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What To Buy With $500, Single Coin Or Multiple.

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Author Previous TopicReplies: 32 / Views: 3,410Next Topic Page 3 of 3
Valued Member
United States
234 Posts
 Posted 08/30/2014  12:16 pm  Show Profile   Bookmark this reply Add ALP to your friends list

Quote:
Buy a $500 coin that you have always wanted but told yourself you could never afford.

I agree.

Or, maybe a $400 coin and spend the remaining $100 on a few more affordable coins.
Pillar of the Community
United States
589 Posts
 Posted 08/30/2014  1:24 pm  Show Profile   Bookmark this reply Add johntookit to your friends list
Let me see how I spent the $500.
MS-66 500-49=$451
What-To-Buy-With-$500,-Single-Coin-Or-Multiple.
VF-35BN 451-80=$371
What-To-Buy-With-$500,-Single-Coin-Or-Multiple.
F-12 B4 R-3 LG dim. 25c 371-176=$195
What-To-Buy-With-$500,-Single-Coin-Or-Multiple.
1 ducat must have gold 195-145=$50
What-To-Buy-With-$500,-Single-Coin-Or-Multiple.
Now the Silver Bullion 50-50= spent it all.
What-To-Buy-With-$500,-Single-Coin-Or-Multiple.
Pillar of the Community
United States
1132 Posts
 Posted 08/30/2014  1:31 pm  Show Profile   Bookmark this reply Add CopperCastle to your friends list
Nice diversification! Well played sir, well played.
Valued Member
United States
234 Posts
 Posted 08/30/2014  1:35 pm  Show Profile   Bookmark this reply Add ALP to your friends list
Nice choices!
Valued Member
United States
167 Posts
 Posted 08/30/2014  2:01 pm  Show Profile   Bookmark this reply Add Mullen to your friends list
I didnt read all the comments. But seeing as silver and gold will always have value, I would invest in that.
Pillar of the Community
968 Posts
 Posted 08/30/2014  2:47 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list
If you don't want to drop it all on one coin, you could chase something like a Redfield and a GSA, two of the largest and most interesting hoards of Morgans ever.

This one is $370... Bet the seller would take $350 if you messaged them an offer;

http://www.ebay.com/itm/331305767886

Then since your original budget was $600, I'm going to take the liberty of spending that extra $100 for you, and cashing in your change for an extra $30 and buy this one for $280;

http://www.ebay.com/itm/390917479566



EDIT: I have no connections to either seller, just to be clear. Two nice coins I picked out, nothing more.
Edited by chasingtailbar
08/30/2014 2:50 pm
Valued Member
United States
301 Posts
 Posted 08/30/2014  3:00 pm  Show Profile   Bookmark this reply Add coinaddict1795 to your friends list
Those are some nice coins!! I will put those in the running for sure!! Funny enough, I just had some guy email me about a craigslist post I have who wants to sell me 197 morgans for $15 each.....I meet with him Wednesday....might be crap, might be great...I dont see losing any money there for sure!!
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United States
23522 Posts
 Posted 08/30/2014  3:03 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
You know, I really can't disagree with what you chose to do. Perhaps you made a salad where I'd have made a steak, but it's a nice salad.
Pillar of the Community
968 Posts
 Posted 08/30/2014  3:06 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list
I could flip those for $19 easily. I'd be all over that. Just make sure there aren't fakes in there, I had a guy offer me 65 morgans for $17 each last month and ~25 weren't real. When I pointed that out and adjusted my offer to reflect that, he walked... he was definitely trying to pull a fast one. If he paid 20 each for the real ones and a buck each for the counterfeits...

$20*40=$800
$1*25= $25
Total = $825
My offer;
$17*65=$1105
His profit if I wasn't careful;
$1105-$825=$280, or 34% return.
Edited by chasingtailbar
08/30/2014 3:07 pm
Bedrock of the Community
United States
20753 Posts
 Posted 08/30/2014  3:18 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I'd just go to a gas station and get a fill up. Now no more problems with extra cash.
Valued Member
South Africa
453 Posts
 Posted 08/30/2014  4:15 pm  Show Profile   Bookmark this reply Add ASEnut to your friends list
I would have said morgans for sure
Valued Member
United States
234 Posts
 Posted 08/30/2014  4:16 pm  Show Profile   Bookmark this reply Add ALP to your friends list
Or buy a tank of gas, use it to go to a coin show you wouldn't normally go to, and see if you can find something there that really excites you.
Pillar of the Community
United States
1903 Posts
 Posted 08/31/2014  10:22 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list
you could sort of do both bullion and classic at the same time....get a really nice Walking Liberty half dollar. Has the same obverse image as bullion silver but classic coin at heart.
Valued Member
United States
301 Posts
 Posted 08/31/2014  10:29 pm  Show Profile   Bookmark this reply Add coinaddict1795 to your friends list
I think I'm gonna spead it out. I just bought a 1840 o Seated quarter (will grade xf maybe..), a 1931s lincoln AU50 PCGS, and a really nice 1852 trime( high vf, maybe 40) and I'm still shopping. Drooling over a 10oz silver bar for $220.... Or a toned 83cc GSA Morsan M63, and a raw 1814 LC that is gorgeous..I will post all the coins on 1 topic in grading when I'm done. Keep the suggestions coming!!
Pillar of the Community
United States
1566 Posts
 Posted 09/01/2014  08:06 am  Show Profile   Bookmark this reply Add Celticsoul to your friends list
Buy some cool copper with what's left over. It sounds like you're into the Classic Head large cents.
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