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<p>[QUOTE="Midas, post: 49258, member: 2761"]My son, always searching everybody's loose change, found a 1972 DDO Lincoln in circulation that was certified by PCGS at AU55 and later sold on ebay for $280...a huge profit for a kid that was only 9 at the time.</p><p><br /></p><p>Fueled that a cent can be worth dollars, the 1909-P Lincoln he took to school was for the sole purpose of showing his lunch table buddies, "Look what I got!"</p><p><br /></p><p>When offered the $20 for that 1909-P Lincoln, he realized that what is worth only "X" dollars to him maybe worth "X+1" dollars to somebody else. Even at his young age he understands that everything he sells doesn't yield huge profits. For instance, my dad works at a golf course and finds hundreds of "lost" golf balls throughout the course. He gives them to my son and suggested he should sell them. So here is this 10 year-old with a box of golf balls sitting near the 10th tee selling used golf balls for a $1 each. He made his own "4 Sale" sign and everything. He didn't sell hardly any. He asked me why and I explained that maybe his price was too high (expecting too much profit) and he should sell them for 50 cents or 3 for a $1. Also, I told him he would sell more if he cleaned the balls and made them like new.</p><p><br /></p><p>Next week comes along and the kid makes over $50. He also learned a lesson in supply and demand along with that he can't sell something for whatever he wants. He also learned that brand names like Titlest sold faster than others making him think that he can charge more for Titlest golf balls than others.</p><p><br /></p><p>It sure beats paying him an allowance as he is already learning life's lessons.[/QUOTE]</p><p><br /></p>
[QUOTE="Midas, post: 49258, member: 2761"]My son, always searching everybody's loose change, found a 1972 DDO Lincoln in circulation that was certified by PCGS at AU55 and later sold on ebay for $280...a huge profit for a kid that was only 9 at the time. Fueled that a cent can be worth dollars, the 1909-P Lincoln he took to school was for the sole purpose of showing his lunch table buddies, "Look what I got!" When offered the $20 for that 1909-P Lincoln, he realized that what is worth only "X" dollars to him maybe worth "X+1" dollars to somebody else. Even at his young age he understands that everything he sells doesn't yield huge profits. For instance, my dad works at a golf course and finds hundreds of "lost" golf balls throughout the course. He gives them to my son and suggested he should sell them. So here is this 10 year-old with a box of golf balls sitting near the 10th tee selling used golf balls for a $1 each. He made his own "4 Sale" sign and everything. He didn't sell hardly any. He asked me why and I explained that maybe his price was too high (expecting too much profit) and he should sell them for 50 cents or 3 for a $1. Also, I told him he would sell more if he cleaned the balls and made them like new. Next week comes along and the kid makes over $50. He also learned a lesson in supply and demand along with that he can't sell something for whatever he wants. He also learned that brand names like Titlest sold faster than others making him think that he can charge more for Titlest golf balls than others. It sure beats paying him an allowance as he is already learning life's lessons.[/QUOTE]
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