Sunday, April 26, 2009

Weekly Homework Due Friday May 1st

Your task: Respond to this question:

The Guttenberg Bible was the first book ever printed (during the 1500's by the inventor of the printing press, Johann Guttenberg). Today, only a few survive, and one of the last ones sold for 5.4 million dollars. You have just inherited it from a distant relative in their will. The question you will respond to: Do you keep the Guttenberg Bible or sell it for a value around 5.4 milion dollars. (Note: You cannot sell it and then steal it back or buy another one for less or any other such scheming answers). Give an explantion to your answer for full homework credit! Post your answer as a Comment to this post (do not make your own post)

33 comments:

  1. I would keep the rare book, if only a few books are left why sell it? I love books and I like knowing that I have a rare book in my possession. If something should happen and selling the book would be the only way to keep surviving then, I would sell it.

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  2. i would keep the book for now until the value went up. either way i don't need the book, its not like im going to read it

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  3. I would keep the rare book out of respect for that distant relative, if i didn't like like the relative I would just keep the book until it is at it's rarest then sell it, I would never have keep something from a relative I don't like LOL!

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  4. i would keep the book because im one of the few that has it so it makes me special lol. i would only sell it if im in desperate need of the money because their is a logical reason of why its left for me.

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  5. i would keep it because for the person to give it to me means that they thought i should have it. I also belive a relationship means more then money

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  6. I would keep the book as well since it is a scarcity in the world and that there is a possibility that the book might increase in price. Even though it is worth 5.4 million dollars i would not sell something that a relative gave me in their will so easily. The fact that they choose me to inherit it means that i am special to them or the book is special to them. If the relative wanted money he would`ve sold that book for the money before he died.

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  7. I would personally keep the Guttenberg Bible and pass it on to my own kid for him/her to do as he/she pleased. I also agree that because a close relative left this book to only me then they must truly want me to hang on to it. Passing it down my family line will show that it is very important to me and my family.

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  8. I would sell the book and take 5.4 million dollars and go open up my own businesses and live my life as a king.:) So no i wouldn't keep it, and i would buy Gherman a tie with his name on it>LOL

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  9. I would sell the book. It's great to have something as rare and valuable as the Guttenberg Bible, but I'm not religious so it wouldn't have any meaning to me other than being from a relative. If someone is willing to pay over $5 million for the book it obviously means a lot to them. I'd be set for life, invest some money, and make someone happy at the same time :)

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  10. I would sell the book. I have a bible (actually I have three!) so I really have no true need for it. Plus, I really need the money right now seeing as I am trying to buy a laptop right now AND I have 8 years of college to pay for!

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  11. I'm an avid reader, and my shelves are stocked with books, so I think it would be kind of nice to have it as a part of my collection...after all, it is one of a kind...and inheriting it from a family member would make it all the more special.

    However, I guess if worse comes to worst and I have some serious financial issues, I might have no choice but to sell it...

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  12. I think i would keep it till the price goes up that way i can get more money but then again i might also keep it out of respect for my relative even if he is distant. If i don't need the money then ill just keep it and make it a family treasure :)

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  13. I would keep the book if it had sentimental value towards me or anyone else in my family. 5.4 million can do way more for me than an old book. I would hand the book over so it can be put into a museum or something like that for everyone to see nd not just have it for myself. I would definately take my 5.4 million and worry about bigger needs.

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  14. I would hold on to the book for a small amount of time to see whether it will go up in value or not. If it does not go up after around a year then i would just sell the book but if it does go up than i would continue to hold on to it to try to get as much money as i can get out of it. Keeping the book forever is not an option because the large amount of money is definitely life changing.

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  15. I would keep the bible because they are barely any left. The bible can act like a stock. But it would be a "good stock" because the value can't go down unless all the rest of bibles suddenly appear. I would hold it for a couple of years then maybe sell it for a higher value because the value would have to go up or just sell it to the highest bidder.

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  16. if i inherited this boook i would defintly sell it. i mean i wouldnt read it or anything, it would only collect dust on a bookshelf or something. The book would mean no real value to me plus i'd rather have 5.4 million dollars.

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  17. I would sell the book for two main reasons. The first being, i inherited it from a DISTANT relative. That means i probably met them once at a wedding or something, and probably didnt even know he or she died, or better, existed. Its not one of my close relatives who i visit on holidays, or see on occasion etc. Secondly, I am not a book collector, a history buff, and could care less about the Guttenburg Bible. I have no interest in this book where someone else clearly would. If I interested in the topic, like the rare Honus Wagner baseball card, for example, then i would consider keeping it. I would have much more use with 5.5 million dollars then a book, which I wont read, and is in a language that i dont understand.

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  18. I would sell the bible. everyone in my house has one, including me, so there would be no purpose of keeping the same thing. The money would benefit myself and my family greatly. It would be spent on school expenses as well as paying off some bills and mortgage payments for my mother and uncle. The money would make life easier for us.

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  19. I would sell the book. unfortunately, this bible has really no significance to me when compared to its value. yes, there is that feeling of importance when you realize how rare it actually is, but 5.4 million is a lot of money. it came from a distant family member so i really wouldn't worry about sentimental value, and the amount of money its worth makes up for it anyway.
    i've got expenses to pay and a book just sitting on my shelf isn't going to help me with that.

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  20. Personally, I could do A LOT with 5.4 million dollars. Ever since I was young rare things did not capture my interest. Limited Edition Barbies - Why would any one pay so much money to keep it in a box? This would apply to the bible as well. I wouldn't read it, have no use for it, and if I sold it, I would be financially secure for my whole life. I'd put the money in the bank after paying off college, buying a home so I could live comfortable and stable, rather than having something sitting idly on my shelf with no use or need. Plus, The person who buys it for 5.4 million definitely wants it for a great reason. Better them have it and cherish it then me!

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  21. Although it may not be of any significance to me, I would keep the book and wait till the value goes up. Yes, 5.4 million dollars is quite alot of money, but being that the Guttenberg Bible is so rare, the price wil eventually go up, making the value more than 5.4 million dollars. Also, being that it was iherited by a distant relative, in a way that you make it more significant to me.

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  22. I WILL SELL THE BIBLE THAT WAS LEFT TO ME IN THE WILL. WHY NOT SPEND THE MONEY? IT IS WORTH A LOT OF MONEY, ESPECIALLY IF I NEED THE MONEY I WILL SELL IT WITHOUT A DOUBT. THE BOOK WAS LEFT FOR ME AND IT IS WORTH MILLIONS, I FEEL THAT IT HAS SPENT TOO MUCH YEARS IN HIDING. I WIL SELL IT, WHY KEEP IT FOR MORE YEARS WHEN I COULD USE IT NOW? I WILL SAVE UP SOME OF THE MONEY, BUT IF I KEEP IT AND DON’T SELL IT, THE QUESTION WILL ALWAYZ BE IF THE NEXT PERSON TO RECEIVE IT WOULD SELL IT AND THEN THE MONEY I COULD HAVE HAD WILL HAVE WENT DOWN THE DRAIN. THEREFORE I WOULD SELL THE BOOK.

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  23. I could care less about a damn Guttenberg bible...I believe in God not all the fictional bible stories...If god sent me a book worth 5.4 Million Dollars im sure the message he was trying to send me was that i should sell the book and do more with the money....College, Personal Debt, Desperate need of a car...I think the 5.4 million would go alot further than a freakin book that i got from a relative that i probably met once when i was a baby....

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  24. I would keep the Guttenberg bible for another 15-20 years because $5.4 million is nice but I feel I can get more later. As we move into a more technologically advanced world, people will be looking more fondly toward relics of the past, like the Guttenberg Bible. In 15-20 people will be willing to papy even more for it and I will actually need the money way more than I do now.

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  25. I would wait another four years or so and then sell the Guttenberg bible. I have no usage for the bible at all. However in about four years or so i will have college loans to pay off and other such bills and i will need the money. There is a small possibility that the value of the Guttenberg bible will increase, if not, i just want the money when i need it.

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  26. i would sell the bible due to the fact that i already own one . in addition, there is not much i can do with the bible while it is in my position whereas if i get 5.4 million , i can start something productive and that money can be pivotal to the rest of my life .

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  27. i would keep they bible because it is worth alot of money and to have a book worth so much it would be a honor to have possesion over the book. selling it would be a shame since there are not many copies of the bible to begin with a rare book like that should be kept.

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  28. Stephanie Galbert: I would sell it because 5.4 million dollars can help me and my family prosper in life and as a religious person i believe that the word of god is abundant so doesn't matter if its old or new there is always a way to connect with God. =)

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  29. Personally, I would sell the Guttenberg bible, but not immediately. I would wait another five years or so, in order to see if they value of the bible will increase or not. After the 5 year mark, I would sell the bible rather than have the book collecting dust in a bookcase.

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  30. I would keep the book, and sell it if the price raises and/or if I am in a financial crisis and my life depends on the millions of dollars I will make from the book. I am not religious so I would never even open it, therefore it would have no significance to me.

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  31. i would keep the book to see if it goes up in value. if the book doesnt go up in value then i would just sell it because i would have no other use for it. i wouldnt read it, it would simply stay in one place in my house and more than likely collect dust. the only way i would keep it would be if it is going to have a significant impact on my life money wise by going up in value.

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  32. I would keep the book for another year. If the value of the book increases i would sell it to the museum or person offering the most money. I would probably seel it after the economic crisis thoght. this way the money i get from it will probably be worth alot more than it would be worth now.

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  33. personally ..i would keep the book..what if the price increases in the future ?and at this point i wouldnt need the money for anything right now maybe future references.but why would anyone sell something a familymemeber left for them ..especially a bible to me its wrong,especially if it is of great valuee

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