How much money would you have to have before feeling comfortable buying a $10,000 coin? How about a

dan1ecu

I figure that if coin costs any more than, say, 1% - 2% of my net worth, then I'd probably be better off not taking the risk. I personally would rather spread my money around and buy a greater number of less expensive coins.

At that rate, I don't know if I'll ever buy a $10,000 coin, and I almost certainly will never buy a $100,000 coin! Of course, I could some day change my mind and be willing to spend a higher percentage of my net worth on a single coin.

What's is your policy regarding how much to spend on a single piece?

Dan

BillJones

The question is too hypothetical. As an experienced coin collector and dealer, I'd buy most anything with the last of funds if I knew it was bargain that I could flip for fair sized to large profit. Otherwise, if I'm collecting it and it's not a "give away," I'd be a lot more conservative.

LAWMAN

Buy to hold long-term or buy to flip for quick bucks? Big difference in answers.

flaminio

I like to think of my coin purchases in terms of "X", where "X" equals the amount I can spend on a coin without getting into trouble with the wife. I can occasionally get away with a "10X" coin, and I once bought a "100X" coin and survived. For me, $10,000 would be about 400X, and there's almost no way I could ever get away with that. $100,000? Even I would smack myself silly if I ever paid that much for a coin.

airplanenut

I would need at least $10,000 or $100,000... don't want a bad credit rating before I turn 18

mgoodm3

Need to have the cash available so that you can still pay all of the bill and other expenses after the big purchase.

Neptune

maybe a couple million - maybe a million.

Wisconsin

Just enough topay for the coin

JMOORE

I would be comfortable buying a $100,000 coin now............................

But my wife would KILL me

hetman

I have a few $1000 coins but I don't think I'd be ready (or able) to go much higher on a single piece.

BDP

I'd have to have a few million in the bank and making a top salary before I'd feel comfortable buying a coin that expensive.

ms70

<< <i>Just enough topay for the coin >>



Me too! If I really really REALLY had to have a particular coin that cost that much, I'd save like crazy for it by selling all kinds of non-coin
junk on eBay until I had enough. I've done that before but not $10,000 worth. Now a $100,000 coin? Forget it. It's unlikely I'd ever be
able to come up with that amount & if I did I'd put it toward the principle on my mortgage.

When the 1933 Double Eagle was coming up for auction there was a huge Powerball Lottery just a few weeks prior for something like
$200 million+. I would have been the high bidder on that baby and not batted an eye, simply because I would have had so much
money left over that it wouldn't have mattered!

DeepCoin

The key to my series, 1916-D Mercury dime, will probably run me about 10K when I finish my set... a few years from now. If I have the disposable funds for that level of coin. But I will buy a quality PCGS coin and have a number of my friends view it first. I see little risk.

PS, I am single.. so that makes a difference.

jdimmick

I have bought a couple in the 10k range, and never thought a minute about the purchase. No not becuase I am rich by any means, beauce I am not, but because I consider myself a smart buyer.

If I ever get to the point were I can drop 100k on a coin, I know several that I would like to have and if I had the money, wouldnt think twice about it.

khayse

Enough to flee the country and start a new life when my wife found out.

I would feel comfortable buying a 10K coin now. I haven't got to that level but I could sell some coins now and buy one.
(I guess I just like many of the cheaper coins.)

$100,000 coin? I'd probably have to have $2.5 mill.

-KHayse
ps maybe "comfortable" isn't the right word. I could do it now but I would be a bit apprehensive.

Stuart

If I were to invest 10,000 into a single coin it would have to be a certified high denomination (large coin) classic like either a high grade Bust Dollar (Flowing Hair, Draped Small Eagle or Draped Large Eagle) or perhaps a MCMVII $20 High Relief Saint Gaudens in MS-62 that would be the centerpiece of my collection and which would complement the rest of my collection rather than distract from it.

Wondo

$10k

BAJJERFAN

Depends on how badly I wanted it. I would want to know that I could have it paid for in a couple months.

nwcs

For my comfort level, I'd have to have around $100,000 minimum in liquid or near-liquid assets before I would even begin to possibly think of buying a $10,000 coin. And for a $100,000 coin? Think powerball lottery.

oldcameoproofsguy

IMO,

A $10,000 coin with absolute rarity (not conditional rarity) and outstanding eye appeal will always be very liquid. For me, if I've paid my bills and feel comfortable in my finances a five figure coin that blows my socks off is a no brainer.

Edited to say that a $100,000 coin will never find it's way into my collection.

BigE

I spent 16K on a coin 3 years ago when I didn't really have the money but I found a way to pay for it and I still have it and it is worth a lot more-------------------BigE

Thenewguy

A heck of alot more than I have now...
Jorgy

hookedoncoins

I don't think I could ever buy a $100,000 or perhaps even $10,000 coin... for security reasons alone. If I buy a coin, I don't want to keep it at the bank where I can't view it, and if I put it in the safe, I would be super paranoid.

Newmismatist

$10K + gasmoney to get home

Robgetty

I'd need to have a lot of "crazy money" from lotteries, etc, before I could
spend $100,000 on a coin. I have 1 $3,000 coin, and 1 $1,000 coin, and
my whole set is around $25k so I could afford a $10k coin if I sold a chunk
of stuff off, but I would feel weird with such a valuable coin by it's lonesome.
Maybe decades down the road if my set is worth closer to $100k I might sell
off enough to buy a $10k coin. Right now I just don't have the disposable
income to spend more than about $100 a month on coins.