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<p>[QUOTE="fiddlehead, post: 2463391, member: 31286"]I would definitely say that the Mr. Shippee caught a good wave! He also held most of his coins for a long time - and most of them were coins that the average collector probably wouldn't be able to afford (example - I like older rare coins, but wouldn't be able to afford MS or even higher AU grades - that is unless I wanted a collection with only a few pieces - always possible I suppose). But regardless, it's really interesting to see which coins he made money on and which ones he lost money on. For example, his biggest loser was a 1907 Eagle (MS 62) purchased for $43,125 and sold for $12,225 less - a loss of 28%. His biggest winner was an 1804 Eagle in AU 58 that he bought for $18,418 and sold for $105,182! OMG! 571% gain! He held it for 8 years, so the market was really different in the 90's when he bought it, but still.....! He breaks out his financials by denomination, grade, length of time owned. It's really interesting!</p><p><br /></p><p>BTW, one thing that World Colonial didn't mention is the possibility of inflation. Inflation, which we've not had much of since the 90's is the commodity and debtor's friend and unlike the deflationary or low inflation times we've had for the last 15 years or so, it makes all of your untitled goods more valuable compared to "money".[/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 2463391, member: 31286"]I would definitely say that the Mr. Shippee caught a good wave! He also held most of his coins for a long time - and most of them were coins that the average collector probably wouldn't be able to afford (example - I like older rare coins, but wouldn't be able to afford MS or even higher AU grades - that is unless I wanted a collection with only a few pieces - always possible I suppose). But regardless, it's really interesting to see which coins he made money on and which ones he lost money on. For example, his biggest loser was a 1907 Eagle (MS 62) purchased for $43,125 and sold for $12,225 less - a loss of 28%. His biggest winner was an 1804 Eagle in AU 58 that he bought for $18,418 and sold for $105,182! OMG! 571% gain! He held it for 8 years, so the market was really different in the 90's when he bought it, but still.....! He breaks out his financials by denomination, grade, length of time owned. It's really interesting! BTW, one thing that World Colonial didn't mention is the possibility of inflation. Inflation, which we've not had much of since the 90's is the commodity and debtor's friend and unlike the deflationary or low inflation times we've had for the last 15 years or so, it makes all of your untitled goods more valuable compared to "money".[/QUOTE]
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