Investment payoff I didn't expect...

[Caroline]

I just ran across this ad by accident -- it seems that a first edition of Terhorst's book is going for the princely sum of $200 these days.

http://www.powells.com/cgi-bin/biblio?inkey=1-1131431839-0

Got mine for $10 or so at a library sale... when I said it was "the best investment I ever made," I meant it figuratively -- who knew I'd be literally right as well!

I'd better go iron out all the dog ears!!!!

 

[cute fuzzy bunny]

I think its a trick. Anyone that'd pay $200 for a book on how to retire on the cheap is already miswired to be able to successfully ER.

Five bucks says the minute you fork over the $200 somebody jumps out from behind a shrub and says "GOTCHA!"

 

[mickeyd]

Can someone tell me how any "rare" book gets priced? I guess you could just ask for $200 and hope that someone caughs it up.

 

[Nords]

I think its a trick. Anyone that'd pay $200 for a book on how to retire on the cheap is already miswired to be able to successfully ER.
Five bucks says the minute you fork over the $200 somebody jumps out from behind a shrub and says "GOTCHA!"

No trick, capitalism in action, it comes & goes. Amazon used to list used copies of their books between $100-$200 from resellers targeting blissfully ignorant consumers. The Terhorsts even used to comment about this larceny on their website, but now they link to Amazon.

Can someone tell me how any "rare" book gets priced? I guess you could just ask for $200 and hope that someone caughs it up.

That's called an "appraisal" and you need to hire a trained & certified professional...

 

[mickeyd]

Thanks Nords.

trained & certified professional...

Sounds like an excellent position for any ERd person. Hell I could even do it, but only if you certify me.

 

[wabmester]

FWIW, plenty of "rare" first editions are available through abebooks.com starting at $3.50....

 

[Caroline]

Gawdalmighty... this just in from Biblio.com. Seems the "first edition" bit is what costs you... you can get later editions used for $15.

New RE strategy -- check the 1st eds. out of the library - fail to return 'em and pay the replacement cost of a brand new copy, then sell the old ones for big bucks on the internet... why didn't I think of it sooner?

Biblio.com:

$405.00
($ 405.00)

Shipping rates


6. Cashing in on the American Dream : How to Retire at 35
Terhorst, Paul


Binding: Hardcover
Book condition: Good
Jacket condition: Good
ISBN: 0553052896

New York, NY, U.S.A.: Bantam Books, 1988 For anyone interested in living the good life without spending the rest of his or her days behind a desk, this book is both the ultimate fantasy and a practical guide to planning your early retirement. Underlining on about 5 of the pages.. Hard Cover. Good/Good. (more information)

Offered by Ventura Pacific Ltd. (California, United States)