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Euro Buy Sets Me Up for Berlin Trip
January 20, 2011



Gee, perhaps I should take up currency speculation. I finally decided to act to buy the 20-euro note that George Cuhaj had brought back from Helsinki in June.

The price of the euro had been dropping this fall. Finally on Dec. 30, just before George was ready to head to New York for two weeks I paid him the then going rate of $1.32.

Since that day the euro has turned around and started rising. It is up about two and a half cents.

What does that mean?

It means I have a profit of a cool half a buck.

Wow.

I guess I will think I am a genius of market timing.

Seriously, the good news is that the cost of my trip to the World Money Fair next week should be a bit more bearable for the corporate budget.

The euros I bought for walking around money cost fully 20 cents less than what I had paid last year.

That’s quite a difference and perhaps I won’t look as much like the country boy in the big city of Berlin gawking at the prices.



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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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