@EliteCollection said:
I don't collect coins or things for financial returns. Not everything is an investment. I collect things because I enjoy collecting. If it makes me money in the future, that's great, but that's not the ultimate goal.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
@oreville's personal experience is a fantastic example of luck - in 2005, it was one of roughly 10,000 stocks worth less than $5. What Orville did is effectively the equivalent of investing in Apple when it was based out of Steve Job's garage. Incredibly high risk, very very very very very low chance of a incredibly high reward.
@FlyingAl said: @oreville's personal experience is a fantastic example of luck - in 2005, it was one of roughly 10,000 stocks worth less than $5. What Orville did is effectively the equivalent of investing in Apple when it was based out of Steve Job's garage. Incredibly high risk, very very very very very low chance of an incredibly high reward.
No argument on that being a lucky investment, but the rest
is not particularly accurate. Obviously the chance that any midcap stock will grow to $4T market cap is extremely low, but NVIDIA was a fine company back in 2005 that had already been public for 6 years. It had a market cap of $5B or so and was priced around $20. It wasn’t some tiny startup. They had a nice business making graphics chips. That business turned out to be extremely useful for two phenomenal spending frenzies - kind of like supplying shovels to two gold rushes - first crypto, then AI.
@FlyingAl said: @oreville's personal experience is a fantastic example of luck - in 2005, it was one of roughly 10,000 stocks worth less than $5. What Orville did is effectively the equivalent of investing in Apple when it was based out of Steve Job's garage. Incredibly high risk, very very very very very low chance of an incredibly high reward.
No argument on that being a lucky investment, but the rest
is not particularly accurate. Obviously the chance that any midcap stock will grow to $4T market cap is extremely low, but NVIDIA was a fine company back in 2005 that had already been public for 6 years. It had a market cap of $5B or so and was priced around $20. It wasn’t some tiny startup. They had a nice business making graphics chips. That business turned out to be extremely useful for two phenomenal spending frenzies - kind of like supplying shovels to two gold rushes - first crypto, then AI.
I’m seeing NVDA trading for roughly thirty cents a share in 2005.
@FlyingAl said: @oreville's personal experience is a fantastic example of luck - in 2005, it was one of roughly 10,000 stocks worth less than $5. What Orville did is effectively the equivalent of investing in Apple when it was based out of Steve Job's garage. Incredibly high risk, very very very very very low chance of an incredibly high reward.
No argument on that being a lucky investment, but the rest
is not particularly accurate. Obviously the chance that any midcap stock will grow to $4T market cap is extremely low, but NVIDIA was a fine company back in 2005 that had already been public for 6 years. It had a market cap of $5B or so and was priced around $20. It wasn’t some tiny startup. They had a nice business making graphics chips. That business turned out to be extremely useful for two phenomenal spending frenzies - kind of like supplying shovels to two gold rushes - first crypto, then AI.
I’m seeing NVDA trading for roughly thirty cents a share in 2005.
Your historical data is adjusting for splits and dividends. Check MSFT or DELL. They weren’t all penny stocks in the 90s.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
This is such interesting information. Especially about the ribbed green stock labels being in hand from the very beginning, but not working in the original, old dot matrix printer. So once the new (updated) printer was up and working, there was no reason to continue with the smooth white stock labels. Very interesting indeed.
And @EliteCollection, if you were the winning bidder on the the PCGS 1080017 coin, congratulations!
Comments
Same here
I still like and collect rare holders, but $45K??
@oreville's personal experience is a fantastic example of luck - in 2005, it was one of roughly 10,000 stocks worth less than $5. What Orville did is effectively the equivalent of investing in Apple when it was based out of Steve Job's garage. Incredibly high risk, very very very very very low chance of a incredibly high reward.
No argument on that being a lucky investment, but the rest
is not particularly accurate. Obviously the chance that any midcap stock will grow to $4T market cap is extremely low, but NVIDIA was a fine company back in 2005 that had already been public for 6 years. It had a market cap of $5B or so and was priced around $20. It wasn’t some tiny startup. They had a nice business making graphics chips. That business turned out to be extremely useful for two phenomenal spending frenzies - kind of like supplying shovels to two gold rushes - first crypto, then AI.
I’m seeing NVDA trading for roughly thirty cents a share in 2005.
Your historical data is adjusting for splits and dividends. Check MSFT or DELL. They weren’t all penny stocks in the 90s.
Here's another PCGS Gen 1.0 holder that is going to go for a lot of money, especially considering that it is the earliest number known. At Great Collections:
https://www.greatcollections.com/Coin/1850790/1881-S-Morgan-Silver-Dollar-PCGS-MS-63-CAC-Green-Toned-OGH-1st-Gen--White-Rattler
I know elite got his eye on it
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
VERY EXPENSIVE piece of plastic !
I am absolutely stunned.
3x what the 1904 sold for.
$120,000.
I think Elite’s $20 is a much better buy. Early slabbed $20 Double Eagles are much scarcer than Morgan Silver Dollars.
The PCGS serial number is not necessarily the 17th coin ever graded by PCGS.
That only applies 109 forward. 108s were linear. This is #17.
@johnny010 said:
Thank you. Most PCGS founders do not remember that far back.
I recall a poster displayed the ohoto of the prototype of the original PCGS slab. I do not recall where to find the ohoto here.
Does HRH have it?
Mark Salzburg have the prototype of the NGC slab?
Are you referring to this? https://www.greatcollections.com/Coin/1400020/The-First-PCGS-Encapsulated-Coin-1982-D-Washington-Quarter-OGH-Rattler-Witter-Coin-University-2023-Charity-Auction
I own this coin as well.
Follow me on MyCollect!
This is such interesting information. Especially about the ribbed green stock labels being in hand from the very beginning, but not working in the original, old dot matrix printer. So once the new (updated) printer was up and working, there was no reason to continue with the smooth white stock labels. Very interesting indeed.
And @EliteCollection, if you were the winning bidder on the the PCGS 1080017 coin, congratulations!