Thomas Baldwin is making a $5,000 bet that Barack Obama’s election will lead to prosperity.
Baldwin, a 67-year-old Birch Bay retiree, on Wednesday bought 10,000 copies of The Bellingham Herald’s election wrap-up edition. The front page shows the Democratic president-elect smiling and waving, with the headline “Obama wins.”
At 50 cents a copy, it cost Baldwin $5,000. But he thinks he some day could net a profit.
“I sat there thinking about that and I thought, ‘You know, what the heck, maybe there’s a market for it,'” he said.
The Herald still had the plates for the election-night publication when Baldwin called and was able to fill his special order, said Skip Gibson, the newspaper’s operations director.
Baldwin says he has a friend who sells old newspapers at trade shows and makes a profit. He thinks he may be able to do the same. For now, he says, he’ll wrap his newspapers in plastic and put them in storage.