You have 10K to spend at a show..........

Bustman

Do you buy one rare mega coin at $ 10,000? Or do you buy five semi rare $2000 coins

A take off on my quality vs quantity question. The problem with that thread was that everyone assumed that by saying quantity, I was talking about junk.

MastaHanky

In that case, I would probably buy five $2000 coins. Unless I had already completed the set, then I'd use the $10k to upgrade a coin, if possible.

Dave99B

I'd have to go for 14,500 G4 Buffalo nickels.....

Dave

DHeath

Bustman,

It's a great question, but the answer of course is that it depends on what was at the show. I would prefer to find several coins, but you might see that "I can't help myself" coin that ends the shopping.

wingedliberty

I would not buy a single $10,000 dollar coin. I would buy the following , which I believe to be bargains
and grossly underpriced in today's market.

Any NGC or PCGS graded from the following :

1. 1931D and 1931S Mercs in 63 and 64FB (Grossly undervalued!!)
2. ANY!!!!! Liberty Nickels in MS63(excluding the 1883NC)!!!
3. ANY Statehood quarter in MS67 or higher, (IF YOU ARE LAUGHING AND THINKING THAT THESE ARE
COMMON IN MS67 OR HIGHER, LETS TALK AGAIN IN 2009, and see who is laughing).
4. Kennedy 50c in DCAM69 from the 1960's and 70's.

I would rather buy 50 coins from the above categories with $10,000 than a single coin.
Let me know what you think.

Brian.

LanLord

For some reason I would invest in a Gobrecht dollar and anything else is just frosting.

Wisconsin

I guess I know of many $2000 coins that I consider to be quality, that I would love to own, so I would probably buy the five coins so I would have more to look at and study every night. I can see as my collection grows, I will probably feel differently.

Bustman

<< <i>For some reason I would invest in a Gobrecht dollar and anything else is just frosting. >>



Its funny you should mention the Gobrecht dollar. I had that Benson Pr62 Gobrecht dollar ( the blue toned one that someon here is using as their icon) in my hands at the ANA show. I had to pass on it due to some over spending in other areas.

wingedliberty

I could be tempted to buy a 1856 FE 1c with $10,000. I could see myself spending
that much on a single coin, if I had to get a single coin.

Brian.

IrishMike

Someone wants to sell me a 1856 FE for 10 grand, consider it sold, other than that how about 20 $500 coins.

IrishMike

LOL wingedliberty you beat me by a minute.

wingedliberty

Norte Dame:

Would you spend $10,000 on a key Franklin in FBL ?, or would you rather spend it on key type
like the 1856FE ,etc?

Brian.

goyankeez

...or 10 $1000 coins, etc. It depends on what you collect and how much more money you expect to have in the future. If I had $10,000 to spend at a show, I would spread it around a bit. I probably wouldn't be able to come up with $10,000 again any time soon. It depends on what I need for my sets. I'd make a list of what I need or what I can upgrade and go from there. There might be one coin I see that's a great bargain for $10,000. Or there might be 20 coins that I need for my sets that I decide to buy that add up to $10,000.

It comes down to what you collect and how you can improve your sets. Improvement can be one top pop coin, or 5 coins that are upgrades. With $10,000, it might be a better idea to look for the top pops first and then work down on your list. The reason is that you may not find these coins in the future and you have the money now.

Bustman

Just as I thought.....very different answers from the quality vs. quantity question!

wingedliberty

Nice registry set, Keep up the good work

Brian.

IrishMike

wingedliberty, its Notre Dame I buy Franklins, number one because I like the coin and like it more when its toned, I don't reckon I care if has FBL's, FS, FSB or any other microscopic addition to the grade that one cares to come up with. But the 56 FE or the Gobrecht Dollar with Pete's image on it, I'd spend the dough for.

Placid

I would look around at everything then decide what I liked the most and how much it would cost.

wingedliberty

It sure is Notre Dame, sorry , quick typing will do that. As far as superlatives go , such as FSB, FBL, etc.
I guess you would not shell out an extra $5000 for a 1945 Merc will fully split bands. I find the hobby
evenly devided among those who are strictly date/mm collectors vs. those who demand the ultimate
quality and strike. One of my friends is a passionate Roosevelt collector. He examines the bottom bands on the torch on every high end BU Roosy that buys. I wonder if there are others? Perhaps we will see an FT (Full Torch) designation on Roosevelts.

Brian.

IrishMike

Brian, to each his own, I respect those who collect what I do not, because I find my collecting tastes change. I've purchased coins this year that I thought I would never own.

wingedliberty

I agree, Collecting habits certainly change, I though that I would never own an SBA$, now I have
5 PR-69DCAMS. I would be interested in hearing how collecting patterns have changed for you and
other collectors.

QUESTION TO ALL: What is the one coin you own now, that you could not have imagined owning
two years ago? Not necessarily due to price, but due to collecting habits changing.

Brian.

lincolnSence

I could go one of two ways:

- I'd take 100 coins over to the graders table and try to get them upgraded after I promised the owners that I would pay a premium if they did. Old trick, but I was impressed!

- I'd chip in with some other lucky guy and try to talk someone into selling us a good rare lincoln cent (can you believe these prices lately?)

jtryka

I would buy 500,000 wheat pennies from the 1950s. Or, I would buy as many nice Unc double eagles as I could find. At least that's the plan for this weekend!

oldcameoproofsguy

I hate to say it but the last three coins I purchased are getting darn close to that 5 figure mark for each one. I think I would have to buy that 5 figure coin because that is just the point I'm at in my collecting and it is the price range of coin that I am currently interested in.

My Barbers

nucklehead

I would go the 5 coin option, one would be a nice 1916-D Mercury dime,a 1955 double die Lincoln cent,!995-W silver eagle and finally a few key O-mint Morgan dollars.Good thread.

zenny

how about one for 1.5k, one for 3.5k and one for 5k?

3 for 2k, 1 for 4k?

or, 4 for 1k and 1 for 6k?

show me the money, show me the coins, i'll give you an answer then.

sounds like fun any way you cut it....


p.s.- two years ago my whole collection would have surprised me as i only got back into this lunacy at the beginning of last year!

barrytrot

As nearly every other post has said, it would depend on what I "needed" at the time.

I have never actually spent 10k on one coin so it would be a bit to stomach but hey if I thought it should be $15k then it would be far more palitable (sp?).

Of course, I'd probably accidently buy some overhyped Modern for 10k that was worth 1k the next week

Either way, if you have 10k to "burn" on coins then your life can't be that bad

stujoe

Since I can't see myself spending more than a couple of hundred dollars for any coin, I would either buy a 50 to 100 coins with the 10k or leave the show with a lot of money left over.

itsnotjustme

If I could find the coins I like, I would buy 20-40 coins in the $200 to $500 range. Perhaps a couple more expensive to get nice type pieces of some of the early coins.