Treasure - In The Eye Of The Beholder - Taking a Shot

One of the things people don't realize is that treasure, like many things, is most certainly in the eye of the beholder.

A particularly rare pinball machine ($125,000) could be treasure to one person, while a trashed car recovered from the bottom of a lake ($500,000) could be another's idea of treasure.

I generally have spent many of my days looking for treasure, and most certainly more time than the average person. I just haven't come across treasures valued in those six and seven figure ranges!

That is what I hope for, of course, but those tend to be once in a lifetime finds...if you ever find something of that sort of value.

Who knows, maybe I already own something of that sort of value, but just have not figured it out yet!

I have found things that over time have garnered me five figure amounts.

Take for example these little guys:

They are just what they look like, red, wood, bullets.

These were used in 90% of the cap gun holsters in the 1940s, 1950s and 1960s.

So why do I consider these treasure?

Supply and demand.

At the time I found them...oh, and wait, I forgot to mention.....I found 10 cases of these, with 1600 in each case. 

Anyway, at the time I found them, there was pretty much no supply available to collectors....

So, they sold like hot cakes.

First I sold them for $7 a dozen, then $25 a dozen, and even auctioned some off that went for upwards to $65 for two dozen.

It took a few years of sporadic selling, but it got to the point where I am pretty much sold out, save for a handful I kept as a remembrance of the find.

It still may not seem like much...until you do some math...

10 cases x 1600 per case = 16000

16000 / 12 (lots of dozen) = 1333.33

1333.33 x $25.00 per dozen (average sales price) = $33,333.25

My initial cost was $100 + taxes for all 10 cases, $10 a case.

Not too shabby for a bunch of little red bullets now, is it?