@WildWestHalfDollars said:
If you still own any mortgage on your home I would pay that when the chance comes. If it is paid in full then go after the rarest coin you can locate that is in a popular series. The coin may or may not increase in value no one knows that answer.
If you mean US coins my choices would something like 1793 cent (the chain variety would be my top choice), 1796 dime or something like that. I don't see how buying 1st year issues can be a bad buy.
As for highest graded coins then maybe the best 1893-S Morgan dollar.
OT, but y pay off a mortgage? Given the interest rates in recent years & the tax deductible nature of some or all of the interest, the money is better off invested.
Oh brother, that totally rational comment has the potential to start a cavalcade of unthinking anti-debt comments. There is definitely a debt and spending problem in the U.S., but so many people don't understand (or can't conceive of) the responsible use of credit.
Trying to explain to some why I would never want to pay off my 2.75% mortgage, or why using a credit line for a month or two to buy a big coin while waiting for a more opportune time to sell investments can be worthwhile, is a Sisyphean task.
+1
Why in the world would I payoff my tax deductible 2.6% mortgage when the S&P and NASDAQ are at historical highs? I don’t keep much cash and routinely buy big ticket items with a lower interest credit line which I payoff quickly.
The day that I begin investing in coins is the day that I stop collecting coins. That’s not going to happen. I buy choice, well above average coins for their type/date, and stay far away from common material, as well as those in top pop or bottom pop condition. The pride of ownership is more than enough to make me happy.
I do not view coins as investments either (I imagine they can be but I do not care about that myself). I am a ''small fish'' maybe that is why I do not care about the financial outcome. Not saying all ''small fish'' are like that but I am.
I don’t consider my coins as an investment, but I do try to look for coins that will hold value or possibly gain in value enough to cover the transaction costs at sale time. Not necessarily a priority but the thought is inescapable when five-figure values are involved. Even art purchases have that element of awareness, when five figures are involved.
Comments
+1
Why in the world would I payoff my tax deductible 2.6% mortgage when the S&P and NASDAQ are at historical highs? I don’t keep much cash and routinely buy big ticket items with a lower interest credit line which I payoff quickly.
The day that I begin investing in coins is the day that I stop collecting coins. That’s not going to happen. I buy choice, well above average coins for their type/date, and stay far away from common material, as well as those in top pop or bottom pop condition. The pride of ownership is more than enough to make me happy.
I do not view coins as investments either (I imagine they can be but I do not care about that myself). I am a ''small fish'' maybe that is why I do not care about the financial outcome. Not saying all ''small fish'' are like that but I am.
Liberty Seated Half Dollars
I don’t consider my coins as an investment, but I do try to look for coins that will hold value or possibly gain in value enough to cover the transaction costs at sale time. Not necessarily a priority but the thought is inescapable when five-figure values are involved. Even art purchases have that element of awareness, when five figures are involved.