Do you have a "numismatic fiscal year"? Interesting comment in Norweb book

Longacre

I was taking a look through the QDB book about the Norwebs. Part of the book is copies of letter correspondence between QDB and the Norwebs. One letter dealt with QDB offering to sell the 1894-S dime that he famously purchased at auction in 1957. In reply to QDB's offer to sell it to the Norwebs for $6,000, the Norwebs replied on February 4, 1958:

"...Before making a committment on the basis of your offer, I would like to know if it would be agreeable to make a payment of one-third at the outset, with the balance over the next five months. This is because our budget is geared to our numismatic fiscal year which begins July 1st--a habit we acquired during so many years with the federal government."


Gearing your budget with the numismatic fiscal year--interesting concept!

RYK

Gearing your budget with the numismatic fiscal year--interesting concept!

What a coincidence! I am done buying coins this year, but my numismatic fiscal year begins on July 1. All of last year's excesses and mistakes get washed away as we start the new year, fresh and eager for more coins.

OKbustchaser

Yes, the problem is that I am currently on the 2025 year budget. (and it's pretty well shot!)

AlaBill

I I could rely on one idea from the government, it would probably be the ability to spend more than I take in, deficit spending, and not worry about it at all. Someone else, at some later time, would make up the difference.

Using this approach, I might review the Cardinal Collection catalog this weekend.