Longtime collector Robert Shippee reveals how he carefully assembled a meaningful collection of rare coins in his newly updated edition of Pleasure and Profit: 100 Lessons for Building and Selling a Collection of Rare Coins. His Waccabuc Collection of half cents through $20 gold double eagles sold at public auction for a profitable $1.5 million. Pleasure and Profit gathers the lessons he learned from buying and selling each of the nearly 150 coins.
Shippee provides real-world advice to guide other collectors on acquisition strategies, storage choices, and disposition options, in addition to commentary on auction firms, third-party grading services, famous dealers, numismatic personalities, market forces, and—with unflinching honesty—his laid-bare financial results.
“Pleasure and Profit is one of Whitman’s most talked-about books on collecting and investing in U.S. coins,” said publisher Dennis Tucker. “Many hobbyists have told me, ‘I wish I’d had a guide like this when I started collecting.’”
The first edition earned the “Best Specialized Book on Numismatic Investments” award from the Numismatic Literary Guild.
In the second edition, Shippee updates the market reports on nearly all of the coins in his case-study collection. He expands his discussion of rare-coin indexes and his comparison of coins vs. the stock market. And he makes a new analysis of his coins by denomination, tracking where they would be, value-wise, a decade-plus after their sale.
“With greater knowledge comes greater confidence as a collector,” Shippee says. “My hope is you can learn from my successes—and just as much from my mistakes.”
David Bowers, past president of the Professional Numismatists Guild, calls Pleasure and Profit “one of the most useful books in American numismatics.”
The 328-page book debuted at the Whitman Coin & Collectibles Baltimore Expo in February. It can be ordered from booksellers and hobby shops nationwide (as well as online at Whitman.com) for $19.95.
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