blow through the money. I have seen this way too often when someone comes into money and blows through it in weeks. I can give countless examples of my brother and my wife's cousin who are both down on their luck, came into a good amount of money and did not have the know how to save for the future. Both blew through their funds like the world was ending tomorrow and are now more broke then they were before. I hope this is no the case and that this young man sees that and puts the money away. </p><p><br /></p><p>Aside from my diatribe above, I still believe that this was a good return on investment as the coin was given to him and the most he has invested into the coin were the grading fees. He sold the coin for $3000 on ebay. Once ebay and paypal take their cut, he should be left with around $2700 or a tad less and minus grading fees probably looking around a tad bit over $2600. I wish I could flip something like that![/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 1728185, member: 9474"]I have mixed feelings about this as a coin collector and an investor. First, based on the OPs 10 posts, it doesn't sound like this young man is a collector although he doesn't appear to share otherwise. The coin collector in me screams to keep the coin. It is a classic rare coin that so few can possess and many of us wish we had. Here is this young man, at 16 years of age who has a genuine rarity that was found in a "junk" box of coins. This is something that we only dream of. But as the coin collector in me screams to keep the item, if he is not a coin collector then why keep it when someone who is, can add such a wonderful coin to their collection. The investor side of me has to think that at 16, this young man doesn't have any debt or bills that urgently need to be paid. He even said that he didn't need to sell it. So why sell it? If it was worth $1800-3000, this would only go up in value down the road. I can only hope that the money is put away and used for a future college fund and not blown on other stuff. Unfortunately, you don't have to be 16 years old to be tempted to blow through the money. I have seen this way too often when someone comes into money and blows through it in weeks. I can give countless examples of my brother and my wife's cousin who are both down on their luck, came into a good amount of money and did not have the know how to save for the future. Both blew through their funds like the world was ending tomorrow and are now more broke then they were before. I hope this is no the case and that this young man sees that and puts the money away. Aside from my diatribe above, I still believe that this was a good return on investment as the coin was given to him and the most he has invested into the coin were the grading fees. He sold the coin for $3000 on ebay. Once ebay and paypal take their cut, he should be left with around $2700 or a tad less and minus grading fees probably looking around a tad bit over $2600. I wish I could flip something like that![/QUOTE]
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1652 Pine Tree Shilling, Authenticated!
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