Crazy Money! Original iPhone Sells For $$$

It’s Crazy Money Day!

One of my sons loves to shop for vintage treasure. Apparently, he’s not the only one. A factory-sealed first-generation iPhone sold for $190,000 at an auction. A pair of super rare Apple sneakers were purchased for $50,000. Early Apple products are becoming popular due to the aura of Steve Jobs and millennials’ increased purchasing power. A mint-condition, first-generation iPod sold for $29,000 in a private sale through Rally, a collectibles investing platform. The iPod, originally sold for only $399. The white and silver version was purchased as a Christmas present. However, it was never used. The recipient kept it on a shelf along with its receipt for years and years. Rally’s most expensive sale was a 1985 Super Mario Brothers video game that sold for $2 million. Now that’s crazy!

Rob Petrozzo, co-founder of Rally, said that everybody’s a collector of something. Memories of nostalgia cause people to hold on to their things, even if they’re damaged or broken. What makes an item a collectible is the rarity, origin, history, and the story that accompanies it. So, what do you collect? Jesus told us, “Do not store up for yourselves treasures on earth…but store up for yourselves treasures in heaven…for where your treasure is, there your heart will be also.” (Matthew 6:19-21) I recommend that we choose this day where we’ll store our treasure – in heaven.

Christian Credit Counselors can help you out of a financial bind by creating a consumer debt management plan. For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.