Assume you have ten years and 100K to spend...

MrEureka

Assume you have ten years and 100K to spend on coins, and only 100K, how will you spend it?

Personally, I would pick a project that would keep me busy for the full ten years. I wouldn't want to spend it all in month one and remain idle for the next 10 years. But that's just me.

What would you do, and what would you collect?

mozeppa

easy

k-rands....all today.

Mercury10c

A PCGS date and MM set of top-pop Franklins. I'm not sure how much that would cost.

AUandAG

Spend the interest on coins yearly and then buy one big one at the end!

Oh my, that's my take!!

bob

speety

I would buy one of each new item the mint puts out....nevermind that $100K might not last all 10 years

Honestly, i'd finish off my seated dollar set and maybe upgrade a couple that i have right now....if there is any left over. The 1851 and 72-cc would suck most of it up.

GoldenEyeNumismatics

$100k eh? I've always wanted a full roll of XF/AU Lib Double Eagles, so I'd start off with that. Then I'd get a real nice '55 DDO. Then I'd buy that Brockage Morgan you've got, MrEureka, and maybe a few other nice errors.

And the balance in territorials.

roadrunner

Considering that in 10 years, any money not spent will be worth 50% or more less than today, I'd allocate it all immediately and forget the remaining 9 years and 11 months. But that's just me.

Even a simple 3% inflation rate nets a 34% loss in buying power.
I'd collect Weimar Republic inflation notes. I like big denominations and history.

roadrunner

ModernCrapNut

I'd spend it all on gold coins that are close to melt tomorrow.

coinlieutenant

If I was doing it for fun...I would collect Swiss 5 Francs and I would buy them as they came available. Doesnt seem like anything comes available as it is. Couldnt miss a chance.

If I was doing it for investment, I would buy Swiss 5 Francs here and then sell them in Euros 10 years later.

J

Aegis3

I could probably make a nice set of medals issued by the American Numismatic Society for less than that. Probably also Class head half eagles by die variety, though I'd have to check what average grade would need to be used for those. Maybe even both. And probably throw in a nice circulated Columbia & Washington medal along the way (probably not with both collections combined). Of course, that last item I'm not sure one would come available in the next ten years.

Or maybe a nice set of medals depicting famous numismatists (though I do think I'd have plenty of money leftover and wouldn't near "completion" anyway). An issuers set of encased postage stamps may work, and is probably completable in the time frame and money frame.

Aaron04

I would probably get 100k worth of rolled change from the bank and spend the next 10 years looking for silver dimes and wheats LOL.

MrEureka

I'd build a collection of silver coins of the Central American Republic. I think I'd have trouble spending all of the money in ten years, which is a good thing.

JeremyDie1

Ouch. I hope not.

Baley

about the same way I plan on spending the next 10 years..

working on a complete US type set 1793 - 1964, and sets of draped bust quarters and halves by die variety

TwoSides2aCoin

Okay, let me for discipline's sake think U.S. Coins. Not investing or anything else. Just U.S. Coins.

Well Statehood quarters would be out, for sure. I have to think some more

ChuckC

mercs ! big unc set

DoubleEagle59

gold coins at melt.....can't go wrong (IMHO)

FilthyBroke

<< <i>Spend the interest on coins yearly and then buy one big one at the end!

Oh my, that's my take!!

bob >>



That sounds like my wife talking! Makes a lot of sense, though.

Maybe just a few grand up front? How much would the interest be, anyway? I can go through some cash, now!

RTS

$10K per year on early quarters - one or two quarters a year.

bstat1020

I would buy the nicest key dates and hard to find coins I could get my hands on!!

1794half1839

Swedish copper "plate" money. Those emergency issues have some cool history and are impressive to look at. I would also buy up bags of junk silver to search through.

Doogy

Great Britain Crowns (big shocker, huh). 1821-22. Victorian 'Gothic' and 1887-1900 i'd buy as many MS/PF examples that i could get my hands on, and have a blast doing it!

Edit: and since they are still relatively undervalued, i'd buy the majority of them in the first 2 years and spend the other 8 years relishing my finds!

ambro51

This statement got me in trouble before.....but given the fact of the nearly century long appreciation of the most collected well know coin in the USA,

I dont think you could go wrong in buying every PCGS MS64 and MS65 RD 1909 S VDB you can lay your grubby hands on.

(without a doubt there are many who feel that sooner or later the values on this coin will crash, and it will be thirty dollars a pop again.)

Of course, if youre not looking to spend at once, and enjoy appreciation of value, you could search out and buy for the OTHER fifteen cameo proof buffalo nickels.....Im not selling mine.

DennisH

A date set of 17th century European talers; 1 different design coin from each year between 1600 and 1699. And to make it more challenging I'd only want coins that I could get into PCGS holders.

10 years might not be long enough.

Colquhoun

I would blow it in one minute on 3 coins from someone that posts here. But I would be bery bery happy.

oreville

Ten years?

Not enough time! I want forty years!

sfs2002usa

Invest!

100K at 4% gives you 4K/yr for some nice coins!
And you get to keep the original capital.

MidLifeCrisis

<< <i>This statement got me in trouble before.....but given the fact of the nearly century long appreciation of the most collected well know coin in the USA,

I dont think you could go wrong in buying every PCGS MS64 and MS65 RD 1909 S VDB you can lay your grubby hands on.

(without a doubt there are many who feel that sooner or later the values on this coin will crash, and it will be thirty dollars a pop again.) >>


$30 a pop? For MS64 and 65 RD? I think these coins are over priced, but I don't think any of us will live to see that.

I would build a type set of colonial era coins in the best grades I can find them. I would take my time, but I would buy the major rarities when they became available. If my money ran out before the ten years, I would sell off the least favorite coins and trade up until I build the ultimate box of 20.

BECOKA

I'd flip modern stuff for the first few years until I had enough capital to keep the flipping business going while purchasing nice classics with the profits.

Either that or some aggressive mutual funds and spend the profits on coins as they became available.

rgCoinGuy

Mozeppa could have already flipped his K-rands for 125k

RYK

Knowing myself as I do, I would find it very difficult to stay interested in coin series for ten years. My idea for a pattern denomination-type set might be the closest thing and, because of the variety of issues and relative scarcity, could keep me interested for ten years, while consuming $100,000. Otherwise, coins are either too available or too expensive to keep me occupied for that amount of money and time.

wayneme

Give it up Oreville
your not that young

Zoins

1) Invest
2) Go do something while it appreciates
3) Buy 1 coin
4) Enjoy the rest of the 10 years

lordmarcovan

I could see myself putting ten years and 100K into this Roman Imperial collection I'm working on. I'm not saying it'll happen (especially on my budget), but I've got one year and possibly $6K in it so far, and I am having fun while simultaneously learning a lot, both about the coins and about the people on them, and that period of history in general.

So while in an "investment" sense they may not be as lucrative as some of the other choices posted here, I will be reaping the combined benefits of learning and enjoyment from them. Any future monetary gain would just be icing on the cake.

You may recall my past Irish predecimal collection, Andy (since you were the one who bought it from me). I guess that occupied me for the better part of two years, and I had a lot of fun with it, but I am having even more fun with these Roman coins.

Zoins

And no, I'm not talking about mtc3015's $121,251 raw Civil War CCHD

BigRed

I would do a really nice type set with the gold page and add some key and better date coins throughout the set.

lordmarcovan

<< <i>I would do a really nice type set with the gold page and add some key and better date coins throughout the set. >>

A nice type set would be fun, and for $100K, you could build a REALLY nice type set if you were doing one along the lines of the Dansco album you mentioned. Since you mentioned the "gold page", I take it to mean you would still be collecting the coins raw, in an album?

If I ever got into that tier as a collector, I would likely do a Registry set instead of an album, but either way, the idea of a nice type set with some better-date coins is a good one, I think.

morgansforever

<<100K at 4% gives you 4K/yr for some nice coins!>>

A sensible idea, and safe.

I would dump it into cull morgans/gold, then finish my Mustang.

Go to Vegas, and go nuts with the rest!

BAJJERFAN

<< <i>I would buy the nicest key dates and hard to find coins I could get my hands on!! >>



Kinda what he said. Under these conditions I'd be looking more investment and less collecting. I think I'd be picking up every nice for the grade key date and better date coin I'd come across in my series of interest. Mite mean a lot of dupes or it might not. $100K wouldn't be THAT much money tho.