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

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muddler's Avatar
United States
7198 Posts
 Posted 08/24/2017  03:16 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
If you have collected coins for over four decades you habit would only shift to a higher degree of quality and scarcely. I would still add to my modern sets and still be tickled when I find a Wheat cent in circulation.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 08/24/2017  03:32 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
If I won the lottery, I would still collect coins and bills. I would truly be able to complete my Flying Eagle cents with a proof 1856, my Morgan dollars with a proof 1895, and finish my Gold type coins with a $4 Stella
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 08/24/2017  04:36 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I think my collection would improve by quite a large margin.

The focus would also change from finding the best possible deal to "How am I going to display all these" or "I think I will make up a set of gold Indians today"
Valued Member
United States
338 Posts
 Posted 08/24/2017  05:10 am  Show Profile   Bookmark this reply Add nutmeg to your friends list Get a Link to this Reply
I don't know if I would still collect coins. I may be too busy riding around in my new Dodge Challenger Hellcat.
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Bud250r's Avatar
United States
832 Posts
 Posted 08/24/2017  05:42 am  Show Profile   Bookmark this reply Add Bud250r to your friends list Get a Link to this Reply
Well, Back to work.
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Finn235's Avatar
United States
6130 Posts
 Posted 08/24/2017  09:16 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
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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barryg's Avatar
United States
5863 Posts
 Posted 08/24/2017  09:18 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
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...
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Joseph7420's Avatar
Canada
11922 Posts
 Posted 08/24/2017  12:14 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
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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jbuck's Avatar
United States
189767 Posts
 Posted 08/24/2017  1:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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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Parklane64's Avatar
United States
2668 Posts
 Posted 08/24/2017  2:20 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
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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jbuck's Avatar
United States
189767 Posts
 Posted 08/24/2017  2:51 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 08/24/2017  4:52 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
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.
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Earle42's Avatar
United States
10047 Posts
 Posted 08/24/2017  4:53 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
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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CelticKnot's Avatar
United States
12857 Posts
 Posted 08/24/2017  6:41 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
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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T-BOP's Avatar
United States
18456 Posts
 Posted 08/24/2017  6:54 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I wonder if that one person that won $758 M. (A women from
Mass. ) is a coin collector ?
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