How to Make Money on a Knife

straitshot

straitshot

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My neighbor found a nice vintage pocket knife while mowing his front lawn. Knowing I'm a nife nut, he sold it to me for a quick $50. Rethinking the fast sale and that maybe I knew something he didn't, he bought it back for $100. He was proven right because after doing a little research, I realized what a find it really was and so I paid him a fair $150 for the knife. I had acted too soon, though, because I had to sell it back to him at a $50 loss to cover my bills at month's end. He was happy to get it back for $50 less than he had sold it for. After regaining my financial footing, I told him I really wanted to buy that knife. "Can't", he said. "I heard a guy down the street lost it while jogging so I gave it back. But it was the right thing to do and I still made $50 on it." :) ss.
 
straitshot said:
My neighbor found a nice vintage pocket knife while mowing his front lawn. Knowing I'm a nife nut, he sold it to me for a quick $50. Rethinking the fast sale and that maybe I knew something he didn't, he bought it back for $100. He was proven right because after doing a little research, I realized what a find it really was and so I paid him a fair $150 for the knife. I had acted too soon, though, because I had to sell it back to him at a $50 loss to cover my bills at month's end. He was happy to get it back for $50 less than he had sold it for. After regaining my financial footing, I told him I really wanted to buy that knife. "Can't", he said. "I heard a guy down the street lost it while jogging so I gave it back. But it was the right thing to do and I still made $50 on it." :) ss.
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How you figure? You made $50 on the first resale and lost $50 dollars on the last resale. Maybe it's me. :) Nobody's ever accused me of being the sharpest knife in the drawer
 
straitshot said:
smegs, you did get it right- we both came out even and the owner got his knife back... ss.:D
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It's a great story. A real pisser. It's even better with the two wheeler dealers breaking even and the knife back home with the owner. :D It reads like a three stooges skit. :) It took me awhile to figure out. I got 4 different answers at first. Brought up the calculator and got a 5th different answer. :confused: Then I tried to figure out the square footage of the lawn times the HP of the lawn mower engine and got answer #6. Don't tell anybody.
 
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