$5,000 to spend
tonedcoinlover
Posts: 62 ✭✭✭
OK, you just discovered $5,000 UNDER THE MATRESS. You can buy one and only one coin. What would you purchase and why?
0
tonedcoinlover
Posts: 62 ✭✭✭
Comments
S&P500 fund. You've already lost thousands by keeping it under a mattress.
😋
All comments reflect the opinion of the author, even when irrefutably accurate.
S&P500 fund is not a coin, so this is not a good answer to the OPs question.
I’d buy a really nice, beautifully toned AU58 large size capped bust quarter. Just because I don’t expect that to be possible with $5k in the near future.
And it was in $1 bills.
A $20 Liberty in ms64. Maybe even one in ms65 that's not a 1904 if it's priced right.
Throw a coin enough times, and suppose one day it lands on its edge.
An empty set is still a set. Lmfao
He didn't say i MUST buy one coin. He also didn't say i had to spend the whole $5000.
A Sac $ and put $4999 in an S&P500 fund.
😂
You do know about emoji's?
All comments reflect the opinion of the author, even when irrefutably accurate.
A 1934 S Peace Dollar in AU58+ with a gold bean for my Everyman set assuming one exists. 😉
A fund is your best return over the long haul, for sure... but in keeping with the spirit of the OP and something numismatic... for me it would be the best 1793 Vine and Bar LC I could find. That would add the Flowing Hair to my Cent collection and one of the major type pieces.
...or, that would also be enough for a decent 1795 Half Dollar, which for me... would complete the major type for 50 cent pieces... hmmmm... ;-)
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
1878 Morgan 8TF
One of the rare die marriages in the VAM 14 family.
Something like a VAM 14.11 in AU
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
A nice Charlotte or Dahlonega.
Forget coins! Pay off or down your Car payment, Mortgage and credit cards! You will thank me later. 😂 😉
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Low Mintage and most are said to be melted.
Depending on your preferred grader.
The highest graded coin I can get for $5K of my favorite series
Given the current interest in precious metals by coin collectors, I'd split the $5,000 between the four ETFs - GLD, SLV, PPLT & PALL. Maintain the $5,000 investment and from time to time take some profits to buy some really nice coins. Year to date, the worse of them is up 58.38%.
Investment and financial advice aside as there are plenty of ways to use $5000. that could be very worthwhile depending on your financial situation .......
Using the $5,000. / One Coin premise
I would buy a very difficult date/variety CBH, with solid luster and eye appeal, in P55/58, with a bean. There are several where I would use up most to all of the money, and might even need to add up to a grand from the piggy bank.
Why? Because I love, know and collect the series, the grade range, and what good coins should look like from that criteria. And one thing I know is that I am much more successful buying what I understand, instead of speculating on things I do not.
“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
A nice slabbed US Gold Type Coin - Most likely $20 Saint or $10 Indian.
I'd purchase a coin such as this one, an 1884-cc Morgan dollar, graded NGC 65* in an original GSA holder. It has historical numismatic significance, it is highly coveted in the Morgan dollar coin collecting community, it is quite rare in this holder in gem condition with rainbow toning, and it has performed quite well as a financial investment. As such, it is highly desirable at that price for a toned coin lover. (No, this one is not for sale.)-
I’d go for a choice VF-XF CAC Dahlonega $5 with great eye appeal (getting very hard to find them still at that price point).
Naturally Toned Only ?
Toned not necessary ?
Is this for a gift ?
If yes, for who ? (more input)
If no, still need more input.
(input meaning, what kind of relevance, if any ?)
(relevance- the quality of being closely connected, appropriate, or pertinent to a matter at hand.)
No, I never sold cars.
If it were me, I'd buy the nicest slabbed double eagle that I could find.
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
A nice seated half dollar with a cc mint mark would do here
Something with a Charlotte or Dahlonega mintmark, maybe.
Collector since 1976. On the CU forums here since 2001.
I’d like a nice original PCGS f12- f15ish/CAC’d 1801 DBH , much like the current Eye Appealing Coins “Odyssey collection” example.
I highly doubt that particular one will go for $5k though!
I've always been intrigued by those. I almost bought one a couple of times when they were cheaper.
All comments reflect the opinion of the author, even when irrefutably accurate.
I like 👍
Nice score
1890-s Double Eagle PCGS 63.
don't really know what price i would have to pay in the current market but there are 2 Half Dollar sets I never got to complete.
I could never swing an 1801 Draped Bust Half in any condition. Had the other 6 dates.
I only lacked an 1852-O Seated Half to complete my year set/New orleans set combo.
Whichever i found first. james
We think alike.
Toned was a close second on my list.
Morgan Dollars intersect alot of collecting interest. Type, Die marriage, beautiful toners, exceptional specimens.
I would put problem free, slabbed Trade Dollars or key date Peace Dollars as a viable plan B
1) 1878p 8TF rare VAM
2) Toned Morgan
3) DMPL Morgan
4) Trade/Peace type coin
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Six 1/2-troy-oz Platinum Eagles.
PS:
It is only "one" coin if all six are identical
.
That’s a tough amount to spend right. Maybe a nice pattern large Flying Eagle cent
Empty Nest Collection
The best coins I "need" around the $5K mark are a decent Wreath Cent in maybe a VG8, a lesser 1793 Half Cent in a G4 or G6 with a clean planchet, and a rougher 1785 Bar Copper, maybe in a Details. It's all about what do I not yet have.
What kept you from doing so?
shameless plug
Proud follower of Christ!
Same thing I always buy when I can find it. Another Bolivia or Peru pillar minor. If I had wanted to spend another $5K, I would have bid higher on the 1769 PTS PCGS AU-55 4R sold by Stacks earlier this year. I was the underbidder slightly below it.