Archived posting to the Leica Users Group, 1999/07/14

[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]

Subject: RE: [Leica] Summilux 50mm/1.4 for over $3000
From: "B. D. Colen" <bdcolen@earthlink.net>
Date: Wed, 14 Jul 1999 11:16:04 -0400

If the doctor discovered a very rare coin (valued at, say, $3000) amoungst
his loose change, would he use it to buy groceries for its face value (as
it was intended to be used), or sell it to a coin collector?

Dan C.

At 09:44 AM 14-07-99 -0400, you wrote:
[snip]
>
>Those who have pointed out that this list included collectors are entirely
>correct. Dr. Blacktape was commenting as one who considers cameras and
>lenses tools with which to make photographs, rather than objects of
>deification and investment.
>
>Sorry.
>

Dan, Dan, Dan...Dr. Blacktape was commenting on those who would buy such
coins for outrageous sums, not those who would find them in their pockets
and cash in on them. After all, the market is at an all-time, undreamed of
high, real estate and collectibles are through the roof, and if history is
any indicator, it is probably a safe bet that the "collectible" one buys
today for an outrageous sum as an "investment" will in the not too distant
future take a tumble, before it perhaps, eventually, maybe, could be, I
wouldn't bet on it, someday climbs back to an even higher price than that at
which it was purchased. But that's just Dr. Blacktape's opinion, which is
worth no more, and could even  be worth less, than that of any other LUGer..
;-)