You're watching...
Elizabeth Gott on her decision to auction off her family’s rare Lou Gehrig baseball to help her son pay off his student loans from medical school.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Here's one way to strike outstanding debt one mother is auctioning off of them -- home run the east ball.
From the 91828.
World Series to help pay off her -- medical school.
Bids are currently up to 50000 dollars and in -- much higher right now but experts estimate the ball could score as much as 200000.
Dollars.
-- go for more Elizabeth got -- hear it she joins me now wow.
Very exciting so so what is -- metal let me start with that is -- sentiment on apartment this baseball this -- This was in your family.
For -- -- right tells the story of how the.
-- came today yeah yeah hey I'm 1928 World Series.
One of -- -- members was in this stands with a friend and -- buy actually was hit.
By Lou Gehrig off they know their hall of Famer.
-- chair.
And Babe Ruth was on first base oh my gosh and he RBI Babe Ruth and and it was in the stands and my uncle picked it up.
And kept it -- -- and he kept in his cigar Stevie cigar place in Connecticut.
-- -- to his son.
Who gave it to my brother who gave it to my son.
For -- medical school president.
-- for medical school for it right he graduated from medical school -- and this was his president and my sense say here Monday's hold onto it for me.
And senator you keeping it by the way it was -- -- -- your house is that thrown in the wrong.
Alexander brown manager and I didn't.
Really it was really turn -- -- it was in the job.
While.
I mean I would check straight from time to time and teacher was still there right picture of the -- -- -- with better something like that every once in awhile you remember you have this incredibly valuable big lying around you know I -- it really associate.
A lot of value to it until I started to do some research a couple of years ago.
Only because I was just.
You know curious and I did I went online and I Baghdad a couple different people that -- involved in baseball memorabilia for -- Sotheby's.
Funding gave me a couple mornings and I eventually came up with this named David Hunt.
Who is sad the foremost expert on time baseball memorabilia and this is hunt auctions in Exeter Pennsylvania right at the website just and his -- bond auctions sound -- and you can actually put a date nine.
The ball.
Through hunt auctions dot com I think -- -- -- calling bid right now.
On and maybe and that the live auction tomorrow afternoon at the all star game yeah happening and I know they have a number of items -- my item is -- -- but -- so sweet.
The reason why you're selling this -- now -- been your family all this time I mean it's obviously has sentimental value added it its premier uncle.
But you are selling it to pay off your sad medical school loans how come -- means nothing to do that wanna do that.
I would I would like to say that you know it would be great to be able to keep this -- under you know lock and key in having in our family and pass -- on to the next generation.
But.
The cost his loans are astronomical.
On with the future of health care in this country.
On there is no guarantee he's been the evening DA will -- pretty Denton those lines in the first ten years -- this practice.
And I really feel that the timing is right -- and right now with the uncertainty in our financial.
Situation what did he say when you -- you're gonna do that well you know it's really you know it was one of those things where he -- and I don't wanna do it I feel very un American.
All -- I love the Yankees I love America and I don't really want anybody you know and I'm doing this.
But you know after -- thought about the kind of you know -- it's over 200000 dollars worth of loans.
And he felt that the pressure that he was angered to of course be the best doctor he -- d.s insurgent.
On and at the same time have to.
Pay back these loans it would be too stressful and it's better odds that he sell the bomb now on and get a fresh start and be debt free.
Now what is sweet loving mother your and it's notes that's a -- it's not like.
The ball's going way someone will have it also cherish and and hopefully pay you know 200000 dollars -- Sunday night that we heard that's the upward asked meant.
Of what this could possibly be where people only have until tomorrow right.
It's going to be auctioned -- connection with the -- -- -- we're gonna Kansas City tomorrow I think the times in which you can see the game on fox just throw that in -- -- The game is at 730 but the the auction actually goes from 10 in the morning at the fan -- out there intend to.
Well what's your wildest dreams for the price on this but of people -- -- -- it's just that's you can tell me.
And that.
And really want to put a price sunny you know and it is really priceless as far as I'm concerned.
And night and it has been difficult and now I -- You know.
-- hope that the next donor.
Head is wonderful luck with the bomb terraces it is in great collector you out wood eleven army aren't up thanks for coming on the best of luck now my -- thanks for having me are.
