If you were given $50,000 but had to spend it on 1 coin...
MidLifeCrisis
Posts: 10,550 ✭✭✭✭✭
...what would you buy?
Why?
1 coin = $50K = ?
Why?
1 coin = $50K = ?
0
Comments
Why? It would be cool to have one.
60 years into this hobby and I'm still working on my Lincoln set!
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>15-s Pan pac $50 octagonal >>
Another of my all-time faves!
60 years into this hobby and I'm still working on my Lincoln set!
I figure these would have the best liquidity if the time ever came....
U.S. Type Set
<< <i>Probably the best Morgan I could find for that price....1884-S, '89-CC, '92-S, '93-S, '94-S, '95, '95-O or '01 .
I figure these would have the best liquidity if the time ever came.... >>
I would think that the 93-S and 95 Proof would be your best choices liquidity wise.
Is there such a thing as a 50 oz Maple Leaf ?
<<just imagine holding that sucker>>
<< <i>1839 Gobrecht Dollar in 63 (be it MS, PR or SP) It is one of the lowest mintage regular issue type coins. >>
Ca-ching, that's what I've always wanted, but was never ready to part with so much cash.
Empty Nest Collection
<< <i>another VDB proof >>
Are Matte Proof VDBs running $50K now?
<< <i>I don't want any $50,000 coins. >>
Then I have great news for you - this is merely a hypothetical question being posed in a chatroom, so MidLifeCrisis isn't actually sending you $50,000 with which to buy a coin.
<< <i>..what would you buy? >>
As for me, I'd buy the best piece of Massachusetts silver I could find.
<< <i>
<< <i>I don't want any $50,000 coins. >>
Then I have great news for you - this is merely a hypothetical question being posed in a chatroom, so MidLifeCrisis isn't actually sending you $50,000 with which to buy a coin. >>
Indeed, this is a hypothetical question meant to stir up a discussion about what $50K coin you'd prefer to have.
Believe me...no actual money is involved!
Would not mind an MS65 or 66 1837 Half Eagle to be the gem of my core collection.
Edited, the options keep coming. I would love an MS example of the 1838C Half eagle. The first one minted in Charlotte.
<< <i>I don't think 50k would buy me a ms example, but I'd opt for a '15-s Pan pac $50 octagonal, they have always taken my breath away!
That was my first thought except I wouldn't mind the round version even if it was lightly circulated.
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
I could not get rid of that bug on my screen until I realized it was your icon!
I like that Massachusetts silver too. But finest known would even be better.
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
<< <i>1964 Peace Dollar >>
I'm going to go out on a limb and say that $50K isn't going to be enough in this case.
- Marcus Tullius Cicero, 106-43 BC
Complete Dime Set
<< <i>I'm actually stunned that this question has been up here for nearly a full day yet no one until now mentioned my first choice for a $50,000 coin. There is no question in my mind, it would be the 1792 half disme for me. >>
You mean to tell me that you already have the 1802! Good for you
The 1792 would definitely be my second choice, followed by an 1823 Quarter, then a 1793 Chain Cent, further with an....
I don't believe that I said that. But, to me, the 1792 half disme, while not as rare as the 1802, represents a significant piece of Americana, and is one of the very few United States coins, if not the only coin, that we can state with some authority that Thomas Jefferson and President Washington both held each of the 1500 examples. Imagined or real, there is a certain aura about the 1792 half disme that is unmatched in United States numismatics.
To be sure, the 1802 half dime, with perhaps just 24 known genuine examples extant, is a most desirable coin. But I think I would agree with the late Jules Reiver on this one. I once asked him if he had an example of the 1802 half dime, and if so, in what grade. He fairly bristled at the question, and became about as irritated as I had ever seen when he responded "The 1802 half dime is not rare! It is just an R5. I own plenty of half dimes much rarer than that. It is the most overrated and overpriced half dime, but it is not rare". He presumably could have owned one any time he wanted, but he chose not to participate in the hype of that coin. That is perhaps not quite as haughty an attitude as that expressed by William Cutler Atw*ter, who once proclaimed that even the finest known 1802 half dime (EF-45) was not fine enough to grace his collection, so he opted not to own an example. My own reason for not owning one is much simpler - I simply cannot afford one.
<< <i>It's interesting that I am hardpressed to come up with an answer to this question. I can think of a lot of answers for $10-25k and quite a few over $100k, but I am at a loss for the $25-100k price point. >>
This is indeed interesting, RYK. I know your collecting goals have "evolved", but I would think there would be something you would want at this price point.
Why? My goodness, why not? Actually, their are probably only one of any available.
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain