A Late Fathers Generosity - Coin Community Forum

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Author	Replies: 5 / Views: 1,385
pennypincher1 Valued Member Canada 67 Posts	Posted 10/04/2016 5:24 pm I just read on here what a grandfather did for his grandson, well here is my story about my late fathers generosity to me. My dad used to wheel and deal in gold coins back at the beginning of the 1970's and at this time I took the plunge and got married and on that fateful day in 1974 my dad said he would give us a deposit on a house at that time we had our eye on this 2 up and 2 down semi for the grand price of 4800 British pounds. So myself and dad headed up to Johnson Matthey in London with a bag full of gold coins,we sold 120 sovereigns and 43 half soverigns for the grand price of 1853.90 British pounds. Today I looked up what the same company was paying and the same amount of coins comes out 31,816.00 Britsh pounds. Yes it would have been a wonderful profit if we had kept them and sold them now as dad only payed a small amount for same coins that we sold. But on the other hand the house that we payed 4800.00 for just sold for 286'000.00 pounds. So stop buying coins and buy a house? Report this Post to the Staff

Wade Pillar of the Community Canada 2781 Posts	Posted 10/04/2016 9:35 pm touching story! best to give with a warm hand, rather than a cold one. Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 10/04/2016 11:16 pm Very nice story .... I would have loved to see all those gold coins .. Report this Post to the Staff
Angielczyk Valued Member Israel 423 Posts	Posted 10/05/2016 05:16 am Hindsight is a wonderful thing Report this Post to the Staff
Buzz Killington Valued Member United States 81 Posts	Posted 10/05/2016 09:00 am Hindsight? Real estate and stocks have appreciated much more than coins. Selling gold to buy the house turned out to be a great decision! Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/05/2016 5:18 pm Absolutely, especially the London-area market. Report this Post to the Staff
	Replies: 5 / Views: 1,385

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