Known Johnson

November 3, 2005

A fool and his money . . .

Filed under: General — Tom @ 10:47 am

An imaginary conversation between me and a coin collector:

Him: “Check it out, I just got this coin collection. How much do you think it’s worth?”

Me: “I have no idea. Let me see one.”

Him: “Here’s a copper half-cent from the early 1800s.”

Me: “It’s old, like really old, right?” He nods. “200 years . . . I don’t know, $20? That’s like 40,000% inflation, seems about right.”

Him: “No way, man! I bought this and 9 other coins for $8.5 MILLION dollars!”

Me: “$8.5 million dollars for coins? You paid $8.5 million for some old change? You could have bought a helicopter – you could have bought a jet and you chose to buy some money you can’t even spend? You could have bought a building – your own building! But no – coins. And just what are you going to do with them? What can you possibly do with 10 coins that are now worthless as actual money, yet somehow still worth millions?”

Him: “I don’t know yet, probably put them in a museum or something.”

Me: “You’re a fool. You could have done something good with your money – think of how much pizza $8.5 million buys.”

Him: “It’s an investment, the coins will be worth even more some day.”

Me: ” Here, check it out, I’ve got some old change too. How much will you give me for all these pennies and nickels? Ooh – and this quarter?!”



  1. yay – comments!

    i’ve been keeping an eye on how the family is doing and at last i can spout forth useless bit of wisdom/stupidity/inaneness 🙂

    Comment by marc — November 4, 2005 @ 2:46 am | Reply

  2. Please feel free to offer away, Marc! I keep checking your site for a glimpse of what the next few months have in store . . . 🙂

    Comment by Tom — November 4, 2005 @ 7:13 pm | Reply

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