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 Replies: 49 / Views: 4,021 |
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Pillar of the Community
United States
2600 Posts |
Unless you are finishing a high grade set, 10,000 dollars is a lot to invest just to own a coin without planning to have a return on your money. There are much better ways for you money to work for you if you are looking for growth. I was lauding gold in the mid $600 and put a fair amount into it. With the American dollar problems and energy going thru the roof and the Pacific rim nations moving to stabilize their monetary system with precious metals, it was a no-brainer. ""Other opportunities exist. Buy coins for fun and hobby and invest with your head.
Jim
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Pillar of the Community
United States
1130 Posts |
OOOPS ! I think I just did :)
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Valued Member
United States
130 Posts |
If I were guaranteed it would go to $20,000 over 10 years, sure. But, for a hobby, I don't think I would. There is a chance I would buy something really nice simply to have for a while but it would move along to the next person fairly quickly.
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Pillar of the Community
United States
2602 Posts |
No way I'd buy a single $10,000 coin. If you are thinking along these lines, then you most likely are thinking of it as an investment. And for investments, NEVER PUT ALL YOUR EGGS IN ONE BASKET. So IF I had an extra $10,000 to blow (who does?), I'd probably buy 10 different $1000 key date coins, or 20 different $500 key date coins or may 40 $250 key date coins. Always a mixture though in case some of them stay flat, maybe a few dupes.
Diversification!
Edited by mycrob
01/10/2008 11:33 am
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Pillar of the Community
United States
1840 Posts |
A $10,000 coin that I'd have to hide in a bank box? No way. Now a bigger boat on the other hand...
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New Member
United States
14 Posts |
I picked up a pcgs 65 red 09 svdb. It wasn't $10k exactly but close. Its the Norweb example. I love it. I am not building a high grade set. just wanted a trophy coin for a bit. Not to mention the prices have gone crazy for the rest of the series. This is one coin I will hold on to for awhile.
Im almost thinking of selling, just to put the green in the mpl's.
good topic.
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Pillar of the Community
United States
1130 Posts |
Nice pick-up BajaBlu.
I just wanted a 09-S VDB since it was a childhood dream, but I didn't want to spend big bucks on it, so I got a F/VF one for under 1k. It does look a little dark from AT but confirmed to be genuine from several experts I visited.
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New Member
United States
14 Posts |
nice. The circ. examples have jumped in price big time. If its been at or cleaned, use it as a pocket piece to get it original again. Only problem with that is if you forget you have it, and spend it. ouch. My dad always wanted a gem 09svdb, but never had one. I got it earlier this year and like it very much.
Once the price is $10-15k I would probably sell to fund other coin buys. Thanks for the kind words.
I just got a 1916 mpl in a 65br.pcgs was way conservative with the grade too. Its not right at $10k but its close.
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Pillar of the Community
United States
1130 Posts |
It would be very easy to spend a 1909S-VDB since it still looks like the ones in circulation.
I just picked up another 1856 FE, but had to sell lower grade one to be able to afford it.
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New Member
United States
21 Posts |
If I had the money to spend, sure I'd buy. But there is no way I can save that money these days.
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Pillar of the Community
United States
1283 Posts |
If I was extremely wealthy I would buy certain $10,000+ coins in a heartbeat. But if one has to save up to buy a coin... don't.
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New Member
United States
14 Posts |
paratrooper? 92romeo here. nice to meet you. this is a good topic. no drama. I like this forum.
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Valued Member
138 Posts |
Yes, I would probably spend $10,000.00 on the right coin if it crossed my path. But, I think all of the above things would happen to me. I can just see me now crawling in the desert like Howard Hughes and found dead with that coin clutched in my hand.
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Pillar of the Community
United States
1083 Posts |
At some point, collectors have to realize that you can't take your coins along after you pass. If my income bracket was high enough that $10,000 was like a $100 is to me now, sure I would buy a coin like that, but just to enjoy it. Given my current retired income level, if I spend $10,000 on anything it will be to travel the world, not on a coin. I get plenty of enjoyment from the coins I buy at my level. I just purchased a BU Shield nickel for $130 to upgrade my 7070. I will get lots of enjoyment from that and leave it for my kid someday! |
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Valued Member
Australia
206 Posts |
I would save and buy a nice EF Indian die Dropped 1 Aussie penny, if one fitting that grade actually exists. By the time I saved the $10 000, someone else would have already bought it 15 000 probably.
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Replies: 49 / Views: 4,021 |
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Posted 01/08/2008 11:29 am
