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Are You Ever Tempted To Spend A Rare Coin At Face Value?

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Author Previous TopicReplies: 23 / Views: 1,598Next Topic Page 2 of 2
Valued Member
United States
132 Posts
 Posted 12/10/2024  9:52 pm  Show Profile   Bookmark this reply Add CoinAdvocate to your friends list

Quote:
Thinking about it NOW is the time for A Coinfrog answer as - "How stupid is this thread"


I would assume that if you believe a topic is beneath you to reply to you would do just that, ignore it. Instead, you have taken the time to not only bring a fellow CCF member down but also bring up your post count.

If you don't want to participate then don't. It would then be on me to recognize that my post wasn't well thought through and post more qualifying posts in the future. Replying like this does not encourage others to share or help us grow.
It is not enough to merely enjoy coins; one must Advocate for them!
Bedrock of the Community
United States
59754 Posts
 Posted 12/10/2024  10:35 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
I would never spend a rare coin at face value. I would keep it and then maybe sell it.
Errers and Varietys.
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5185 Posts
 Posted 12/10/2024  10:36 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
That would be one very expensive coffee !
Heck a five dollar gold buys a pretty nice
Weekend in Vegas from our part of the world !
As an aside almost no one alive today has used
a Gold coin in a commercial transaction .
Valued Member
United States
132 Posts
 Posted 12/10/2024  11:12 pm  Show Profile   Bookmark this reply Add CoinAdvocate to your friends list
I know it sounds kind of crazy to spend a $5 gold piece on coffee. Although, I'm sure if any of us were rich enough to do so flippantly we would perform such an action in one form or another.
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12442 Posts
 Posted 12/11/2024  03:51 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list
I have certainly entertained the idea many times, but I would never go to that length. If I thought it wouldn't cause confusion, I might try to spend a common Morgan or Peace at face. However, I suspect that any of these coins would be met with suspicion and varying degrees of trouble so as to not make it worth the effort. Ultimately, the person who benefits from the exercise will not be who you imagined and it won't bring any satisfaction. Or, maybe I'm just a cynic.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/12/2024 03:28 am
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 Posted 12/11/2024  07:07 am  Show Profile   Bookmark this reply Add Dearborn to your friends list
Well in my current financial situation, I would say no way, but if I was rich and had Krugerrands falling out of my back pocket, then quite possibly I 'might'.
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United Kingdom
16752 Posts
 Posted 12/11/2024  08:50 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list
I've spent hundreds of 1971 British 1p's and 2p's and dozens of Peter Rabbit, Mrs Tiggy-Winkle and Battle of Hastings 50p coins, and according to some 'experts' on ebay they are all extremely rare and worth thousands of pounds each!
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 Posted 12/11/2024  09:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list

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Try it first with Ike dollars...I spent 3 of them at a Diaso store near me, the clerk said with a puzzled look on her face..."what the heck are these" I said "dollar coins" she responded "US ?" She studied those coins for about a half a minute before dropping them in the til.
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164459 Posts
 Posted 12/11/2024  09:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I know it sounds kind of crazy to spend a $5 gold piece on coffee. Although, I'm sure if any of us were rich enough to do so flippantly we would perform such an action in one form or another.
Billionaires can do it. Billionaires should do it. They can only own so much stuff before it becomes obscene. Too late. I will shut my mouth now.
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 Posted 12/11/2024  11:40 am  Show Profile   Bookmark this reply Add coin rejector to your friends list
About this time every year, the local news mentions that someone donated a rare gold coin to one of the Salvation Army's Bell Ringers' bucket. I think its admirable of people that can give-back to the less-fortunate. If I were financially able to, I would absolutely do something similar to one your scenarios.
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United States
359 Posts
 Posted 12/11/2024  5:51 pm  Show Profile   Bookmark this reply Add Freespeech57 to your friends list
Maybe not a $5 gold coin, but silver dimes or quarters, Indian Head cents, Ike's, Buffalo nickels, etc. Great way to spur interest in coins, even if it won't make the recipient rich.
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United States
132 Posts
 Posted 12/11/2024  8:36 pm  Show Profile   Bookmark this reply Add CoinAdvocate to your friends list

Quote:
About this time every year, the local news mentions that someone donated a rare gold coin to one of the Salvation Army's Bell Ringers' bucket. I think its admirable of people that can give-back to the less-fortunate. If I were financially able to, I would absolutely do something similar to one your scenarios.


That's the kind of thing that gives me hope for humanity
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 Posted 12/12/2024  06:00 am  Show Profile   Bookmark this reply Add tdziemia to your friends list

Quote:
About this time every year, the local news mentions that someone donated a rare gold coin to one of the Salvation Army's Bell Ringers' bucket. I think its admirable of people that can give-back to the less-fortunate. If I were financially able to, I would absolutely do something similar to one your scenarios.


It's also possible to set up a recurring donation to a favorite charity for those who are able.

On the original question, it sounds like a kind of expensive psych experiment, and I don't like the experimental design so far. We'd need to get more than a single data point to draw any kind of conclusion, for one thing.
While we are at it, we could also ask whether it is ethical for the cashier to swap out the coin without consent of the business owner.
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 Posted 12/12/2024  07:19 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list
If I were rich enough it would be great fun to go to somewhere like Tuvalu and try to buy a beer in a bar with one of that country's huge gold or silver NCLT coins!
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164459 Posts
 Posted 12/12/2024  09:50 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Maybe not a $5 gold coin, but silver dimes or quarters, Indian Head cents, Ike's, Buffalo nickels, etc. Great way to spur interest in coins, even if it won't make the recipient rich.


Quote:
If I were rich enough it would be great fun to go to somewhere like Tuvalu and try to buy a beer in a bar with one of that country's huge gold or silver NCLT coins!
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