Numismatic Hypothetical Question
erwindoc
Posts: 5,151 ✭✭✭✭✭
Lets pretend that you had 100K to spend on coins. No strings attached! No other debts at all, no mortgage, kids/grandkids are well off, etc. What would you spend it on?
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A great Gobrecht dollar
"Got a flaming heart, can't get my fill"
All the holes in my type set, namely all the most expensive stuff. Early gold, half disme, chain cent, flowing hair silver, all that.
Slabbed problem free US gold coins as close to melt value as possible.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Got Bust?
“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
Depending on what you collect, the problem isnt having money, the problem is finding the coin to buy. I couldnt spend 10k right now on the market because nothing I need is available out there.
Its pretty easy. I would spend as follows:
$50K on relatively safe value items (probably gold AGE) as close to melt as possible.
$15K to complete the IHC and 7070 coins. I would do the missing in MS, well all maybe except for the 1877 IHC
$20K to make a dent in my notes from Portugal collection, if I wanted I could probably get 3 notes to spend this much, but most likely would get 10 of the less expensive ones.
$15K on US large sized notes. I could probably get 7-8 for $15k.
If there is any left over I would like to get a $500/$1000 US bill.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
One of these...
...and if there was enough left over, one of these...
At last count, I need 78 coins for all my registry sets. 100K is not going to do it but it sure would make a difference.
Mike
My Indians
Danco Set
Nothing numismatic, I really would not be comfortable with that much money tied up in coins.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Pristine Buffalo nickels and IHC….
All day long
Right now?
I'd be leery in this market as a buyer. Sept 21 Long Beach I bought about 41 coins, 30 ms65 saints.
I wouldn't buy them at current prices.
I'd buy 61 or 2 pre 33 libs at spot but they aren't for sale at spot. AU 18th century but they aren't for sale either. If they are they didn't cross my eyes.
Review the cost of the various $100,000 sets in the PCGS price guide and picking a set to collect in the years to come. To avoid competition, I won't tell you which set I would pick.
Cool Question!
All Carson City Morgan Dollars in High Grades. Yes, even the 1895 Proof.
Can only dream.
"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.Not sure what they'd all be but there would definitely be a 1793 chain and wreath cent in Fine-Very Fine, and a decent 1799, not sure how much would be left over but I'd probably get a few middle date Large cents in High MS grades
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Start a Saint Gaudens collection, for sure. But yeah, pretty much in line with what has been mentioned above, because gold and silver are sound investments right now.
Dwayne F. Sessom
Ebay ID: V-Nickel-Coins
Why pretend? Isn't everyone in this financial position?
Nice Chain Cent.
I feel the market is too strong now; I would wait for a substantial break. JMHO.
I agree with @PerryHall, slabbed, problem free, U.S. gold coins, at or close to melt. Cheers, RickO
The ones that "got away", or I let slip ...
V75 privy AGE Proof
Reverse Proof AGE and Buffalo (forget the years at the moment).
... Mmmmaybe the recent "bucking horse" gold 1oz coin. I actually prefer the eagle on the reverse of that 1 - wish they used THAT on the Type2 AGE.
I would go to a show and look for something that wows me!
My YouTube Channel
$100,000 is not enough for the things I would want, but I think I could finish my half dime and seated dime set with that kind of money.
Custom album maker and numismatic photographer.
Need a personalized album made? Design it on the website below and I'll build it for you.
https://www.donahuenumismatics.com/.
I'd buy the best 1921-S Walker that I could find in 64.
With the leftover money; I'd buy a nice 1916 SLQ in 64 FH.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
About $40,000 investment graded US large size currency. FRN, NBN, etc.
The rest $60,000 would be quality slabbed world gold. Mexico 50 Peso, some Vatican, etc. in addition to Mexico quality 2nd republic low pop. Slabbed Silver issues. Possibly some raw pickoffs sent in for slabbing. Also some high grade early 20th century Caballito pesos.
This is an easy one!
The heck with more coins. I'd spend it all trying over and over and over to buy CAC stickers. Then I'd be "somebody"! Plus my money would be going to the place that does the most for the hobby and collectors instead of going to some greed based entity.
You gotta put your money where the real value is!
I have other priorities for an extra $100K but if I did use it for this purpose, I'd buy the same coins I buy now in my primary series. Since there isn't even close to $100K to buy publicly (usually nothing at any given time), I'd only have the option of buying directly from collectors, assuming I could find who owned it and the premiums over "market" aren't excessive.
Half cent type set with all Sheldon die varieties
High end gold type set
Basically something interesting and fun to enjoy
Getting as many branch mint gold dollar coins as I could in reasonable grades. I could probably get 10-15 graded between 55-63.
TurtleCat Gold Dollars
Saw one going for $2400 at one of the auctions
https://www.liveauctioneers.com/item/136574620_2021-american-liberty-high-relief-1oz-gold-coin
And if you scroll down, there's a few more that are coming up
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
I would put a down payment on one of the 1964-D Peace Dollars . . . . .
Drunner