Posted on 12/18/2019 at 11:00 AM by Sadye Scott-Hainchek

Today’s second dose of expensive early-edition books: a signed first-edition Harry Potter book picked up for just a penny has been sold for £2,300 (over $3,000).

Mark Cavoto told the Scotsman that he realized about ten years ago that there was a profitable secondhand market for J.K. Rowling’s books about the boy wizard, so he began buying them for just a penny and reselling them for £10 (about $13).

One of his daughters opened a recent delivery of Harry Potter and the Chamber of Secrets and commented that it was marred with ink.

And then she actually read the inscription.

"She stared at me and said, 'Oh my God, it's been signed by JK Rowling — and it's a first impression,’” Cavoto said.

This isn’t even his first Harry Potter-related payday.

One of his other cheap purchases turned out to be from the second print run of Harry Potter and the Philosopher's Stone (or Harry Potter and the Sorcerer's Stone, as it's known in the US), netting him £4,600 (over $6,000).

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