The recent Mega million Lottery.
joeykoins
Posts: 16,593 ✭✭✭✭✭
Hi guys, you may have heard someone won in my home state, Illinois.
Well, NO, it's not me! Impossible, I didn't buy a single ticket, I don't gamble. Lol
Imagine what kind of coin collection that person can have?
What kind of coins would you purchase?
I would hunt down all the top PCGS grades of the Morgan Dollars, esp the CC's!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.2
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I had two of the five numbers, no powerball. Not sure what it is worth yet.
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Wow!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Another ticket or maybe $5 or $10 bucks! I usually buy a ticket or 2 when it gets this high...but never did it this time.
@joeykoins buying these tickets is not gambling. It's a sure thing you are going to lose. Thin of it as a donation to your state and local government.
I would monopolize ALL the "W"
Quarters!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Tell that to the billion dollar winner along with the 20 $1 million and 6 $2 million winners.
This one
https://forums.collectors.com/discussion/1079202/amazing-1906-gold-cent-on-mexico-5-peso-found-searching-bulk-coins-at-show#latest
Incredible!
Is that the IHC with ridges on its rim?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.It has words on the rim!
A friend and I went out to lunch Friday and the topic of the shear enormity of such a prize came up.
I told him, if I ever win something like that I'm going to invite maybe 15 to 20 of my best friends throughout life, and some family members to a "gathering" ... without telling them the subject. I'll have it ready with all the legal setup, and although I may take more than one share, everyone else will get an equal share of the prize.
Too much for one person. By splitting it, I think we could all find inherent ways to do good, and more good would come of it.
The only condition. You have to show up!
We finished our lunch and on the way out, he looked at me and said, "If I ever get a unusual invite from you to show up somewhere, I'm damn sure coming!"
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
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Bought 5 tickets, not even one single number hit. But if I won a top notch $50 Octagonal Pan PAC. Always wanted one, love the shape and weight.
I spent about $50 chasing this dadburn thing over a couple weeks. $20 on the last billion$ drawing.
Between 2 lines of numbers, I won $14. yay me.
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Other than make a nice 50s/60s/early 70s Topps baseball sets, try to get near all the NES/SNES games and perhaps my most recent hobby, coin collecting...I wouldn't even know what to do with most of it.
Though don't get too excited...the jackpot was up this high for a reason. Even the second prize has about one in 12.6 million odds. I think I read somewhere you're more likely to get killed on the way to or from buying the ticket than winning the jackpot.
PS: Hey, the first number is our anniversary, 17! And the second number is my birth month, 3! Wow I guess the Simpsons really can predict stuff!
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 241,435,610,654 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
This one.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
I would have to re-evaluate the entirety of my collecting. I’d have to learn about entirely new sections of collecting. I can assure you I’d no longer be saving up for months to spend a couple hundred bucks on a Morgan or Walker. Might keep buying Morgans and Walkers, it they’d be a different kind of special.
I’d definitely have a nice Gobrecht dollar
Quick, go find a mirror and look very hard at that person there! They didn't win. Seriously though, I'd like to say I'd stay grounded, though maybe I'd chase a few more crazy toned Morgans.
10-4,
My Instagram picturesErik
My registry sets
nuttin; you need to get at least 3 numbers sans megaball which pays $10.
All of them,,,,,,,,
Imagine combining the Bass, Hansen and O'Dowd collections?
If I were to win such a prize, coins would be the furthest thing from my mind.... at least for a couple of years. Such a windfall brings a true 'life tornado' to the winner. Managing the money is only part of the picture. Such winnings have destroyed a few people - the history of some winners was published in the days leading up to this drawing. Cheers, RickO
True, spending $100s of millions on coins right off the bat could have unforeseen consequences.
That being said, spending in moderation is still good as for some coins, the opportunity to buy is as rare as seeing the coin itself, or even more rare.
@Zoins .... Moderation indeed. And then managing one's life and the untold hundreds of relatives one did not even know existed
, the charities - real or contrived, solicitations for causes one did not know existed, etc., etc., etc.. Cheers, RickO
I've read a few of the stories. My thinking is that if you spend as you normally would on "things", it's hard to go wrong. After all, there's only so many cars a typical person will buy. It seems that when people get into "investments" is when things could go really off track.
@Zoins... I agree... However, it is the major outside influences that never existed before that become the 'life tornado'. One's life just does not continue as before the major winning. Cheers, RickO
A good approach to mange the tornado may be to not tell anyone for a few years. It may be hard but I'm sure some winners do it, the ones not in the news.
Are you kidding?
Coins would be at the bottom of the list.
Mansion / estate in exotic place, high end sports car, yacht, girls…..
While talking about this with another member on the day of the drawing I had not a single numismatic future acquisition in mind had I won.
This is probably why coins will never sell for as much as other items....
My first thought was a giant scrooge-mcduckian vault full of gold coins.
I'd probably be one of those stories on the news before the next big drawing.
lol
Instagram
Plus lawsuits from people that you supposedly wrong in life, esp. if you ran a business like the guy in Ohio. You might be smarter to have someone broker you a private sale for the ticket for say $50 million. You'd have less money, but maybe a lot fewer headaches. Just a thought.
I'd buy a few monster boxes of one ounce gold eagles or buffalo/es.
I heard some business guy brought $55,000 tickets. Heard he as not big winner, fwiw here and a hear say
Honestly I’d rather win a smaller one in the 10-20M range. A lot less headaches.
My YouTube Channel
Get this guys!
Just got this news. I just got word my nephew used to go to high school with the person that WON! Yep.
WOW!
CRAZY
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I would fill all the remaining holes in my current collections with similar-grade coins. Then I would expand into the series (like large cents, Barbers, SLQ's, etc) which I never managed to get into, and do likewise. THEN, I would get 1 beautiful example of each representative coin in a high grade to fill a type set album. Then I'd be one with the Universe and at peace.................
Time to look him up and tell him how much you’ve missed him since high school... new best friend!
If I won I’d finally get that 34S peace dollar....
Well, if you believe some folks (Jeremy might get this...) 17 is the most random number...
Wonder how much $ I need to assemble a complete set of Seated silver + Liberty Head gold.
The jackpot would certainly be way more than enough.
"You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."
A billion? I guess I'm wealthy by most worldly standards, but a billion is a completely different animal. The interest alone would be six figures per day. There isn't any part of your life it wouldn't touch, and in reality, you'd be incredibly burdened by the weight of it. You'd become an instant target for fraudsters, invite endless legal challenges, have loads of "new friends", and those members of your family not trying to get their hands on it would be under constant threat. I would put the odds of being less happy vs more happy at 100:1. Life would be exciting and entertaining, perhaps, but satisfying..... I doubt it.
As far as coins, there's a good chance I'd concern myself with new and different hobbies. If there's no challenge to something, it sort of stops being fun.
all of them
If you kept it strictly as cash what is the highest SAFE [essentially no risk] return that one could expect to get? A half percent? 2%? More? I assume the lottery folks pick the safest and best place to purchase their annuity from. I haven't heard of any places where the lottery defaulted on a payment and the state assumed the responsibility.
A $400 million sum invested at 1% would generate $4 million per year or about $10,960 per day and more if the interest was compound and paid daily.
It's fun to dream, but it might be more trouble than it's worth esp. considering safety of your family.
Your heirs might have fun dumping them into a Coinstar machine!
Why on earth would you invest it at 1%? Sounds like financial malpractice to me. Not keeping up with inflation doesn't sound very safe.
Take the annual average of all the money you spent $5-$10-$20 at a time on Lottery tickets over the last 10-20 years and compute what it would have done for you had you consistently put that same amount into a good growth and income mutual fund. You might be very surprised. Not that it isn't fun to throw a couple bucks at a big jackpot.
RIP Mom- 1932-2012
It was just an example. Also to show that the interest on the lump sum payout would not be 6 figures per day even at a 5% guaranteed return. Even a 1% return would generate more income than most people will ever need. Fortunately, now is a very opportune time to get into the market.
I might however pick up some MS 1893-S and 89-CC Morgans.
How 'bout a whole BU roll of 1955 Double Die Cents?
Let's see, approx $2500 for each one?
$2500 × 50!!!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Oh plez, that is the oldest trick/cliche in the book! No lottery winner would be stupid enough to fall for that "I'm just now your awesome friend!" bit...right?
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 241,435,610,654 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
...next coin I'm looking at for my 7070 type set... 1859 IHC in ~AU50-ish.
Only, I'd likely not get outbid... lol...
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