Grandpa Bill continues today talking about The BH Sales Kennel Kelp 7K Coolest Collectible Coin Club. Today highlighting


An American Life: Benjamin Franklin Coin Series 


Benjamin Franklin+Who was he?

Signer of the Declaration of Independence
Champion of democracy
Inventor
Writer
Scientist
Diplomat

But did you know he was also an investor in precious metals?


In fact, when Benjamin Franklin died he bequeathed 1,000 pounds sterling silver (worth about $4000 at the time) each to both his birth city of Boston and Philadelphia, the city he’d called home since he was 17 years old—with stipulations.


For the first 100 years, the silver was to be used to give small loans to skilled workers, enabling them to start businesses of their own.


For the second hundred years, the cities could use the funds for public works projects. At the end of 200 years, in 1990 the funds were released for each city to use as they saw fit.


Franklin was fascinated by the concepts of compounding interest and financial gains made over time. What had begun as a relatively small amount of silver bullion invested wisely grew to nearly $7 million dollars. Enough to fund the construction of two large buildings.


The Benjamin Franklin Institute of Technology in Boston. And the Franklin Institute in Philadelphia

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