Bitcoin or Brasher Doubloon

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privaterarecoincollector
privaterarecoincollector Posts: 629 ✭✭✭✭✭
edited November 24, 2020 8:31AM in U.S. Coin Forum

What would you rather buy for 4 Million USD, the MS 65 Brasher Doubloon or 4 Million USD worth of bitcoin at todays price ? There is a theory that bitcoin could be the new gold and it could be worth a lot more in future, but as always no guarantees and also can be worth less.

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  • OKbustchaser
    OKbustchaser Posts: 5,570 ✭✭✭✭✭
    edited November 24, 2020 5:18AM
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    Not at all interested in putting that much into either--not that I could even if I wanted to--but gun to the head...the Brasher. At least, it's a tangible item that I can play with.

    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    To me Bitcoin is invisible money that will one day disappear!

  • TurtleCat
    TurtleCat Posts: 4,692 ✭✭✭✭✭
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    I would go with the Doubloon each and every time. I personally believe that if our federal government came up with their own digital currency they will outlaw the use of other digital currencies on the same basis that no one else can legally mint money. Besides, I’m old enough now to rather enjoy the Doubloon more.

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    That is a bit of a quandary..... The bitcoins could likely be flipped short term for a little profit. The doubloon would be a tad more difficult to move and the profit (at least at this time) would be difficult. As a collector, I would want the Brasher. As a pragmatist, I would take the bitcoin and sell them. Cheers, RickO

  • PerryHall
    PerryHall Posts: 47,759 ✭✭✭✭✭
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    @privaterarecoincollector said:
    There is a theory that bitcoin could be the new gold.....

    LOL :D

    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

  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    Yeah, if some one was giving them to me. But what if you are spending your own money????

    @ricko said:
    That is a bit of a quandary..... The bitcoins could likely be flipped short term for a little profit. The doubloon would be a tad more difficult to move and the profit (at least at this time) would be difficult. As a collector, I would want the Brasher. As a pragmatist, I would take the bitcoin and sell them. Cheers, RickO

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    @amwldcoin.... If it were my own money, I would not spend it on either one. ;) Cheers, RickO

  • Catbert
    Catbert Posts: 8,258 ✭✭✭✭✭
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    If I had 4M as mostly play money, I’d buy the coin since I would derive pleasure in ownership. Life is short. Bitcoin is like a savings account.

    Seated Half Society member #38

    "She comes out of the sun in a silk dress,
    running like a water color in the rain...."
  • MrEureka
    MrEureka Posts: 24,780 ✭✭✭✭✭
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    @Catbert said:
    If I had 4M as mostly play money, I’d buy the coin since I would derive pleasure in ownership. Life is short. Bitcoin is like a savings account.

    Funny, I see Bitcoin as pure gambling, which is fun. I just like the odds at blackjack better.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.
    Visit the Society of US Pattern Collectors at USPatterns.com.
  • jwitten
    jwitten Posts: 5,423 ✭✭✭✭✭
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    If I had the money to blow, I would go for the coin. And I have a little bitcoin too. That's a heck of a lot to gamble though.

  • privaterarecoincollector
    privaterarecoincollector Posts: 629 ✭✭✭✭✭
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    Im waiting for bitcoin to go away since 2014 and it just does not. I really believe my 4 year old son will never buy gold but bitcoin or something similar by the time he is 20.

  • privaterarecoincollector
    privaterarecoincollector Posts: 629 ✭✭✭✭✭
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    And if thats a case, it could be a 100x in 15 years. Still a gamble, but a 100x upside is not bad.

  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
    edited November 24, 2020 8:30AM
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    @MrEureka said:

    @Catbert said:
    If I had 4M as mostly play money, I’d buy the coin since I would derive pleasure in ownership. Life is short. Bitcoin is like a savings account.

    Funny, I see Bitcoin as pure gambling, which is fun. I just like the odds at blackjack better.

    Bitcoin is the new gold.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
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    I'd buy Bitcoin and then the coin in a few years with a fraction of my profits. Buying Bitcoin is only a "gamble" in the sense that buying Amazon, Google, or Facebook stock was a gamble after those companies established themselves as the gorillas of irreversible secular paradigm shifts.

    My Roosevelt Dime Registry Set
  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
    edited November 24, 2020 9:19AM
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    I should add that Bitcoin has actual utility, increasing daily due to expanding network effects, which makes the analogy to gold weak. What they share is finite supply, but Bitcoin holds the edge there, as well.

    My Roosevelt Dime Registry Set
  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    And then came a worldwide magnetic pulse and all the bitcoins were erased!

    @CoinJunkie said:
    I should add that Bitcoin has actual utility, increasing daily due to expanding network effects, which makes the analogy to gold weak. What they share is finite supply, but Bitcoin holds the edge there, as well.

  • matt_dac
    matt_dac Posts: 963 ✭✭✭✭✭
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    Crypto is on a crazy run right now....

  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
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    @amwldcoin said:
    And then came a worldwide magnetic pulse and all the bitcoins were erased!

    @CoinJunkie said:
    I should add that Bitcoin has actual utility, increasing daily due to expanding network effects, which makes the analogy to gold weak. What they share is finite supply, but Bitcoin holds the edge there, as well.

    You clearly don't understand the architecture of the Internet. If a catastrophe occurred on a scale that erased ALL data stored electronically worldwide, we'd have much bigger problems than missing Bitcoin balances. But your scenario is so far-fetched, it's not really worth entertaining further.

    My Roosevelt Dime Registry Set
  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    ** :D **

  • Unknown
    Unknown
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    This content has been removed.
  • WildWestHalfDollars
    WildWestHalfDollars Posts: 7,106 ✭✭✭✭✭
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    One is fun the other is boring. Get the doubloon.

    Liberty Seated Half Dollars

  • abcde12345
    abcde12345 Posts: 3,404 ✭✭✭✭✭
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    By the Bitcoin- flip it in a couple of years- take the profit and buy the Doubloon- hole and suspend it- wear it proudly around your neck.

  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
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    @MrEureka said:

    @Catbert said:
    If I had 4M as mostly play money, I’d buy the coin since I would derive pleasure in ownership. Life is short. Bitcoin is like a savings account.

    Funny, I see Bitcoin as pure gambling, which is fun. I just like the odds at blackjack better.

    Beating blackjack is a likely outcome assuming all of the following:

    1) You can count cards expertly
    2) You find a single deck game with favorable rules
    3) You can vary your bet size at will without the casino kicking you out

    Unfortunately, the chances of lining those criteria up in 2020 are essentially nil.

    My Roosevelt Dime Registry Set

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