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<p>[QUOTE="princeofwaldo, post: 7729894, member: 24091"]Blow all the savings, take a second mortgage out on the house, do whatever is necessary to get the coins you absolutely MUST have! That's how John J. Pittman approached the hobby, and the results are legendary, a collection that will likely never be duplicated. Unlike Eliasberg or the current top whale out of Utah, --both who pretty much had/have unlimited funds--, Pittman was a working stiff who managed his coin purchases such that when he was done, the net proceeds of his collection were probably the greatest % gain over initial investment ever achieved. Pittman was also a pretty good judge of character, calling out Walter Breen as a perv years before anyone else suspected.</p><p><br /></p><p>My own personal advice would be to use discretionary income, and if you exceed your limits and start dipping into what ought to be set aside for savings, then make sure the coins are gold. Your Sovereign purchase fits that method exactly. A common date MS63 from my collection purchased many years ago.</p><p><br /></p><p><br /></p><p>[ATTACH=full]1324398[/ATTACH] [ATTACH=full]1324399[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 7729894, member: 24091"]Blow all the savings, take a second mortgage out on the house, do whatever is necessary to get the coins you absolutely MUST have! That's how John J. Pittman approached the hobby, and the results are legendary, a collection that will likely never be duplicated. Unlike Eliasberg or the current top whale out of Utah, --both who pretty much had/have unlimited funds--, Pittman was a working stiff who managed his coin purchases such that when he was done, the net proceeds of his collection were probably the greatest % gain over initial investment ever achieved. Pittman was also a pretty good judge of character, calling out Walter Breen as a perv years before anyone else suspected. My own personal advice would be to use discretionary income, and if you exceed your limits and start dipping into what ought to be set aside for savings, then make sure the coins are gold. Your Sovereign purchase fits that method exactly. A common date MS63 from my collection purchased many years ago. [ATTACH=full]1324398[/ATTACH] [ATTACH=full]1324399[/ATTACH][/QUOTE]
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