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Book Review: Fun While It Lasted by Bruce McNall
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<p>[QUOTE="dougsmit, post: 2033051, member: 19463"]<a href="http://www.amazon.com/gp/offer-listing/0786868643/ref=tmm_hrd_used_olp_sr?ie=UTF8&condition=used&sr=&qid=" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.amazon.com/gp/offer-listing/0786868643/ref=tmm_hrd_used_olp_sr?ie=UTF8&condition=used&sr=&qid=" rel="nofollow">http://www.amazon.com/gp/offer-listing/0786868643/ref=tmm_hrd_used_olp_sr?ie=UTF8&condition=used&sr=&qid=</a></p><p><br /></p><p>I mentioned the availability of this once before but just now finished reading my recently purchased copy. There are still three available used for one cent + $3.99 postage (joke or no joke) and a few more for 4 cents (splurge and buy a new one if you wish). Obviously they are a glut on the used market.</p><p><br /></p><p>The old saying is, "There but for the Grace of God, go I." Bruce McNall's autobiography hits me way too close to home in this respect. I am a very few years older than he but started collecting ancients about the same time and relied to some extent on the same dealer for many early purchases. Young Mr. McNall lived in California and became a fixture in the shop of Joel Malter. I lived in Indiana and bought from him by mail order. We both loved ancient coins. I bought them with my money; whenever possible, he used other people's money - he became a dealer almost before he became a collector. I never did. He became a multi-multi millionaire...</p><p><br /></p><p>In the period in my life when I was earning my highest income (not much, I'll point out), I loved the wonderful sale catalogs of Numismatic Fine Arts. I rarely bid since most of the coins he offered were over my price bracket but the few that I won, I liked. The catalogs were worth more to me than the coins. In the Spring of 1994, NFA issued their last catalog (XXXIII - I won 2 lots and got the prices realized). I found other dealers to supply my habit. Bruce McNall went to jail. <b>Fun While It Lasted</b> is the story of how a boy who loved ancient coins ended up in Federal Prison. </p><p><br /></p><p>Without giving away the whole plot, I'll point out that questionable business practices can be equally questionable whether buying million dollar groups of coins or hundred million dollar race horse/motion picture/pro sports team investments. In every case, Bruce McNall showed a greater interest for how much coins/anything else were worth than what they were. Too often (but, perhaps, not in every case) the same standard was applied to people. I was disappointed that more of the book did not describe specific coin purchase/sales but coins were treated as a commodity no different than a group of anonymous young horses. Quite a bit of attention is devoted to specific movie deals serving to point out that Mr. McNall and I had rather different tastes in the cinema but he was producing them and I was watching them when they came on TV. </p><p><br /></p><p>I enjoyed the book but would not consider buying a new one for $29. At one cent, I guess I can risk enriching (n)either the author or the bankers he still has to compensate by order of the court. I would recommend, however, any reader buy a couple old NFA auction catalogs just to see what was done by someone who considered that business small change compared to Michelle Johnson's body parts or Wayne Gresky's skating. (Yes, that line was put here to attract interest by some of our Canadian friends.) One or two of those things seem to have contributed to the unraveling of this life story. </p><p><br /></p><p>While I feel this post is sufficiently coin related to warrant posting alone, I will add photos of six of my junker coins that I bought from Bruce McNall/NFA while the "fun" was going strong. All these were from one sale in 1990. </p><p><br /></p><p>Taras, stater</p><p>[ATTACH=full]370181[/ATTACH] </p><p>Kroton, stater - bought as a fourree but it is solid and a victim of horn silver which was removed with no skill leaving unfortunate surface problems. This was not the only solid coin I bought as fourree from NFA. </p><p>[ATTACH=full]370182[/ATTACH]</p><p><br /></p><p>You have seen my archaic obol and 3/4 obol before. NFA customers shunned little coins so I won both. </p><p>[ATTACH=full]370183[/ATTACH] [ATTACH=full]370184[/ATTACH] </p><p>I thought the Seleucos 4dr was attractive but other bidders found it too low grade. Most coins offered were nicer than this ... much nicer.</p><p>[ATTACH=full]370185[/ATTACH] </p><p>This is an as. High end bidders seem to want sestertii. </p><p>[ATTACH=full]370186[/ATTACH] </p><p><br /></p><p>This is the place to post any coins you have with NFA provenance.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2033051, member: 19463"][url]http://www.amazon.com/gp/offer-listing/0786868643/ref=tmm_hrd_used_olp_sr?ie=UTF8&condition=used&sr=&qid=[/url] I mentioned the availability of this once before but just now finished reading my recently purchased copy. There are still three available used for one cent + $3.99 postage (joke or no joke) and a few more for 4 cents (splurge and buy a new one if you wish). Obviously they are a glut on the used market. The old saying is, "There but for the Grace of God, go I." Bruce McNall's autobiography hits me way too close to home in this respect. I am a very few years older than he but started collecting ancients about the same time and relied to some extent on the same dealer for many early purchases. Young Mr. McNall lived in California and became a fixture in the shop of Joel Malter. I lived in Indiana and bought from him by mail order. We both loved ancient coins. I bought them with my money; whenever possible, he used other people's money - he became a dealer almost before he became a collector. I never did. He became a multi-multi millionaire... In the period in my life when I was earning my highest income (not much, I'll point out), I loved the wonderful sale catalogs of Numismatic Fine Arts. I rarely bid since most of the coins he offered were over my price bracket but the few that I won, I liked. The catalogs were worth more to me than the coins. In the Spring of 1994, NFA issued their last catalog (XXXIII - I won 2 lots and got the prices realized). I found other dealers to supply my habit. Bruce McNall went to jail. [B]Fun While It Lasted[/B] is the story of how a boy who loved ancient coins ended up in Federal Prison. Without giving away the whole plot, I'll point out that questionable business practices can be equally questionable whether buying million dollar groups of coins or hundred million dollar race horse/motion picture/pro sports team investments. In every case, Bruce McNall showed a greater interest for how much coins/anything else were worth than what they were. Too often (but, perhaps, not in every case) the same standard was applied to people. I was disappointed that more of the book did not describe specific coin purchase/sales but coins were treated as a commodity no different than a group of anonymous young horses. Quite a bit of attention is devoted to specific movie deals serving to point out that Mr. McNall and I had rather different tastes in the cinema but he was producing them and I was watching them when they came on TV. I enjoyed the book but would not consider buying a new one for $29. At one cent, I guess I can risk enriching (n)either the author or the bankers he still has to compensate by order of the court. I would recommend, however, any reader buy a couple old NFA auction catalogs just to see what was done by someone who considered that business small change compared to Michelle Johnson's body parts or Wayne Gresky's skating. (Yes, that line was put here to attract interest by some of our Canadian friends.) One or two of those things seem to have contributed to the unraveling of this life story. While I feel this post is sufficiently coin related to warrant posting alone, I will add photos of six of my junker coins that I bought from Bruce McNall/NFA while the "fun" was going strong. All these were from one sale in 1990. Taras, stater [ATTACH=full]370181[/ATTACH] Kroton, stater - bought as a fourree but it is solid and a victim of horn silver which was removed with no skill leaving unfortunate surface problems. This was not the only solid coin I bought as fourree from NFA. [ATTACH=full]370182[/ATTACH] You have seen my archaic obol and 3/4 obol before. NFA customers shunned little coins so I won both. [ATTACH=full]370183[/ATTACH] [ATTACH=full]370184[/ATTACH] I thought the Seleucos 4dr was attractive but other bidders found it too low grade. Most coins offered were nicer than this ... much nicer. [ATTACH=full]370185[/ATTACH] This is an as. High end bidders seem to want sestertii. [ATTACH=full]370186[/ATTACH] This is the place to post any coins you have with NFA provenance.[/QUOTE]
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