John S. Queen published an amusing story in Numismatic News, now available on Numismaster.com.
Q. David Bowers was president of Paramount International Coin Corporation before I went with the company in 1967. Before he left, he made a trip to Great Britain and must have hired a separate boat to bring back all his plunder. It was a great variety of material. I do not recall what all there was but there were many, many rolls of 1950 and 1951 British pennies, a large quantity of silver crowns and a goodly number of copper Conder tokens.
I was with Paramount five years and year after year those British coins appeared on the inventory sheets. They were going nowhere. I am a sucker for beauty. The Conder tokens were truly magnificent.
When I was making plans to leave Paramount, I knew they wanted desperately to move some of this material from Great Britain. I had a chance to "buy low." (See my story on investing.) Whether I could "sell high" I did not know, but with the Conder tokens, I did not care. I wanted them around just to look at. They were that appealing. I bought all of the Conder tokens, several of the 1950 and 1951 pennies and several crowns.
I sold all the crowns to an investor who was a doctor in Troy, Ohio, for little more than the bullion value and dribbled out the other material over time.
Finally I decided to take the Conder tokens to a show. I left Barbara at the table while I went out to work the floor to make show expenses the easy way. My instructions to Barbara were, "I want $40 each for the tokens, $35 if someone takes them all." I came back to the table in a short time and Barbara greeted me happily with the news that she had sold all the Conder tokens.
"What did you get?"
"$35." She had sold the whole group which I had prized so highly for a total of $35 instead of $35 each.
To read the complete article, see:
Conder Tokens Teach Pricing Lesson
Wayne Homren, Editor
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