Mega Millions at 355 Million - What coins would purchase if you were the winner?
tydye
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I purchased $5 worth of tickets today. Here is hoping tomorrow I am a whale. Who owns a platinum 1814 Bust half just in case I win. I want that high relief 1907 $10 gold piece as well. A roll of high relief saints (the originals and just because I can) And most importantly every overton CBH variety and die state.
I would not want the 1804 bust dollars or 1913 nickels as I do no collect make believe
I would not want the 1804 bust dollars or 1913 nickels as I do no collect make believe
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my share would buy maybe some small eagle gold dated in the 1700's?
Liberty: Parent of Science & Industry
<< <i>I purchased $5 worth of tickets today. Here is hoping tomorrow I am a whale. Who owns a platinum 1814 Bust half just in case I win. I want that high relief 1907 $10 gold piece as well. A roll of high relief saints (the originals and just because I can) And most importantly every overton CBH variety and die state.
I would not want the 1804 bust dollars or 1913 nickels as I do no collect make believe >>
Why on earth would you want that platinum bust half? Isn't it damaged ?
Edited add: If i do win i will buy ALOT of coins. I personally would corner the market on 1948-1963 original mint sets both on and off the internet! Why you may ask? cuz i like them and with that much money i can lol!
Its only natural to ponder such a thing......and naturally winning a fortune like that would spur on a numismatic holiday.
You would be known in every auction house in the world no doubt.....whether thats good or bad is up for debate. Youd get what you wanted but would overpay for everything. But OMG it would be a real hoot, wouldnt it?
Oh Yes....Id try to re unite the 13 original confederate cents. That would be a fun pursuit. Money talks, but basically just being able to write big checks isnt one tenth as much fun as hunting an elusive quarry, and then bagging it. The HUNT must remain, even though the weapon is better.
<< <i>All of them.
YUP! First purchase would be a mint state chain cent.
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Box of 20
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Full Size.
Cruise up and down the rivers....but instead of the big gun shooting, a flag saying BOOM would pop out.
Oh well off to buy my tickets! My wife will quit Kohls if we win, shes fed up with them "giving away the store" and how "SHE" rips apart the rugs every day. {Actually she will give her friends there several million dollars if they ALL quit. |
Just don't spend it all in one year...many lotto winners burn through the cash so fast and go broke within years...amazingly!
<< <i>yes but its one thing to spend a million dollars on a coin rather than a million dollars on a mega vacation. at least with the coin...you still basically HAVE the million dollars. More lottery winners should have invested in rare coins instead of whatever they bought. >>
How long would a million dollar vacation last? Heck, I'd just buy a house where I love vacationing and have that asset as well
<< <i>
Oh Yes....Id try to re unite the 13 original confederate cents. >>
Which ones; the ones form the 1880's with little tying them to the actual southern government? or the restikes of those or the casts copies of the restikes?
How about if I buy all 5 , and throw 4 of them off of a Carnival Cruise Boat
somewhere in the Carribean , then buy all the 1894 S Dime , then whatever
else I feel like and so forth . A unique type set . Then I have money left
over , then I dont know . Maybe a unique ! cent Penny Black stamp etc
I would buy them up and get them to make up a special slab making machine for my own personal use.
Bwahahahahahahahahaha
Edited to add, the market cap is 110M. Presumably you could get controlling interest for less.
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Complete my Proof Indian set.
Complete my two "secret" sets.
Then some nice "type."
and ofcourse, a killer type set
<< <i>All of them.
>>
That would be nice but I wonder if even 355 mil would buy one of everything.
<< <i>Complete my two "secret" sets >>
Are they secret because they are embarrassing to own or secret because you are trying to corner the market?
<< <i>Why on earth would you want that platinum bust half? Isn't it damaged ? >>
Yes but it was damaged at the mint
For just completely blowing money I'd probably budget about $5 - $10 mil to recreate Handel's water music (in period costume of course). For those that don't know what that is, here is a link:
link
It would be a total hoot to be "The King" on a barge on the river Thames while another barge filled with musicians (London symphony orchestra musicians of course) playing some of Handel's best music, played in the background. Needless to say, after including my daughters and some other close family, if you invite the right people to be on the barge with you, you'd be invited to all sorts of interesting parties in the years thereafter.
U.S. Type Set
I would be long gone.......to places you could only dream about.
Bob
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Beyond that I'd start on the world's finest type set with the best grades available.
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<< <i>Well, let's see, I'm assuming the $355 mil payout is over 20+ years, so an actual payday today would be more like $180 mil. Taxes on that is gonna' knock off another 40 - 50% depending on what State you live in. Given that I'm in CA. I'd say net value to me of a payout today would be ~$90 million. >>
Let me get this straight, You would take the cash payout and forfeit almost 50% (175m by your count) and take the remainder after taxes (90m by your count) and invest half (45m) so you could pay capital gains on the income earned if any? Or you could just take the annuity payments and earn 175M in profits(by not forfeiting the 50% for the one time cash payment) over 30 years by not being inpatient . It takes a pretty good business man/investor to earn 175m in pre-tax profits 30years.
An ultimate type set comes to mind, and some tough early gold.
<< <i>
<< <i>Well, let's see, I'm assuming the $355 mil payout is over 20+ years, so an actual payday today would be more like $180 mil. Taxes on that is gonna' knock off another 40 - 50% depending on what State you live in. Given that I'm in CA. I'd say net value to me of a payout today would be ~$90 million. >>
Let me get this straight, You would take the cash payout and forfeit almost 50% (175m by your count) and take the remainder after taxes (90m by your count) and invest half (45m) so you could pay capital gains on the income earned if any? Or you could just take the annuity payments and earn 175M in profits(by not forfeiting the 50% for the one time cash payment) over 30 years by not being stupid. It takes a pretty good business man/investor to earn 175m in pre-tax profits 30years. >>
If the payout occurs over a 20 plus year span, you would only get roughly $17.5 mil a year, and look at how much of that money would be in future depreciated dollars. Let's not forget the value of that $175 mil in 2030+ would be a whole lot less than now. Not to mention the $175 mil would also get a taxable haircut of roughly 50%, so after taxes net you're looking at $87.5 mil. Finally, given that I'm 52, while I hope to be around 20+ years from now, there is certainly no guarantee of it.
U.S. Type Set
<< <i>Mega Millions at 355 Million - What coins would purchase if you were the winner? >>
A private island, perhaps. Not somewhere tropical like most people would want, either. Mine would be a cooler place, with fog in the mornings. Maybe a San Francisco-like climate (though not necessarily on that coast). I'd have a big stone castle-like house up on a hill. Maybe something built by an eccentric Victorian robber baron. There'd have to be a causeway to the mainland, 'cause even with a few million to spare, I'd like to keep my boating to a minimum (don't have nothin' against boats, but spent my childhood on 'em, so no yacht for me, thanks). I'd be surrounded by historical buildings and architecture and trees- lots of trees. I'd have a classic car or two, but no hugely ostentatious collection. No private jet. Once the private island was paid for and enough money was invested to keep the taxes and upkeep going for a generation or two, then (and only then) would I remember I was a coin collector and indulge that fancy.
PS- sorry- I read the title as "what would you purchase", and neglected to see the part that said "what coins would you purchase".
Let's just say there would be lots of gold Roman aureii involved- from as many different emperors as possible.
Oh yes AB's and Toned Rarities too...Oh yes i will take PauPauls Frankies as well.
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<< <i>Id have a full size replica of the USS Monitor made.
Full Size.
Cruise up and down the rivers....but instead of the big gun shooting, a flag saying BOOM would pop out.
Oh well off to buy my tickets! My wife will quit Kohls if we win, shes fed up with them "giving away the store" and how "SHE" rips apart the rugs every day. {Actually she will give her friends there several million dollars if they ALL quit. | >>
I could see making a few folks at my old employer a shared winner if they would walk off the job.
<< <i>I am buying ten tickets in about a half hour.
Its only natural to ponder such a thing......and naturally winning a fortune like that would spur on a numismatic holiday.
You would be known in every auction house in the world no doubt.....whether thats good or bad is up for debate. Youd get what you wanted but would overpay for everything. But OMG it would be a real hoot, wouldnt it?
Oh Yes....Id try to re unite the 13 original confederate cents. That would be a fun pursuit. Money talks, but basically just being able to write big checks isnt one tenth as much fun as hunting an elusive quarry, and then bagging it. The HUNT must remain, even though the weapon is better. >>
You just get smoeone else to do your bidding/buying.
<< <i>I might be looking to buy that `33 Double Eagle....for one...
and ofcourse, a killer type set
Does anyone here think that a current or former board member knows or mite know who owns the $7+ mil 33 Saint?
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>
<< <i>Well, let's see, I'm assuming the $355 mil payout is over 20+ years, so an actual payday today would be more like $180 mil. Taxes on that is gonna' knock off another 40 - 50% depending on what State you live in. Given that I'm in CA. I'd say net value to me of a payout today would be ~$90 million. >>
Let me get this straight, You would take the cash payout and forfeit almost 50% (175m by your count) and take the remainder after taxes (90m by your count) and invest half (45m) so you could pay capital gains on the income earned if any? Or you could just take the annuity payments and earn 175M in profits(by not forfeiting the 50% for the one time cash payment) over 30 years by not being inpatient . It takes a pretty good business man/investor to earn 175m in pre-tax profits 30years. >>
The lottery folks do it and their principal decreases every year. In fact a number of years ago they increased the annuity payouts from 20 or 25 years to 30 years because rates were not high enough to generate the return needed to sustain the annual payment as agreed to. FWIW I am nearly 63 so the lump sum would be a no brainer.