the.com/rare books

paper that appreciates faster than most stocks, if you don't spill coffee on it.

means books valued for scarcity, historical significance, or condition rather than just the words inside them.

from the trade formalized in the 19th century as wealthy collectors and libraries began chasing first editions and incunabula, but the instinct is old: monks hoarded manuscripts, and ancient libraries burned wars over them.

for instance

gutenberg bibleonly 21 complete copies survive, one sold for $5.4m in 1987

shakespeare first folio1623 edition, roughly 235 copies known to exist today

birds of americaaudubon's 1838 book, sold for $11.5m in 2010

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