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How would you tie up $7500 now?
pennyannie
Posts: 3,929 ✭✭✭
I have 7500 i want to tie up for a while, my first thought was just to buy some common raw morgans or other 90 percent. My son thinks a MRAD and a sako 42 would be a good place to tie it up but i think we have that area more than covered. The wife thinks a trip and a new sofa is what the money should be spent on.
I do not have any gold bullion or coins to speak of at this time but do have a few hundred ounces of silver. If feel that most of my coins are still well below what i have in them ( proof liberty v-nickels and proof shield nickels plus an aasortment of slabbed coins from proof MPL's to certified morgans.
I do not forsee needing this money anytime in the next few years but if i dd i would like to get the cash out in a short period of time.
I do not have any gold bullion or coins to speak of at this time but do have a few hundred ounces of silver. If feel that most of my coins are still well below what i have in them ( proof liberty v-nickels and proof shield nickels plus an aasortment of slabbed coins from proof MPL's to certified morgans.
I do not forsee needing this money anytime in the next few years but if i dd i would like to get the cash out in a short period of time.
Mark
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
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Another would be a 1804 quarter in about VG-10. Go for a graded coin easier to sell when you will require the money. A 1793 1/2 cent in VG-10 would also do well over time and so would a 1804 1 cent in VF-20.
Up to you to make a choice me I would go for the 1793 1/2 cent and the dollars 1st but hey that is me....all the mentioned coins are really good so I don't see you losing money. They are ALL key dates most any collector would like to own!!!
The BS with bullion is you have to pay like 50% capital gains taxes (In Canada that is the case) once you sell that is way to much a loss for me I rather sell a coin in the ''shadows'' of the coin field and pocket all the money.
Plus bullion swings every day and over the pas year has not really made much ground...silver is always around 30$ +- and gold around 1700$ +- . I would skip this option till gold gets back down and silver as well.
But if we're talking strictly coins, then bullion might not be a bad bet for the short run.
I'm not so sure about the sofa, but taking a trip with your family would produce more memories than a pile of bullion. With a trip, it would pretty much be spent and gone, but kids are only around for a few short years.
The MRAD isn't such a bad idea though!
If you love baseball and Mickey Mantle go for a high grade 1951 Bowman of his rookie graded only by PSA (probably could get a nice PSA 7)....to me this option has the cool factor as well as American history written all over it. BUT DO NOT expect this card to go up in value compared to the coins and comics I have mentioned. Or you could buy a lower grade of his FAMOUS (Probably one of the top 5 most important baseball cards of all time and for sure the most important post war card ever) 1952 topps rookie card graded by PSA (card #311).
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Take the trip with your family. The memories will be more valuable to you in the long run. >>
On a serious note,this is what I would do.And take pictures and pictures.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Check out the Southern Gold Society
<><
Swim in metal or sink in cash. Sounds like a tough predicament to be in.
``https://ebay.us/m/KxolR5
http://finance.yahoo.com/news/top-5-best-performing-real-171153970.html
Take a vacation and then use some of the money on 90% silver
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If you get something in the Civil war era from Philly or something in the early 1870s from CC, you can get a single coin for that. And it's not gonna be a real high grade coin either.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I have regretted many coin purchases but never a vacation.
AMRC has the wisdom of Solomon.
<< <i>The term ''The wife'' does not inspire me to use her options if he said my loving wife or my heart and soul then I would say he is actually considering those options but ''The wife'' is just like saying oh God I hope I have another door to walk threw and invest in...oh please God let me do my own thing with my son (Again he said MY son not the son)...but hey I only have a masters in social sciences so what the hell do I know...maybe I am wrong. A sofa sounds nicer on the ass than sitting on a coin do....lolllll. >>
That is funny!! So i suppose i did not put much stock into what THE WIFE wants. LOL. Actualy she was not very demanding on her choice. Her birthday is Oct 10th and i have a new rolex for my lovely dear sweet soul mate.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Hahahaha then forget the vacation a rolex is way more than enough!!! Pay yourself a treat with your son...buy a sofa for like a 1000$ and give her 500$ spending cash (+take her out to a nice restaurant and perhaps a show and don't for get some flowers) and use 6000$ on your hobby...everyone wins and no one feels left out + you may get lucky!!!
You and your wife will both be thrilled with the result.
<< <i>I'd pick up a nice VF '93-S Morgan. Almost sure to appreciate. >>
I agree! Or some nicely attributed PCGS Morgan VAMS. And,no,I'm not selling any of mine yet.
<< <i>Take the trip with your family. The memories will be more valuable to you in the long run. >>
So true!!!! Fantastic post!
<< <i>Buy 800 shares of BAC and hold them for at least three years (automatically reinvesting the currently miniscule dividends).
You and your wife will both be thrilled with the result.
Will the Fed bail them out again in three years?
Given the circumstance, buying a numismatic coin for $7500, would seem a foolish thing to do. During the next financial argument, the wife will be sure to bring up a $7500 coin purchase.
It's a lot harder to break in a new couch than an old wife. (get her the couch and hide the remote)
You should still have enough to get some gold eagles and take a small trip in to town for a Happy Meal.
I'm going to start coming here for relationship advice.
``https://ebay.us/m/KxolR5
I lost 1000 bucks on the last 1893 S morgan i bought years ago.
I think it will be spent on 90 percent will a little gold added for color, but i am going to wait until the 10th of Oct. to buy. I might be able to add another 3500 to it if she hates the rolex.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Just noticed I hit your price mark this morning and have three coins to go but I'm working on it in AU.
<< <i>Take the trip with your family. The memories will be more valuable to you in the long run. >>
This. I recently returned from a three week trip to Northern Greece and Turkey. Far more interesting and memorable than any coin I've purchased in the forty plus years I have been in the hobby.
"Seu cabra da peste,
"Sou Mangueira......."
Or send it to the wounded warrior project!
Good luck.