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If someone dropped 100K in your lap, how long would it last?

MrEurekaMrEureka Posts: 24,404 ✭✭✭✭✭
in U.S. Coin Forum
Your rich uncle just gave you 100K for your birthday. The only catch is you have to spend the money on rare coins. How long will the money last?
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.

Comments

  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    100 minutes
    image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>Your rich uncle just gave you 100K for your birthday. The only catch is you have to spend on rare coins. How long will the money last? >>



    It depends on what opportunities presented themselves and when they did so. I would probably blow $20k fairly quickly, just to take the pressure off. After that, I would have no specific timetable and could easily see the money lasting one year or longer.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BBNBBN Posts: 3,761 ✭✭✭
    Pay debts first, then invest the rest. I'm glad I broke myself of the "electronics junkie" mentality. I know people that have every gadget and doodad known to man and tens of thousands in credit card debt attached to each of these objects that rapidly depreciate.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • sparky64sparky64 Posts: 7,041 ✭✭✭✭✭
    Uncle MrEureka,
    Thanks for the chance on your latest giveaway.

    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

  • MrEurekaMrEureka Posts: 24,404 ✭✭✭✭✭
    Pay debts first, then invest the rest.

    Read the rules and try again!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • dwsswsdwssws Posts: 2,166
    wouldn't last long that is for sureimage
    steve

    myCCset
  • BBNBBN Posts: 3,761 ✭✭✭


    << <i>Pay debts first, then invest the rest.

    Read the rules and try again! >>



    Gold, sell enough to pay off debts and leave the rest as investments. image

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • fcfc Posts: 12,793 ✭✭✭
    quite a while actually while i waited for the rarer key dates of the
    half eagle series to pop up. basically the civil war dates like 64S.
  • MrEurekaMrEureka Posts: 24,404 ✭✭✭✭✭
    It's all about the opportunities. I'd last until May 26th, or maybe September 12, but certainly no longer.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • tombrtombr Posts: 863 ✭✭
    100k That's all ?
  • WalmannWalmann Posts: 2,806 ✭
    There are five key coins that I would try to buy fairly quickly if available total of about 30K for those. After that I would take my time locating quality coins to finish out the sets that I'm working on. Finding quality coins would be what would determine how long the money would last more so than the dollar value in this case. I would guess a year or so if I dont compromise what I'm looking for.
  • LickThoseStampsLickThoseStamps Posts: 1,028 ✭


    << <i>Pay debts first, then invest the rest.

    Read the rules and try again! >>



    Maybe they are coin debts.image
  • tydyetydye Posts: 3,894 ✭✭✭
    I would try to stretch it out for about a year or more. 3 annual coin shows that I usually attend and my usual weekend jaunts. I would attempt to stay within the realm of coins I collected prior. Maybe one or two exceptions. A nice F-VF 1796/7 Half
  • DeusExMachinaDeusExMachina Posts: 1,325 ✭
    I'm with RYK. I think I could blow through 10-20% right away. The balance would probably take much longer to spend.
  • woodardcoinwoodardcoin Posts: 703 ✭
    It would last a while as I would search for just the right coins to buy no more widgets .
    Thanks

    JP
    Capped Bust Half Dollars by Variety & Die State Pictorial Refrence
    image
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭


    << <i>Your rich uncle just gave you 100K for your birthday. The only catch is you have to spend the money on rare coins. How long will the money last? >>



    Long enough to get that 1932-D ms66 Washington...if I could find the rest of the money someplace. image

    Here's a warning parable for coin collectors...



  • coinut1799coinut1799 Posts: 318
    I would probably try to prioritize my want list and, as you stated, wait for the appropriate opportunites (i.e. auctions). The money would probably be gone by the end of the Baltimore ANA.
    No good deed goes unpunished
  • CB2597CB2597 Posts: 3,042
    The moment that auction winner for the PCGS MS69 1907 $20 Wire Rim High Relief lowers his price by about $417,500. He can have my $100K imageimage I mean your 100K...Are you my long lost uncle? image
  • MrHalfDimeMrHalfDime Posts: 3,440 ✭✭✭✭
    The problem for me is that the coins that I would like to purchase with that sort of budget do not come along every day - they are rare. That is why they call them rare coins. It's not like a 1909-S VDB Lincoln or a 1916-D dime, which can be purchased in any grade any day of the week. A 1792 half disme or an 1802 half dime, or even a 1797 13 stars half dime can only be purchased when one of the very few owners decides to sell. You must then be ready to strike when opportunity knocks. Of course, this is all based upon the premise that the IRS does not deplete that $100K down to an unrealistic level before I even get the chance to look.
    They that can give up essential Liberty to obtain a little temporary safety deserve neither Liberty nor safety. Benjamin Franklin
  • BBNBBN Posts: 3,761 ✭✭✭
    If for coins only I'd try to perfect my 7070. Fill the rest of the holes with as high grades as possible and then upgrade what I can with the leftover money.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • IGWTIGWT Posts: 4,975 ✭
    With the right combination of luck and diligence, I'd rip through $100K in 7-10 years.
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    The stuff I am looking for is not common, I would probably splurge on a Turbin Half Eagle or two and keep working on my Classic head Variety set while filling in blanks in the more common Indian Half Eagle set.

    My guess is that would last about 2 years.
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    Would spend about half on a nice PCGS AU Chain cent, and then the rest on a nice silver Libertas Medal.

    If I DIDNT have to buy a coin item? I would buy a Norman Rockwell drawing.
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    A couple days hunting down 3-4 coins I missed in the last few years. image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • foodudefoodude Posts: 3,577 ✭✭✭
    A show or twoimage
    Greg Allen Coins, LLC Show Schedule: https://forums.collectors.com/discussion/573044/our-show-schedule-updated-10-2-16 Authorized dealer for NGC, PCGS, CAC, and QA. Member of PNG, RTT (Founding Platinum Member), FUN, MSNS, and NCBA (formerly ICTA); Life Member of ANA and CSNS. NCBA Board member. "GA3" on CCE.
  • njcoincranknjcoincrank Posts: 1,066 ✭✭
    I would like to think it would get me through set-up at the next major show I did, if not the following Friday.

    njcoincrank
    www.numismaticamericana.com
  • DJCoinzDJCoinz Posts: 3,856 ✭
    I'd probably spend about half of it within a few weeks and then sit on the rest for a couple years waiting for the right opportunities to present themselves.
    aka Dan
  • jdimmickjdimmick Posts: 9,772 ✭✭✭✭✭
    Till the next significant auction!
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    Id spend all mine by the end of May.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • howardshowards Posts: 1,241 ✭✭✭
    > If someone dropped 100K in your lap, how long would it last?

    Until I stood up.
    Howard
    http://www.shieldnickels.net
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    about as long as it would take you to drop a cookie after eating at an allday chili-festimage
    image

    Go BIG or GO HOME. ©Bill
  • CaptHenwayCaptHenway Posts: 32,694 ✭✭✭✭✭


    << <i>Your rich uncle just gave you 100K for your birthday. The only catch is you have to spend the money on rare coins. How long will the money last? >>



    That depends. Am I dressed when it happens?
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,694 ✭✭✭✭✭
    I would scour the globe looking for Cheerios dollars in the original packaging.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • DHeathDHeath Posts: 8,472 ✭✭✭
    100k is plenty to have invested unless you're a flipper or you have a very long strategy. I'd be content to build a journeyman's collection, plenty diverse, and to take my time. JMO
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • IGWTIGWT Posts: 4,975 ✭
    Until I stood up.

    image
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,552 ✭✭✭✭✭


    << <i>I would scour the globe looking for Cheerios dollars in the original packaging.
    TD >>



    image

    Territorial and Patterns... That'd be my focus.

    TD you are too funny.

    ``https://ebay.us/m/KxolR5

  • CaptHenwayCaptHenway Posts: 32,694 ✭✭✭✭✭
    What makes you think I'm kidding???????
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • stev32kstev32k Posts: 2,098 ✭✭✭
    I have no idea how long a $100K would last because if someone gave me that much I would drop dead on the spot.
    Who is General Failure, and why is he reading my hard drive?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,552 ✭✭✭✭✭


    << <i>What makes you think I'm kidding???????
    TD >>



    I quoted the wrong entry image...
    And I suppose what you are wearing has no bearing. But that sure made me laugh.

    ``https://ebay.us/m/KxolR5

  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    "I WISH" !!!!

    But if it happened:

    (1) Buy the complete Pan-Pac set with copper frame.

    (2) finish my FE/IHC set

    (3) complete my US Type Gold set

    (4) finish my Cuban & Mexico Gold type sets

    Remainder would go towards whatever sparks my fancy image
  • CaptHenwayCaptHenway Posts: 32,694 ✭✭✭✭✭


    << <i>

    << <i>What makes you think I'm kidding???????
    TD >>



    I quoted the wrong entry image...
    And I suppose what you are wearing has no bearing. But that sure made me laugh. >>



    Here at the rehab center pants are somewhat optional.......
    but ya gotta wear the horsepiddle gown!!!!!!!!!!!
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • LakesammmanLakesammman Posts: 17,450 ✭✭✭✭✭
    It would last until a certain territorial came available. I could come up with the balance somehow. image

    I'm with TD - cheerios sacs would get my attention too.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • tradedollarnuttradedollarnut Posts: 20,197 ✭✭✭✭✭
    It would last exactly how long it took to find a coin worthy of spending it on.


    (1) Buy the complete Pan-Pac set with copper frame.

    Is there a circulated one? image

    Early Dollar Set

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