Poll: Have you ever gone into debt to buy a coin for your collection?

Comments

• RYK Posts: 35,800 ✭✭✭✭✭

  July 10, 2007 9:49AM

  
  
  << <i>100! Thanks, RYK. >>
  
  
  
  Not only did you start a 100-post thread, you reveled in making the 100th post. Do I get the assist?

  My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132

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• seemyauction Posts: 3,655 ✭

  September 18, 2007 12:12AM

  Not a single coin, but I have bought large collection on credit.
  
  
  AL

  CoinZip.com

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• DennisH Posts: 14,015 ✭✭✭✭✭

  September 18, 2007 12:15AM

  I've done summer-long layaways with my favorite Morgan dealer a couple of times, and they some of the best purchases I've ever made.

  When in doubt, don't.

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• SeattleSlammer Posts: 10,075 ✭✭✭✭✭

  September 18, 2007 12:19AM

  it feels so much better when they're paid for.......like a little nest egg, only more fun.
  

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• dac076 Posts: 817 ✭

  September 18, 2007 2:05AM

  I agree with basestealer on the overuse of debt in the US. I have borrowed to buy key-date coins in the past using the rationale that they were rising fast in value, so I needed to get them before they're out of reach. But in reality, there's always another bus if you miss one. Ultimately, and I didn't enjoy the coins as much because of the debt, and I would never do it again.
  
  Now we've paid off all our consumer debt, and are working on our mortgage. Very few people can pay cash for a house, but to say that you can't own a car without going tens of thousands of dollars into debt for half a decade is ridiculous.
  

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