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What if you had $100K
MidLifeCrisis
Posts: 10,550 ✭✭✭✭✭
Just a little game...What if you had $100K to spend on coins? All your other debts are paid and this money is pure fun money to spend on your hobby.
But there's a catch. $100K is all you have and all you can ever spend. Once you've spent it, that's it. You can't trade up. You can't sell to buy more coins. You get one shot to build a collection, then you're done.
What would you buy?
But there's a catch. $100K is all you have and all you can ever spend. Once you've spent it, that's it. You can't trade up. You can't sell to buy more coins. You get one shot to build a collection, then you're done.
What would you buy?
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type2,CCHunter.
In God We Trust.... all others pay in Gold and Silver!
Junk silver dimes. Then I would break the rules when hyper inflation nails us in the near future, and buy some cool coins with my then 20 dollar each dimes.
then again, one could blow through $100K
and still have a fairly modest collection
EAC 6024
<< <i>I do not think that I would enjoy collecting under those conditions, so I will keep the money in my pocket or perhaps use some for other things that I might enjoy. >>
I agree.
youd be, an owner.
not too exciting huh.
(I assume I can still try to earn other $ on the side for other coins?)
Lance.
A combination of any of this would make me happy.
Partner @Gold Hill Coin
<< <i>Junk silver dimes. Then I would break the rules when hyper inflation nails us in the near future, and buy some cool coins with my then 20 dollar each dimes. >>
No need to break the rules. MLC left a loophole. You can't trade up or sell them, but you can donate them to charity at $20 each and take a killer tax deduction, which should net you enough cash to replace the original $100,000 a few times over.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
=>1x of every First Spouse proof
an envious collection...
I'd guess 1/3 to 1/2 of the collectors in the club have spent less than $1k total for their entire lives. Yes, there are a fair number of youngsters (10% to 15%), and low budget collectors, and newer collectors, but it does give another indication of the wide gulf between the ten-percenters that dominate this forum (top 10% in income and net worth) and the rest of the collecting world.
if this was the ONLY way I could spend it, and the ONLY conditions I could spend it under ... I would define a collection parameter and spend as the coins were found ... and make sure I enjoyed the hunt for a good number of years
Oh wait, for much of my collection, I already do that!
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
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>Good question; but frankly some of us would need to talk to a certified financial planner before we took a leap like that spending the whole sum on numismatics. >>
Bad idea. Most financial planners do not know anything about coins and would try to talk you out of it.
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>=>1000x of the 1995 "Eunice Kennedy Shriver" proof
=>1x of every First Spouse proof
an envious collection... >>
What, no SBA proofs? Are you sure?
Not just any AU58 but one that could be upgraded to AU58+ and be the only 1893-S AU58 Morgan that could CAC.
Then with the rest of the Money, I would buy the 1889-CC AU58+. Then go for the 1892-S AU58+.
If there is any left, I would then look to add any remaining morgans to complete a perfect AU58 Everyman Set with as many AU58 CAC & AU58+ Coins as possible.
Then I could say I accomplished something no other collected has. Completed a Perfect PCGS Slider Morgan Set.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
<< <i>I would buy the best 1893-S AU58 Morgan Possible for my Everyman Set.
Not just any AU58 but one that could be upgraded to AU58+ and be the only 1893-S AU58 Morgan that could CAC.
Then with the rest of the Money, I would buy the 1889-CC AU58+. Then go for the 1892-S AU58+.
If there is any left, I would then look to add any remaining morgans to complete a perfect AU58 Everyman Set with as many AU58 CAC & AU58+ Coins as possible.
Then I could say I accomplished something no other collected has. Completed a Perfect PCGS Slider Morgan Set. >>
I like this!
<< <i>How about spending $1k a year for the next 100 years? Yeah, I know, $1k is seen as piker money on this big money forum, and the replies before me indicate that. However, in the real world, that is more than most coin collectors spend. I'd guess maybe five collectors in my local club spend that much every year, with an average attendance of 35. The count might be as small as one if part time dealers that buy for resale are excluded.
I'd guess 1/3 to 1/2 of the collectors in the club have spent less than $1k total for their entire lives. Yes, there are a fair number of youngsters (10% to 15%), and low budget collectors, and newer collectors, but it does give another indication of the wide gulf between the ten-percenters that dominate this forum (top 10% in income and net worth) and the rest of the collecting world. >>
It is interesting to see some go on about their latest acquisitions here and there that command 5 figures, 6 figures and very occasionally 7 -- vs. folks such as myself who count among their gold holdings exactly 1 Lib and 1 StG -- and then considering that the vast majority of collectors don't even remotely consider being able to get those.
Nevertheless, I do imagine owning the unobtainable.
There's no question that I would first zero-in on some of the late 18th century coins; Flowing hair type, etc. I've always wanted a high grade proof set from the Barber period and I wouldn't mind a nice Pr-64 Liberty Seated dollar with the flying eagle reverse. How about a complete MS set of 21, 21-D and 21-S Walking Liberty halves?
I could go on.
<< <i>The amount of disposable income floating around this forum is truly mind-boggling. "What if you had $100k?" Many in this forum probably have a 100K in their wallets
>>
Anyone carrying 100k in your wallet, care to adopt a 34 year old Veteran? ;-) But seriously coin is the hobby of Kings.
I cannot speak for all but I couldnt start collecting like I wanted until I was in my 30s with a career and family already. 100k is more than I make in a year. So you can adopt me if you want.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
<< <i>I would put together a gold type set or as many of them as I could. >>
But.......
I would get a super nice MS 1955/55 DDO Lincoln (similar to what I have that I bought from Mark Feld years ago, or what Lloyd recently showed he got from Mark).
A supernice, and rainbow colored toned MS66/67 Morgan Dollar
A very nice 1877 IHC in mid-mintstate
A 1793 XF-AU 1/2c that looks premium for the grade
1793 cent in XF probably.
1908-S and 1909-S IHC in MS63/64 RB
A toned IHC Proof in MS64/65 BN/RB (toned with greens/yellow/oranges/reds)
The MASS 1/2 and cents.....1787 and 1788. AU to mid MS
(am I out of money yet?
If I still have any left.....
1853 w/a 1/2dollar in AU with nice toning
1916-D merc in VF
a nice rainbow toned Franklin 1/2 in MS66FBL
Maybe a few other moderns, just for type, but those are chump change
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
U.S. Type Set
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Who's the guy with my avatar?
<< <i>state quarter rolls. >>
omg and some national park rolls to
<< <i>I oppose a coin collection in which someone else dictates the terms and limits, even in theory. I guess I am odd in that way.
Lighten up dude! As I noted in the OP, it's just a little game...
<< <i>I'd do a type set of US contemporary counterfeits. Buying the best of the best would take a lifetime, and maybe about 100K. >>
I have been thinking about doing exactly this, as a side project. I have also purchased 6 different types of 19th-century counterfeit coin detectors used in the U. S. (mostly used to spot bogus gold coins).
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>I like the no sell clause...this eliminates the agony of spending 100k on a coin collection just to wind up passing it along to some dealer for 30.. >>
Yep. Save that agony for one's heirs.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]