Who was John Jay Pittman?
John Jay Pittman was a collector’s collector. Pittman was a humble man who earned between $10,000 and $15,000 per year working for Kodak as a chemical engineer. He had a love for coins and invested half his salary into scarce to rare gold and silver coins. He purchased the most historically significant coins his budget allowed. Mr. Pittman invested about $100,000.00 during his life on coins. The first section of his holdings were recently sold at auction for $11,822,283.00. The second portion of his coins will soon be sold, and conservative estimates are that these coins will bring about $18 million. That will bring the value of his collection to $30 million.The growth rate of 30,000% is astounding.
