rkbabang Posted September 17, 2015 Share Posted September 17, 2015 Yale University paid $27,000 for a bond that pays about $12/year in interest in perpetuity. As the article says "At this rate, it’ll take 2,115 years to turn a profit." But they probably didn't buy it for the interest payments. Yale University to receive interest payment on bond from 1648 written on goatskin Link to comment Share on other sites More sharing options...
merkhet Posted September 17, 2015 Share Posted September 17, 2015 I mentioned the same thing to Professor Goetzmann (who I believe spearheaded the campaign to pick up the bond in the first place) and he mentioned that he sees it more like art and/or history and/or preservation than an investment. Link to comment Share on other sites More sharing options...
Mephistopheles Posted September 17, 2015 Share Posted September 17, 2015 Seems like Yale now is also a big believer in deflation and ultra low rates going forward! Link to comment Share on other sites More sharing options...
Travis Wiedower Posted September 18, 2015 Share Posted September 18, 2015 Very cool! I always thought it'd be neat to own a stock certificate from the very first public company (Dutch East India Company). There's a few floating around, here's a story about one that was found a few years ago: http://www.bloomberg.com/news/articles/2010-09-10/antique-share-worth-as-much-as-764-000-found-by-dutch-history-student Link to comment Share on other sites More sharing options...
abitofvalue Posted September 18, 2015 Share Posted September 18, 2015 Yale has a center for international finance which has a bunch of these old bonds / stock certificates etc on the walls. Just the same as putting up art. Link to comment Share on other sites More sharing options...
Haasje Posted September 19, 2015 Share Posted September 19, 2015 art with a coupon! Link to comment Share on other sites More sharing options...
Jurgis Posted September 19, 2015 Share Posted September 19, 2015 When I buy art, I want to buy picture with the three commas... 8) Link to comment Share on other sites More sharing options...
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