Dennis Tucker of Whitman Publishing forwarded this press release about their new
book by Robert Shippee. Thanks. -Editor
Whitman Publishing announces the release of
Pleasure and Profit: 100 Lessons for Building and Selling a Collection of Rare Coins, by
Robert W. Shippee. The 320-page book will debut November 11 for the 2014 holiday season. Before
then it can be pre-ordered from booksellers and hobby shops nationwide, and online (including at
Whitman.com), for $9.95 retail. The book can also be borrowed for free as a benefit of membership
in the American Numismatic Association, through the Dwight N. Manley Numismatic Library.
In Pleasure and Profit, longtime collector and retired international banker Robert
Shippee reveals how he got serious about building a type collection of rare coins, carefully
assembled the Waccabuc Collection of half cents through $20 gold double eagles, and later sold them
at public auction. Shippee tells the story “warts and all”—sharing not only his highly profitable
purchases, but also the duds and costly mistakes. He analyzes each purchase of 100-plus copper,
nickel, silver, and gold coins, capping each analysis with a valuable lesson learned. His story
ends with a $1.5 million sale at public auction.
Shippee supplements his real-world advice on acquisition strategies, storage choices, and
disposition options with commentary on grading services, auction houses, famous dealers, numismatic
personalities, market forces, and—with candor that’s rare these days—his laid-bare financial
results. His insight is humorous, wise, and unflinching . . . uniquely valuable for today’s
collector and investor.
A chapter on “Finances—The Final Scorecard” compares rare coins to stocks, with an analysis of
different indexes. Shippee breaks down the biggest losers and the biggest winners in his basket of
coins, and looks at the results by denomination, by century, by metallic composition, by grade, and
by holding period.
“Bob Shippee shares his advice with a relaxed storyteller’s wit,” says Whitman publisher Dennis
Tucker. “His text is about coins, but it’s also about golf, whisky, friendships, and other good
things in life that are attached to his experience as a collector. His storytelling makes the
lessons fun and interesting.”
Q. David Bowers, who wrote the book’s foreword, says, “Pleasure and Profit is one of the most
useful books in American numismatics. It will change your buying strategies.”
Pleasure and Profit: 100 Lessons for Building and Selling a Collection of Rare Coins
By Robert W. Shippee; foreword by Q. David Bowers I
Softcover, 6 x 9 inches, 320 pages, Full color
Retail $9.95 U.S.
Wayne Homren, Editor
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