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Avg Price of US Home 213K, 1794 Liberty Cap Cent Finest Known 205K

CatbertCatbert Posts: 7,728 ✭✭✭✭✭
edited July 29, 2018 7:18PM in U.S. Coin Forum

Hmmm......decisions, decisions :#;)

Link Updated:

coinraritiesonline.com/index.php?page=search&task=det_item&item_id=185601

Seated Half Society member #38
"Got a flaming heart, can't get my fill"

Comments

  • Sunshine Rare CoinsSunshine Rare Coins Posts: 2,342 ✭✭✭✭✭

    I'd rather have the coin!

    Sunshine Rare Coins

    sunshinecoins.com/store/c1/Featured_Products.html

  • ElcontadorElcontador Posts: 7,709 ✭✭✭✭✭

    Take the house in a heartbeat. You'd have an easier time finding out the problems with the home than you would with a pre 1815 Unc. copper.

    I had active PVC start to develop in a slabbed MS 65 BN Draped Bust Half cent eight years after I bought it. Problems with a house are more straightforward than that.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • BillJonesBillJones Posts: 34,896 ✭✭✭✭✭

    I'd take the house. This coin does have type coin possibilities, especially for someone who is greatly interested in registry glory, but as a die variety, you would have to find the right buyer.

    It seems that the coin market, even for good stuff is weak … except when I bid on something in an auction. ;)

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • ParadisefoundParadisefound Posts: 8,617 ✭✭✭✭✭
    edited May 9, 2018 3:27PM

    You'll get this in Hawaii...Waimea range in Kauai to be exact...
    Take the house any day... ;)

    @TommyType said:
    All I know is that that 213k won't buy you much in LA!
    @Elcontador said:
    Take the house in a heartbeat. You'd have an easier time finding out the problems with the home than you would with a pre 1815 Unc. copper.
    I had active PVC start to develop in a slabbed MS 65 BN Draped Bust Half cent eight years after I bought it. Problems with a house are more straightforward than that.

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    That's buying land! Not a house. I have a nice house...but the value of my land far exceeds the value of my house. If and when I ever sell I'm sure the next buyer will do away with my house and build another!

    @Paradisefound said:
    You'll get this in Hawaii...Waimea range in Kauai to be exact...
    Take the house any day... ;)

    @TommyType said:
    All I know is that that 213k won't buy you much in LA!
    @Elcontador said:
    Take the house in a heartbeat. You'd have an easier time finding out the problems with the home than you would with a pre 1815 Unc. copper.
    I had active PVC start to develop in a slabbed MS 65 BN Draped Bust Half cent eight years after I bought it. Problems with a house are more straightforward than that.

  • AzurescensAzurescens Posts: 2,822 ✭✭✭✭✭

    So, it's entirely possible for them to send it to CAC if it doesn't sell..

    But they'll sell it for less without a bean?

    Is this a roundabout way of hedging their bets against it being a fake/altered?

    Why not get a bean anyway it'd sell for a lot more. Is there indecisiveness going on with this item or is this par for the course?

  • AzurescensAzurescens Posts: 2,822 ✭✭✭✭✭
    edited May 9, 2018 5:09PM

    I'd take the house any day.. 200k would allow a real nice house back home near the mill, and would not have to work for a few years after (including property tax).

    With solar and a tree farm, the house would end up being free in 5-10 years.

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭

    The cent of course! :)

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • BoosibriBoosibri Posts: 12,431 ✭✭✭✭✭

    A $213k house in Michigan is pretty decent and the summers are great. Already have a house, I'll take the coin

    Latin American Collection

  • CatbertCatbert Posts: 7,728 ✭✭✭✭✭

    @Azurescens said:
    So, it's entirely possible for them to send it to CAC if it doesn't sell..

    But they'll sell it for less without a bean?

    Is this a roundabout way of hedging their bets against it being a fake/altered?

    Why not get a bean anyway it'd sell for a lot more. Is there indecisiveness going on with this item or is this par for the course?

    Given this is a high dollar item, it would not be a quick and easy task to ship this to them for a review. I’m sure a serious buyer could negotiate a contingent purchase if they valued CAC’s opinion as critical.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • AzurescensAzurescens Posts: 2,822 ✭✭✭✭✭

    I see. Hmm.

    Wouldn't the auction house want it beaned to get more money for it? Or is something realizing "not that much more" just not worth it to them?

  • stevebensteveben Posts: 4,643 ✭✭✭✭✭
    edited May 9, 2018 6:46PM

    that's a cool coin! i think people in the market for a coin like this generally are not in the market for a 200K house.

    plus, houses have closing costs. i think there is free shipping on the coin.

  • TurboSnailTurboSnail Posts: 1,668 ✭✭✭✭✭
    edited May 9, 2018 6:49PM

    I will take the coin so I don't have to pay 10k of property tax each year. (The only houses cost less than 300k near me are in long island with high property tax)

  • SkyManSkyMan Posts: 9,540 ✭✭✭✭✭

    That "average" price of a house would buy you less than 14% of a median priced house in San Francisco...

    Toned Franklins

    U.S. Type Set
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Where I live, 213k won't buy you the garage !!!

    Timbuk3
  • valente151valente151 Posts: 1,075 ✭✭✭
    edited May 9, 2018 10:00PM

    I'll be graduating medical school in 3 years with 304K in loans (before interest, which is accruing already). I should've bought the coin instead.

    My Retired Toned Proof Mercury Dime Set
  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭
    edited May 9, 2018 11:06PM

    The numbers which I previously posted here weren't correct.

  • messydeskmessydesk Posts: 20,369 ✭✭✭✭✭

    If you took the house here, you'd owe $8000 each year in property taxes.

    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • lkeigwinlkeigwin Posts: 16,894 ✭✭✭✭✭

    This fire ravaged San Jose house sold for $799k last week. In a year the new home will go for $2M.
    Lance.

    Coin Photography Services / Everyman Registry set / BHNC #213
  • BillJonesBillJones Posts: 34,896 ✭✭✭✭✭

    A $213,000 house in Tampa is far easier to sell, and you might even get a bidding war one it that would drive the price beyound that.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    For me, coins are a hobby.... So the house would normally be my choice. That being said, I have a house - do not need another. But then, I do not sell coins..so then I would have a house/coin in a house.... Oh the dilemma..... Well... I should have a glass of Cabernet to contemplate this puzzle... that usually helps... after a glass or two, I forget the problem and enjoy the wine.... :D:D Cheers, RickO

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    edited May 10, 2018 4:39AM

    @Catbert said:

    Hmmm......decisions, decisions :#;)

    Go for the Cent as it's less maintenance ;)

    For purchasing encouragement here's the 80's group Living In A Box with their song Living In A Box off their album titled Living In A Box :smiley:

    https://www.youtube.com/watch?v=mHzfhU8t5i8

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @Azurescens said:
    So, it's entirely possible for them to send it to CAC if it doesn't sell..

    But they'll sell it for less without a bean?

    Is this a roundabout way of hedging their bets against it being a fake/altered?

    Why not get a bean anyway it'd sell for a lot more. Is there indecisiveness going on with this item or is this par for the course?

    The lack of CAC'ing is more so only due to shipping insurance and risk of loss reasons based on the value of this Cent.

    With the provenance of this Cent many EAC collectors could care less about a sticker or heck even the slab.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @Catbert Also remember you get a free hat with purchase so you don't really need a roof over your head ;):p

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • CatbertCatbert Posts: 7,728 ✭✭✭✭✭

    Well, I could sell my house to buy the coin and wear the hat, as you say @Broadstruck ! I would have some left over cash to spend as well (allowing some funds for the divorce, of course).

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @Catbert said:
    Well, I could sell my house to buy the coin and wear the hat, as you say @Broadstruck ! I would have some left over cash to spend as well (allowing some funds for the divorce, of course).

    Sounds like a solid plan of action! ;)

    I also bet if the hat wears out faster than the shingles on you prior dwelling CRO at this level would maybe supply you with another hat? :p

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • CatbertCatbert Posts: 7,728 ✭✭✭✭✭

    It's all about the hat! I've finally figured out the secret. Stupid me......

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @Catbert said:
    It's all about the hat! I've finally figured out the secret. Stupid me......

    Yes the hat is the key toward this acquisition you just end up not having a place to hang it :s

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭

    Don't know much about early Copper but ........... several years ago I got 5 - 1913 Liberty Nickels shippped in for a microscopic fraction of the cost.

    I'm happy? What do I care how 99.9999999% of Dealer Stealers feel about my collection of " treasure ".

  • REALGATORREALGATOR Posts: 2,667 ✭✭✭✭✭
    edited May 10, 2018 8:31AM

    If I were to spend $200K on a large cent, it would have to be a Chain with no signs of corrosion. But I'm not playing in that sandbox.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @messydesk said:
    If you took the house here, you'd owe $8000 each year in property taxes.

    I bet the rent prices are higher than average too.

    As long as the house was in decent shape and a decent area, I would rather have the house. I would use it as a rental.

  • stevebensteveben Posts: 4,643 ✭✭✭✭✭

    @SkyMan said:
    That "average" price of a house would buy you less than 14% of a median priced house in San Francisco...

    where there are tons of homeless.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    edited May 10, 2018 12:54PM

    @steveben said:

    @SkyMan said:
    That "average" price of a house would buy you less than 14% of a median priced house in San Francisco...

    where there are tons of homeless.

    I wonder how many of those homeless would be be considered poor in other areas of the country. When the average rent is probably 2x-3x the national average and even a dinky house with no backyard will run you high six figures to low seven figures, it wouldn't take very much to be left homeless for the average American.

  • Walkerguy21DWalkerguy21D Posts: 11,750 ✭✭✭✭✭

    The coin market is soft right now, while the housing market is hot (at least in my and many other areas).
    Buy the coin, hold for recovery, by then house prices will have dropped back, so you can sell the coin and pick up your McMansion with the proceeds - yeah that's ticket! ;)

    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • LakesammmanLakesammman Posts: 17,468 ✭✭✭✭✭

    Looks like a BigMoose quality coin!

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • carabonnaircarabonnair Posts: 1,451 ✭✭✭✭✭

    False comparison - what is the finest known US home or what is the average 1794 Liberty cap cent? :smile:

    Gawain

    Pacific Northwest Numismatic Association
  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭

    I can't do the math here.

    If you have a home, then it would be the coin. If you did not have a home, then owning the coin is probably not something you would contemplate.

    MLAeBayNumismatics: "The greatest hobby in the world!"
  • WalkerfanWalkerfan Posts: 9,793 ✭✭✭✭✭

    I have a nice home. I'll take the coin!!

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    edited July 28, 2018 11:07AM

    I once was faced with a big big decision.... a beautiful 1913 Nickel ( yes the V one) ..... or a local Sunday Newspaper. Well , I decided to go with the 1913 Nickel. With the Paper I'd have to jump in my Truck and drive a bit. With the V-Nickel ( yes1913 ! ) all I had to do was click my mouse.

    AND I GOT FREE SHIPPING !

    ...... free shipping from Bejing China. Talk about Service !

    The Nickel was so cool I got 4 more. How many can say they own (5 )- 1913 Liberty Nickels ?

  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭

    Meh. Buy the coin, live in a tent. Be a happy camper.

    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • SiriusBlackSiriusBlack Posts: 1,120 ✭✭✭✭✭

    I hate living in Southern California.

    Collector of randomness. Photographer at PCGS. Lover of Harry Potter.

  • RayboRaybo Posts: 5,342 ✭✭✭✭✭

    Wrong coin for me, and I would still not live in S. California.

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