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Would You Still Collect Coins If You Won The $700 Million Lottery?

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United States
6130 Posts
 Posted 08/24/2017  09:16 am  Show Profile   Bookmark this reply Add Finn235 to your friends list
I'd pay off my house, splurge on a few coins I have been window shopping for years, and then probably invest/put away enough for a comfortable, early retirement, and then donate/give enough to make a difference in the world and make potential theives feel really bad about wanting to steal my lifetime issue Alexander the Great stater.

I could also buy a warehouse somewhere and corner the market on 95% copper pennies
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United States
5863 Posts
 Posted 08/24/2017  09:18 am  Show Profile   Bookmark this reply Add barryg to your friends list
FYI, I did manage to match the Powerball number, which means I won $4.

I think I'll stick with the coin collecting for awhile yet...
Bedrock of the Community
Canada
11922 Posts
 Posted 08/24/2017  12:14 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
I would definitely still be collecting coins. Right now, I have no interest in really expensive coins, and I cannot imagine that changing even with winning the lottery; I prefer cheap, low grade examples. Although, when going through junk bins, I certainly would not be as picky as I am now.
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 Posted 08/24/2017  1:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
But if you had $700 MILLION, why would you need to invest in anything?
The rich are never satisfied as long as there is still someone else with more money than them.
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United States
2668 Posts
 Posted 08/24/2017  2:20 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list
Of course, I would still collect coins. I would hire an expert to help me collect even more and arrange my haphazard collection. Might buy a new 'puter.
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 Posted 08/24/2017  2:51 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Might buy a new 'puter.
I first read that as putter.


Quote:
I would hire an expert to help me collect even more and arrange my haphazard collection.
I never of that idea, like hiring a coin concierge to assist with the hunt. That could be interesting.
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United States
5854 Posts
 Posted 08/24/2017  4:52 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list
I think it would mostly depend on being able to stay anonymous. There are six states that allow you to claim anonymously and if I could claim anonymously, I would continue to collect. Unfortunately, I don't live in or near one of those states so if I did win it would likely mean the end to collecting. I like being able to look at and buy coins in person. I don't want to deal with all the people that come out of the woodwork asking for money. It will probably mean I won't be able to go where there might be a lot of people like shops, shows, or auctions. Sure I could buy things online but if that was my only source, I don't think the hobby will be as fun anymore.


Quote:
But if you had $700 MILLION, why would you need to invest in anything?

However large, the amount of money is finite. Your spending habits will probably increase exponentially. If not invested wisely, you will find yourself no better off than where you are right now or possibly worse. Too many lottery winners have found that out the hard way.
Bedrock of the Community
United States
10047 Posts
 Posted 08/24/2017  4:53 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
I know I would still collect. How?

I had to put hobbies aside for awhile. I still never quit looking at pocket change, and I never quit looking up at the telephone poles to see what insulators were on them. I have all my woodworking tools and would feel lost without them, even though I don't get to use them much anymore. I cannot help but look at old bottles. Almost every time I am able, picture or otherwise, I check railroad ties for date nails.

Hobby interest is more of a way of life for me than an add on. I don't squander time that responsibly needs to be spent elsewhere, but life is seen in terms of these interests (and others). They are not add-ons.

Two things I never did consider hobbies, rather they are a way of life - is hunting and fishing. I can do neither at present, and maybe never will be able to again, but time spent honing these skills (I never sat in a tree) was no more negotiable than breathing air. I also taught my kids survival as much as I could - a direct purpose and result of the time I spent in the wild.

So whether I was a millionaire or not, I do not think much would change - including my lifestyle. Although I do believe I would move back up north to a decent (cold, 5-6 month winter) climate where I had some actual woods to spend time in.

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
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12862 Posts
 Posted 08/24/2017  6:41 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
I guess none of us has to worry about it... until the next mega-jackpot.

But yes, I would still collect, and that would really open options up, of course. It sure is a nice little diversion to fantasize about it.
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United States
18456 Posts
 Posted 08/24/2017  6:54 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
I wonder if that one person that won $758 M. (A women from
Mass. ) is a coin collector ?
Pillar of the Community
United States
3477 Posts
 Posted 08/24/2017  7:10 pm  Show Profile   Bookmark this reply Add nfine to your friends list
I would probably still collect on a limited basis... I would love to put together a $4 Stella proof and uncirculated set, with patterns.
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United States
1533 Posts
 Posted 08/30/2017  09:36 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list
I would finish my Bust dollar collection with a 1794 and an 1804.

Interesting people talking about the influx of money from a well heeled collector influencing the market. There is a very wealthy new collector that is trying to do Eliasberg and has been at most major shows and auctions. Have you noticed any impact on prices? We were talking at MSNS about how much money he'll have to spend to do it. Between the 1870-S Half Dime, 1894-S dime, and the 1804 dollar, as well as a few other R-8 rarities, $50MM might not even cover it.
Edited by Andrew99
08/30/2017 09:37 am
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189767 Posts
 Posted 08/30/2017  2:00 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I would finish my Bust dollar collection with a 1794 and an 1804.
Excellent! That is the right attitude.


Quote:
Interesting people talking about the influx of money from a well heeled collector influencing the market...
Interesting commentary. Thank you for sharing.
Bedrock of the Community
Australia
21788 Posts
 Posted 08/31/2017  01:30 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
I wonder if the winner, if they don't already, will start collecting coins?
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189767 Posts
 Posted 08/31/2017  10:20 am  Show Profile   Bookmark this reply Add jbuck to your friends list
If history is any indicator the only thing they will collect is more problems.

I hope I am wrong though. It would be interesting if they were already or decided to be a coin collector.
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