While gathering my collection of Fourth Michigan Infantry relics over the last 35+ years, I have had some really great experiences where the item that I wanted was either underpriced or sometimes even free. But I have also had a few situations where I "bled through the nose" while adding a treasured item to that group.
One such item was an 1862 dated presentation sword for a Captain in the 4th Michigan. I paid dearly for that sword, and I was told by many dealers and collecting friends at the time that I had overpaid and would never get that amount back from it if I ever sold it. They were probably correct, as they had many more years of experience in the field at that point in time. But, in my eyes, I had never intended on buying the sword as an "investment". I bought it because it was probably going to be the ONLY opportunity that I would ever have a chance to own. And now, some twenty years or so later, that seems to have been prophetic. Only one other 4th Michigan Infantry presentation sword has ever been put on the market since my purchase that I know of. It was a very nice sword that sold for something like $30,000, and that was quite a bit more than I had paid for the sword that I still own to this day. I have always enjoyed owning my sword and do even to this day. Was it expensive for me at the time....it certainly was. Will I ever get my money back out of it...probably not. But at the end of the day, I am one of only three people that I know of who own presentation swords from a soldier in the Fourth Michigan Infantry. Please don't misunderstand what I'm saying. I am not boasting about my ownership of the sword. I am humbly appreciative for my good fortune in being its current owner and have no regrets about the price I had to pay. Prices and values fluctuate over the years, as does the amount of our disposable incomes. But one must also consider the odds of ever having another chance of owning that "carrot" that so many of us collectors have been chasing for so long. I'm sure that many of you know exactly what I'm talking about. It seems that I rarely ever come across a treasured item when I've got a pocket full of cash. More often than not, those kinds of things only show up when I have a wallet full of dust. Thankfully, there's always credit cards and layaways when desperation calls.