Apple Co-founder now coin dealer

scotty1419 · December 14, 2011 4:23AM

I dont think I ever saw commentary on this but I'm curious if anyone has ever run into Ronald Wayne in CA as a coin dealer?

I was reading this article (Apple Co-Founder walked away from company) and saw a note about him now being a stamp and coin dealer...

"Mr Wayne, 75, relinquished a stake that would now be worth around £15 billion and lives on a state pension and deals in old stamps and coins to supplement his income."

LanLord · December 14, 2011 4:26AM

Yeah, I seem to recall he sold that stake for about $800 (I don't recall the exact amount, but it wasn't much!), but this was so long ago, it may have seemed like a reasonable deal at the time.

LanLord · December 14, 2011 4:27AM

He also used to act as the deciding vote when Woz and Jobs couldn't agree on things.

LanLord · December 14, 2011 4:28AM

<< <i>Yeah, I seem to recall he sold that stake for about $800 (I don't recall the exact amount, but it wasn't much!), but this was so long ago, it may have seemed like a reasonable deal at the time. >>

Okay, so I reads the article and see it was $1500. I was close.

LostSisler · December 14, 2011 4:31AM

His documents showing the creation of Apple, just sold for 1.6 Million

NewParadigm · December 14, 2011 4:32AM

You were really close. You were probably thinking if the Pound equivalent.

LanLord · December 14, 2011 4:33AM

<< <i>You were really close. You were probably thinking if the Pound equivalent. >>

Exactly!

jerseycat101 · December 14, 2011 4:33AM

His buyout at the time was 800. He was later given another 1500 when Apple Incorporated, for a total of $2300.

johnny9434 · December 14, 2011 5:43AM

amazing

SanctionII · December 14, 2011 7:31AM

I wonder if anyone ever refers to Mr. Wayne as "Ronnie APPELseed"

JamesMurray · December 14, 2011 7:34AM

Is this the same apple co founder that's involved with the first ever privately owned space flight capable aircraft ?

My mistake , it's a Microsoft co founder

Peacemonkey · December 14, 2011 9:38AM

It says Jobs is worth £3 billion at the time of the article. And that is the path he reached with a 45% stake. Wayne's 10% stake would be worth £15 billion today, assuming he never did a thing but sit on the stake. This means Jobs 45% stake should be worth 4.5 times Waynes 15billion @ £67.5 bill, Mr waybe can take comfort in knowing he only squandered away the 15 bil while Jobs is 64bil in the hole.

COALPORTER · December 14, 2011 11:06AM

<< <i>Is this the same apple co founder that's involved with the first ever privately owned space flight capable aircraft ?

My mistake , it's a Microsoft co founder >>

Are you thinking of SpaceX - that was the PayPal founder?

JamesMurray · December 14, 2011 11:12AM

I'll need to go retrace my web stebs last night , i was reading something about them signing a deal for two 747's which will make up part of this aircraft they have in mind,apparantly it would be the largest ever manmade thing to fly.I'll see if i can find the link again.

edited for link

Microsoft co founder Stratolaunch

scotty1419 · December 14, 2011 11:40AM

So...I guess that's a no to the original question? lol

pruebas · December 14, 2011 8:52PM

People seem to forget that Apple went through many years of rough times and a flat or declining stock price. It would have been tough for the best investor to have held on so long and not lose the faith.

I was an Apple investor for many years and believed in them when many didn't (like the mid-1990s). But during the go-go Internet bubble years, even I moved on to more lucrative investments. And I'm sure most others did as well.

Heck, I remember buying the first gen iPod as a birthday gift in November 2001. At the time, nobody thought it was anything other than an overpriced toy. Certainly not anything revolutionary. This Apple "aura" we see now didn't appear until much later.

ajman · December 14, 2011 10:46PM

It sucks to be him.

mrearlygold · December 14, 2011 11:48PM

<< <i>It sucks to be him.

>>

Apple Co-founder now coin dealer

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