Thats right pennys when was the last time you actually seen one? If you seen one or have on then they are certainly worth more then just a penny now days.
Issues of the pennies date back before i was born when babyboomers still young, i'm certainly not one. But i missed out one of the best opportunities to buy affordable millionaires homes on the prices we pay for a 3 bedroom home that doesn't well look to modern with todays wages.
Perhaps you may purchase an investment property in underdevelop countries later in the future for captail gains, since the foreign exchange rates are high again. One penny is a decimal shown as 0.01 cent, we do see them in use, but they are still legal tenders of Australia. There are limited amount of them since they were minted in the 1900's i say.
A penny worth is nothing if it sat in the bank over 80 years earnning interest at any given rate of today's bank offer. But if you were to have one, the market will pay $1.00 for it. It could very well become a collector item.
I am amazed the gain from just a penny can really give you an idea of what the notes are worth now. Not even the the stockmarket penny hopeful stock companies can gain $1.00 if you where to sell it to someone else in the trading room, Its not possible, if you do see them on the chart, it might be that the company has undergone captial reconstruction, it would mean that you will lose your shares volume for a higher share price.
It is common to find that your share value will drop by half or even more after effects. Yet again its risk over reward to double, tripple or more else where.
Custom Search
No comments:
Post a Comment