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Throughout history, many rare coin collections have produced substantial long-term profits for their owners. This is particularly true for coin collectors of this century. For instance, Harold Bareford reportedly purchased a collection of coins for $13,832 in the early 1950’s that was resold at auction in 1978 for $1.2 million. A more substantial collector, Louis Eliasberg, built a collection that cost approximately $300,000. In 1982, it brought $12.4 million at auction.