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 Replies: 32 / Views: 3,411 |
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Moderator
 United States
23522 Posts |
If you buy a bunch of coins, you'll have a collective lump of silver that'll probably make you a few bucks over time. If you buy one single collectible coin with that $500, you'll have something worth taking out and staring at as often as you wish. $500 will buy you a spectacular Large Cent, for instance. And it'll appreciate nicely-enough on its' own, thank you.  |
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Valued Member
 United States
301 Posts |
Good call dave! I've been drooling over an 1810 classic LC in XF all week, auction ends Sinday! I will post whatever gets nought, bit in leaning towards GSA morgans, or nice LC..
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Valued Member
United States
234 Posts |
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. |
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Pillar of the Community
United States
589 Posts |
Let me see how I spent the $500. MS-66 500-49=$451  VF-35BN 451-80=$371  F-12 B4 R-3 LG dim. 25c 371-176=$195  1 ducat must have gold 195-145=$50  Now the Silver Bullion 50-50= spent it all.   |
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Pillar of the Community
United States
1132 Posts |
Nice diversification! Well played sir, well played.  |
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Valued Member
United States
234 Posts |
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Valued Member
United States
167 Posts |
I didnt read all the comments. But seeing as silver and gold will always have value, I would invest in that.
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Pillar of the Community
968 Posts |
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/331305767886Then 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/390917479566EDIT: 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
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Valued Member
United States
301 Posts |
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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Moderator
United States
23522 Posts |
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. |
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Pillar of the Community
968 Posts |
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
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Bedrock of the Community
United States
20753 Posts |
I'd just go to a gas station and get a fill up. Now no more problems with extra cash.  |
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Valued Member
South Africa
453 Posts |
I would have said morgans for sure
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Valued Member
United States
234 Posts |
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.
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Pillar of the Community
United States
1903 Posts |
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. |
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Replies: 32 / Views: 3,411 |
First Page
Posted 08/30/2014 10:07 am
