How far can you get with $1 million?

MrEureka · October 11, 2006 11:29AM

This small bronze horse is one of an edition of six. It was produced in 1951 and is estimated to bring over $1 million on October 16. For the same amount of money, what would you get in rare coins?

123cents · October 11, 2006 11:32AM

How far can you get with $1 million? As far a I need to go.

ziggy29 · October 11, 2006 11:40AM

With a million dollars, I safely get $40,000 a year, inflation-adjusted, for life. Nice "pension" there.

dwssws · October 11, 2006 11:42AM

<< With a million dollars, I safely get $40,000 a year, inflation-adjusted, for life. Nice "pension" there. >>

and a lot better than a bronze horse!

jamakin · October 11, 2006 11:43AM

I'd buy every reverse proof gold eagle on ebay coin vault , HSN and any where else I saw them.
And then I'd melt down all of them. BWAHAAAHAAAHAAA
How's that for an evil plan?

Leiana · October 11, 2006 11:44AM

You could get...

1894-S dime

OR

Several bronze 1943 cents

OR

A bevy of Bisons (gold ones

)

-Amanda

RYK · October 11, 2006 11:47AM

Complete Dahlonega and Charlotte sets in AU.

ColonialCoinUnion · October 11, 2006 11:47AM

A colonial type set in high grade, with enough money left over to buy a nicely framed photograph of a tiny, goofy, bronze horse.

XpipedreamR · October 11, 2006 11:51AM

Maybe the nicest looking 1795 eagle and half eagle I could afford with the million. If I had any left over, a party to celebrate my "newps."

tsacch · October 11, 2006 11:53AM

There and back.....with a ton of pocket change.

TwoSides2aCoin · October 11, 2006 11:54AM

the way I am in the game of trading..... ?
about fifty grand ahead after 7 months

BrianKuszmar · October 11, 2006 11:55AM

<< This small bronze horse is one of an edition of six. It was produced in 1951 and is estimated to bring over $1 million on October 16. For the same amount of money, what would you get in rare coins?
>>

Andy, Can I have the horse instead?

I would melt the small bronze horse, use the metal to make several hundred smaller bronze replicas from the original bronze horse, box them up pretty, add a pretty COA with a good story and double my money. Of course I would also get a killer mailing list that I would use to offer more cool bronze horse items to my customers. Maybe Id even make a short movie on on how we melted the horse for our future Tv ads to sell the Replicas of The Original Replicas..The possibilties are endless..

Thank u vedy much-

Regards Andy!

Brian Kuszmar

jamakin · October 11, 2006 11:57AM

brian do you work for coin vault?

WoodenJefferson · October 11, 2006 11:59AM

Does my wife have to come along?

cladking · October 11, 2006 12:01PM

<< It was produced in 1951 and ... >>

That's almost a modern. What is it MS-70 or smoething?

Aegis3 · October 11, 2006 12:03PM

Hmm... I could probably get a complete set of Assay Commission medals (by date, variety, and metal), and have enough money leftover to get a complete variety set of 1793 half cents in uncirculated. Could probably also get all the 1836-49 small date proofs also, at least a date set if not varieties.

ar18 · October 11, 2006 12:04PM

if anyone wants a similar horse, I will make 6 in my garage and ell them for 100k each. What a bargain. PM me for my paypal addy.

Barndog · October 11, 2006 12:06PM

I don't know if I could even complete my set of capped bust half dimes (by die marriage). I would hope that someone would "have his price" for the one die marriage I need: one of the four known 1833 LM-5/V10 specimens

tradedollarnut · October 11, 2006 12:07PM

That's about what I have invested into this set.

robertpr · October 11, 2006 12:08PM

<< With a million dollars, I safely get $40,000 a year, inflation-adjusted, for life. Nice "pension" there. >>

Or you can invest it in CD's, at a paltry 5% APY you'd make $50,000.

BlindedByEgo · October 11, 2006 12:15PM

<< 

<< With a million dollars, I safely get $40,000 a year, inflation-adjusted, for life. Nice "pension" there. >>

Or you can invest it in CD's, at a paltry 5% APY you'd make $50,000. >>

Yeah, and assuming 5% interest constant for life, in 14 years at 4% inflation your 50K would have the buying power of 25K.

michael · October 11, 2006 12:23PM

For the same amount of money, what would you get in rare coins?

pcgs and/or ngc graded

a really choice proof civil war era strongly cameoed quarter eagle

a really choice close to gem proof pre civil war one dollar gold piece close to deep cameo also

a really amazing totally original gem ms possible presentation strike mass half cent first year and also sexy 1787 date and extremely historical

a totally original gem proof close to deep cameo early 20th century ten dollar gold piece

a sweet really choice++ close to deep cameo three dollar gold piece mand a slightly better date to boot!!

a nice choice vg small head flowing hair half dollar which is rarity6-

a really choice vf full rims no adjustment marks small eagle early dollar and an official sexy mintage of 7776 to boot

a close to au pine tree shilling on a perfect planchet with original thick juicy crusty toning

a really choice slider au62 classic head large cent

a close to gem proof MONSTER DEEP ULTRA CAMEO trade dollar fully struck and also proof only

a killer monster original mint set toned ultra superb gem proof morgan dollar that is close to deep cameo underneath the toning

a really choice+ proof strongly cameoed early civil war dated seated dollar

a really choice au with prooflike original surfaces seated dollar first coin demonination ever struck at the cc mint

a gem ++ ms wildly toned cancelled die obverse last quarter date ever struck at the cc mint

a really sweet under 1000 minted three dollar gold piece slider killer au63 fully prooflike

a much better date pre civil war slider au63 three dollar gold piece

a gem proof 1834 half cent with a cameo obverse first ever diplomatic proof set

a gem ms wildly colored type two three cent silver

gem proof early 1870's three cent nickel deep ultra cameo

better date sleeper close to gem or gem ms trade dollar

first year original skinned choice xf/au half dime

monster super gem ms flyer sl last year of issue

monster super superb gem copper nickel cent

superb gem full red roman finish matte proof lincoln cent first year of issue 1909-p for the up and coming 2009 festivities struck before the 1909 vdb matte proofs

three dozen choice ms 64 generic saints

superb gem proof deep cameo late 19th century twenty lib

superb gem proof twenty dollar roman finish matte proof saint 1909

superb gem proof ten dollar roman finish matte proof indian 1909

original bag of 1881-s morgan dollars never opened

choice unc continental dollar in pewter 1776

choice au original 1794 silver dollar flowing hair

choice slider au63 fully struck semi prooflike no adjustment marks pre 1807 half eagle

that about does it

BigE2 · October 12, 2006 1:30AM

See? This is whyI dislike "fine art". If you'd told me it was 3,000 years old or had been found on the moon, I'd could see the $1 million estimate. The freaking things a 50 year old doorstop!

If I'd made it (and the quality is right up there with my talent) I could probably sell them for scrap metal.

A million bucks for coins? I'd like a Strawberry Leaf cent, 1974 Alumium cent, and a complete pattern proof set in aluminum. And I'd still probably have enough money to park in metals.

"fine art" grrrrrrrrrrr.

Regulated · October 12, 2006 1:33AM

I could do very well in rare coins AND buy myself an original paiting by De Kooning to boot.

DrPerry · October 12, 2006 1:38AM

I'd get 75

Small Cent 2003P PCGS 70 RD

Based on current projections

airplanenut · October 12, 2006 1:42AM

I'd start with an MS chain cent and a massively original flowing hair something-er-other.

seemyauction · October 12, 2006 1:45AM

I don't know how far I could get with rare coins but I know durn sure I could get a better horse....

Cladiator · October 12, 2006 2:15AM

With 1 million dollars I could complete my 122 coin Capped Bust half dime marriage/re-marriage set in my preferred grade of AU.

I could also complete my 50 coin set of Liberty Seated half dimes in the grade range I'm shooting for.

Lastly, I could also complete my Capital Plastics 19th Century type set in my preferred grade range.

Baley · October 12, 2006 3:15AM

With $1 million, I could finish my type set 1793-2000 in gold, silver, and copper.

RichR · October 12, 2006 3:33AM

To a South Pacific island with lots of friendly native girls...and fruity drinks!

lkenefic · October 12, 2006 3:36AM

One million to spend on coins? I guess I have low expectations... I only want a date set of US Cents in reasonable condition.

Leo

Oh...wait... and then maybe complete my date/MM set of Morgan dollars...yeah...that's it.

Oh...Oh...and my Dansco 7070 in AU-MS65

Do I still have any part of my million left??

mojoman · October 12, 2006 3:41AM

I would travel the world

come home in a year or 2 ?

poorguy · October 12, 2006 3:48AM

Look on the bright side. For a million bucks, it could certainly make one expensive self defense weapon if someone broke into your house. Whap Whap!

Who needs clever inventions to make a million bucks? Just make a couple of seeminly crudely made bronze horseys! Seems that it would take much less intellectual thought and you could retire comfortably on the return.

Coins are SOOOO undervalued.

SkyMan · October 12, 2006 7:33AM

For $1,000,000 you could buy a 2 bedroom, 1 bath fixer upper on 1/7 acre in Silicon Valley.

I'd probably donate about $150,000 to the Democratic National Party, $150,000 to the Republican National Party, split $100,000 4 ways among the top 2 Presidential runners in each party (yes, I realize I'd have to set up a PAC of some sort), split another $100,000 amongst about 10 House committee Chairs/Minority Chairs (who will all be re-elected anyhow with gerrymandering) and then lobby for something I want, be it property or laws etc., that will be worth over $100,000,000 to me. Just ask any mega-corporation, that's how it's done. Use $400,000 of the rest for seed money for the given project. Take the other $100,000 and put it into 1 or 2 nice Draped Bust Heraldic Eagle coins for something to look at while the $100,000,000 is being generated. Then when you get the $100,000,000 you could do and buy some really interesting stuff.

Coxe · October 12, 2006 8:38AM

<< 

<< 

<< With a million dollars, I safely get $40,000 a year, inflation-adjusted, for life. Nice "pension" there. >>

Or you can invest it in CD's, at a paltry 5% APY you'd make $50,000. >>

Yeah, and assuming 5% interest constant for life, in 14 years at 4% inflation your 50K would have the buying power of 25K. >>

You can withdraw much more annually at that rate (or any realistic rate), subject to inflation and increasing with inflation annually if the model is one where your take the interest plus some principle with the goal of zero nest egg after N (like 40) years.

A quick back of the envelope computation gives the first withdrawal as (G**N)/[(1 - G**(N-1))/(1 - G) - 1] times the initial principle. G is the ratio B/A, where A is inflation (1.032 for 3.2%) and B is appreciation (1.05 for 5%). The M-th year's withdrawal would be the first year's time A**(M-1); for instance an increase of 1.032**9, or nearly 33% higher, in the tenth year.

Life isn't forever, so a reasonably conservative estimate can allow for more liberal spending of the nest egg.

morgannut2 · October 12, 2006 9:37AM

<< I'd start with an MS chain cent and a massively original flowing hair something-er-other. >>

BlindedByEgo · October 12, 2006 9:38AM

<< 

<< 

<< 

<< With a million dollars, I safely get $40,000 a year, inflation-adjusted, for life. Nice "pension" there. >>

Or you can invest it in CD's, at a paltry 5% APY you'd make $50,000. >>

Yeah, and assuming 5% interest constant for life, in 14 years at 4% inflation your 50K would have the buying power of 25K. >>

You can withdraw much more annually at that rate (or any realistic rate), subject to inflation and increasing with inflation annually if the model is one where your take the interest plus some principle with the goal of zero nest egg after N (like 40) years.

A quick back of the envelope computation gives the first withdrawal as (G**N)/[(1 - G**(N-1))/(1 - G) - 1] times the initial principle. G is the ratio B/A, where A is inflation (1.032 for 3.2%) and B is appreciation (1.05 for 5%). The M-th year's withdrawal would be the first year's time A**(M-1); for instance an increase of 1.032**9, or nearly 33% higher, in the tenth year.

Life isn't forever, so a reasonably conservative estimate can allow for more liberal spending of the nest egg. >>

O.... K.... Thanks for that.

cosmicdebris · October 12, 2006 9:39AM

Couple of years at the Mustang Ranch in Nevada

Coxe · October 12, 2006 9:41AM

<< How far can you get with $1 million? >>

Currently 65th place (about +22%) in the WSCT, probably better if I actually traded (sold) some coin there.

zkcoins · October 12, 2006 9:58AM

<< This small bronze horse is one of an edition of six. It was produced in 1951 and is estimated to bring over $1 million on October 16. For the same amount of money, what would you get in rare coins?

>>

Everything I would ever want. I would own a complete set of Cents all the way from the beginning. Then mostly Modern Crap!!

fastrudy · October 12, 2006 10:57AM

I'll just keep investing it until it's all gone.

FatMan · October 12, 2006 10:58AM

I'll let you know when I'm done.

BillJones · October 12, 2006 10:59AM

With a $1 million I could complete all of my type sets, and perhaps have a few bucks left over.

By the looks of this million dollar horse I'd say that not all of the stupid collectors in the world are limited to numismatists.

BBQnBLUES · October 12, 2006 11:13AM

No question about it....

A complete Pan Pacific set in original Copper Frame
(including both $50 slugs) !

Hey, I can dream can't I

LindeDad · October 12, 2006 11:26AM

It would proably finish this set in MSXX.

Syl's Half Dollars

BTW that is an ugly horse!

Nic · October 12, 2006 12:05PM

I could get married and divorced again

. K

quattrocoins · October 12, 2006 12:24PM

I would try to aquire as many MS67FH type 1 Standing Liberty quarters as I could, including all four 1916's!

Pentimento · October 12, 2006 12:40PM

Why all the negativity in the followup posts? The original question didn't imply any disrespect towards the sculptor... Marini's work is not much different from a rare coin; it serves as a storage of value. It is socially acceptable, pleasant, and convenient. The owner held it for 9 years, probably enjoyed it, and is planning on selling it at a profit to some other wealthy fan of Italian equestrian sculpture. No big deal.

I haven't chosen how I plan on spending my million yet... Its just that the irony of comments like "But its just a hunk of shaped metal!" almost blew out my hypocrisy meter.

dlimb2 · October 12, 2006 12:56PM

I would put 500K in property...the rest I would put into an indexed annuity with a guaranteed interest rate if the markets were to go totally bust...I would continue buying coins as I do now...if the world totally collapse I could at least grow my own food and my property would include a house that could withstand an atomic bomb.

TavernTreasures · October 12, 2006 9:49PM

Statue reminds me of an episode from the TV show "The Rockford Files". Except there was a similar sized bronze statue of a bird where there were 3 or 4 known originals. It went for big money on the show which featured an auction.

TavernTreasures · October 12, 2006 9:51PM

Maybe if they grade some more 2003 MS70 cents then some rich person can corner the market and buy about 100 of them.

How far can you get with $1 million?

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