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When buying seems a triumph

On Saturday as I was doing my weekly rounds, I spotted a sign at a gas station stating the price of a gallon of unleaded regular was $1.979. That’s the first time I have seen the price that low in a long time and it is less than half the price I was paying in July.

I didn’t need gas, but I had to stop in. How could I not? I wanted to be able to tell everyone I knew what I paid.

I pumped less than four gallons into the tank. The pump showed $7.51, which I pushed up to $7.55.

Then I went inside. I told the woman at the register that I didn’t really need gas, but I had to stop when I saw the sign.

She laughed. She said I wasn’t the only one. She took my money.

The next guy to the cash register waved a $10 bill in the air and that was his total tab. He must have done what I had.

It was a great feeling, a minor victory in the present economic battle. I didn’t know the other guy. He seemed to be enjoying the moment as I was.

Have you ever bought a coin where the purpose was the ability to brag that you got it, or that you got it at an incredible price?

Collectors do that. There is a competitiveness behind our acquisitiveness. In fact, the existence of registry sets at the Web sites of the major grading services is a testimonial to this impulse.

It seems strange. Another collector craving is privacy. We don’t want to be marked for burglary or robbery.

So we have sets that are assembled and sold under assumed names. Understandable.

On Saturday I could enjoy a moment in the daily routine. It satisfied my acquisitiveness and neither of us purchasers knew the other.

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2 Responses to When buying seems a triumph

  1. Dan says:

    Sounds similar to the markdowns in some of the bullion coins from the Mint.

    Look at the issue price for the 4 coin platinum proof set from the Mint:

    In May: $4120
    In July: $4589
    In Oct.: $2420
    In Nov.: $2180

    The current price is a whopping $2409 LESS than it was in July. Incredible. And incredibly painful for anyone who purchased over the summer.

  2. Dan says:

    In follow up to my last comment, there were 759 4 coin platinum proof sets sold prior to October 2008. Even if all those were sold at the lower $4120 price, it would come to approximately $3,127,000.

    At current prices, the same 759 sets would cost approximately $1,655,000.

    Which means those 759 unlucky early buyers lost a combined $1.5 Million.

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