My wife just doesn't understand...
TigersFan2
Posts: 1,442 ✭✭
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
I love the 3 P's: PB&J, PBR and PCGS.
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Latin American Collection
I came in to take a break and decide whether to continue or just drink beer and
think about it.
It's always good to slow down and think about what to do next.
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
151K miles????
Needs a transmission???
A Ford???
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
I'm all for buying the coins and taking the bus, but why hoard 93-S Dollars?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
I'm all for buying the coins and taking the bus, but why hoard 93-S Dollars?
I think it's called being rhetorical.
Perhaps you were doing the same.
Either way, I hate the bus. Especially downtown buses. I'd rather poke myself in the eye with a sharp stick.
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
151K miles????
Needs a transmission???
A Ford???
My Ford is a 1990 Ranger and a couple years back, I had to replaced the transmission but I think it was more the clutch disc which was a lot thinner than the new. And while I had all that out, I replaced the oil pan gasket. I'm really not a mechanic and a guy in his mid 50's is not suppose to be doing this kind of work but I got it done for less than $1000. I went through a few bouts of claustrophobia while under that truck but impressing my two sons it can be done was worth it.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
There will always be more coins and the $ to buy them down the road (pun intended).
But.... ...you can buy a nice used car, let someone else take the depreciation and buy coins too.
I'm bitter!
On that note I'm selling off some hoarded car parts to turn into silver and gold bits (I did the same thing about 15 years ago)
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
I am with your wife. The 1893-S dollar is not all that rare. It's value is based on the popularity of the Morgan Dollar in general. If the whole coin market goes down the tubes in general, you will get less than your investment when you sell.
Decent transportation that doesn't break down is much more important.
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
151K miles????
Needs a transmission???
A Ford???
Toyota. Manual transmission.
My 2008 Prius has 490,000 miles on'er and I got rid of my wife in 1999. I really don't have plans to get a new wife or a new car in the near future.
I'm bitter!
You drive 60,000 miles a year???? Are you a bootlegger?
My 2003 truck with 151,000 miles has transmission issues so it's time to buy something else. My wife doesn't understand that instead of buying a new car, I could buy a dozen lower-grade PCGS 1893-S Morgan Dollars and take the bus to work.
I'm all for buying the coins and taking the bus, but why hoard 93-S Dollars?
I think it's called being rhetorical.
Perhaps you were doing the same.
Either way, I hate the bus. Especially downtown buses. I'd rather poke myself in the eye with a sharp stick.
Yes, rhetorical. I said 1893-S Morgan because I'm building a set and eventually I'll be seeking to buy that one. I could have said a dozen MS grade St. Gaudens or many other desirable coins.
And I now have a new car so my coin buying will be on hiatus for awhile.
No buses run out to my boondocky neck o' the woods, or I'd maybe have a Roman aureus or two in my collection...
Collector since 1976. On the CU forums here since 2001.
Latin American Collection
Will be keeping it for the foreseeable future. Cheers, RickO
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
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I am kinda of enjoying the no house, company car, no bills lifestyle I have now. Will be tough to go back one day.
Plus 1. I can relate to the no bill part. Payments seem to come around every 30 days. The easiest way to make time fly is to load up with a ton of debt.
2008 was a rough year for me, decided to refoucus my priorities
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Mr. Eureka:
Yes, for the price of a new pick-up truck, a pleasing type set of U.S. 19th century silver coins could be assembled. There are a variety of neat collecting agendas that could be implemented with such a budget.
The only thing that would postpone me buying a new car is an estate deal I could flip in the next 30-60 days and make at least 40%,
You never when know you will be pushed into a forced sell situation with coins due to lifetime events like job loss, divorce, career reaching end of road (like a lot in Houston forced into early retirement bc of the oil slump), economy tanking, etc. People get lured into believing their good financial times will just continue to roll......
The good thing about buying coins is you will get something back when you sell but that is an unknown vs something where the money you spent is gone forever. Sure a car depreciates form the day you drive it off the lot but we need reliable transportation.
Enjoyed numismatic conversations with Eric P. Newman, Dave Akers, Jules Reiver, David Davis, Russ Logan, John McCloskey, Kirk Gorman, W. David Perkins...
Does 1Bust really think that the contributors to this thread are seriously maintaining that collectors everywhere should always 'take the bus,' rather than drive, in order to have more funds available to acquire rare coins?
Couger1978: I would rather buy MS65 Saints or MS69 AGE, AGB and bulk up.
What? Generic gold has been sluggish or even 'dead' for a long time. Modern bullion items are bullion items, not true coins in a numismatic sense. Maybe I mis-read the OP. My take is that someone who is considering inconveniencing himself every day to have more funds to build his coin collection is not going to be enthusiastic about generics or bullion. Speculating in bullion is a different topic, which is discussed in another forum.
Was TigersFan really implying that he would like to speculate in circulated 1893-S Morgans, if he could afford to do so? If so, like Mr. Eureka, I am puzzled. I am not clear as to the point of the top post.
The Proper Value of Generic Gold Coins
Collecting Modern Coins
no thanks
Liberty: Parent of Science & Industry
I've actually seen some sorry decisions made with selfish ambitions. Sounds like I miss understood and took too seriously, my bad.
Enjoyed numismatic conversations with Eric P. Newman, Dave Akers, Jules Reiver, David Davis, Russ Logan, John McCloskey, Kirk Gorman, W. David Perkins...
1Bust: I mean absolutely no offense....but, that doesn't really represent balanced thinking IMO.
Does 1Bust really think that the contributors to this thread are seriously maintaining that collectors everywhere should always 'take the bus,' rather than drive, in order to have more funds available to acquire rare coins?
Couger1978: I would rather buy MS65 Saints or MS69 AGE, AGB and bulk up.
What? Generic gold has been sluggish or even 'dead' for a long time. Modern bullion items are bullion items, not true coins in a numismatic sense. Maybe I mis-read the OP. My take is that someone who is considering inconveniencing himself every day to have more funds to build his coin collection is not going to be enthusiastic about generics or bullion. Speculating in bullion is a different topic, which is discussed in another forum.
Was TigersFan really implying that he would like to speculate in circulated 1893-S Morgans, if he could afford to do so? If so, like Mr. Eureka, I am puzzled. I am not clear as to the point of the top post.
I never was implying speculating on circulated 1893-S Morgans or even considering buying rare coins vs. buying a new car. I was just amusing myself that the check I write for a new car is a lot of money and imaging the great coins I could buy with that same money.
Baby step 7 for us
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
I'm with Seattle Slammer - If you're going to be stuck in gridlock either way (in Seattle) I'd rather be comfortable in my own car.
But.... ...you can buy a nice used car, let someone else take the depreciation and buy coins too.
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I have a feeling the post was done tongue-in-cheek, so to speak.
Not really looking for much these days but if I were, it might be a toner.
Hoard the keys.
Money could be saved riding a motorcyle or a go-cart.
MetalMeister: "BTW I will be changing a timing chain on a 49 year old Ford today in my garage at home."
Is MetalMeister suggesting that he has not purchased a new car in a while and thus had additional funds to spend on rare coins?
TigersFan: "I was just amusing myself that the check I write for a new car is a lot of money and imagining the great coins I could buy with that same money."
1Bust: "I've actually seen some sorry decisions made with selfish ambitions. Sounds like I miss understood and took too seriously, my bad. "
My hunch is that there was a serious undercurrent to this thread. The elephant in the room is that the money spent on rare classic U.S. coins could have been spent on objects or endeavors that non-collectors would understand.
Perhaps most or all of the contributors to this thread have had to deal with family members and friends who are puzzled by or uncomfortable about large amounts being spent on coins. Also, as 1Bust suggests, many collectors do become carried away and buy coins with funds that they really need, or feel they should have used, for practical purposes relating to family members or just everyday life. Since I was a kid, family members have been very concerned about the amount of time that I have devoted to numismatic pursuits.
``https://ebay.us/m/KxolR5
God blessed my wife with a good divorce lawyer years ago. Now she drives a Cadillac.
I'd get a new car
I'd get a new car, a new wife, and the coins.
But.... ...you can buy a nice used car, let someone else take the depreciation and buy coins too.
I did this last year. I had to get another car (and I loved my last car... *sniff*) and there wasn't another one I really wanted that was less than $40K, and I'm not paying $40K for a car.
So I looked at the used market, and found a low mileage car (3 years old with 17K miles) coming off-lease, optioned out like my last car down to the heated seats (important during midwest winters
I've had it for almost a year now, trouble free, but still can't get used to not needing a key and a transmission that doesn't shift. It also has its original OEM tires, and they need to be replaced, not for wear, but because they suck.
Anyway, to the point, cars last a lot longer today, and the used market has some pretty decent deals if you look around. Then you can take that $10K you saved, and...