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Tax Time Numismatic Ambitions?

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CopperCastle's Avatar
United States
1132 Posts
 Posted 01/11/2015  11:43 am Show Profile   Bookmark this topic Add CopperCastle to your friends list Get a Link to this Message Number of Subscribers
I imagine many of you have had your eyes on that coin that seemed just out of reach all year, or the beautiful toner you've been drooling over @ the LCS. Maybe you're considering adding Gold/Silver to your portfolio this tax season? New photography equipment? Sending off that diamond tucked away in a binder to a TPG...Maybe tossing & turning over that seemingly impossible hole to fill in your Dansco. Perhaps you're gonna take advantage of most people having a little extra income to trim down your own collection. (Or maybe you're just saving up for a vacation, or perhaps a new TV.)

Do you have any numismatic ambitions for your 2014 tax refund? I'm currently researching usb microscopes for Cent variety photography, considering a Carson City GSA or maybe... just maybe (finally) getting my hands on my first US gold coin.

Inquiring minds want to know! What are your numismatic plans this tax season.
Edited by CopperCastle
01/11/2015 11:50 am
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Harmonica's Avatar
Canada
1118 Posts
 Posted 01/11/2015  11:49 am  Show Profile   Bookmark this reply Add Harmonica to your friends list Get a Link to this Reply
Student loans.....


You know what is great for cent varieties, an ophthalmoscope. You can't take pictures with it but any cent guy can benefit greatly from one.
New Member
AaronSzcz's Avatar
United States
45 Posts
 Posted 01/11/2015  11:52 am  Show Profile   Bookmark this reply Add AaronSzcz to your friends list Get a Link to this Reply
i believe I will be splurging and finishing up my Washington quarter album with a 1932-S
Pillar of the Community
amida17's Avatar
United States
4897 Posts
 Posted 01/11/2015  11:55 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
New car for my fiancé.....
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CopperCastle's Avatar
United States
1132 Posts
 Posted 01/11/2015  12:06 pm  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply

Quote:
New car for my fiancé

Buttering her up for when you bring home that VDB-S with a "missing" receipt?
I kid, but it's never a bad idea to start the year by being in your significant others good graces when you're a coin collector.
Edited by CopperCastle
01/11/2015 12:13 pm
Pillar of the Community
CopperCastle's Avatar
United States
1132 Posts
 Posted 01/11/2015  12:26 pm  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply

Quote:
i believe I will be splurging and finishing up my Washington quarter album with a 1932-S

That's awesome. This key date is a challenge to find with decent details on a budget. I watched a VF-details designation get bid upto $75 recently, and it wasn't even that pretty.
Edited by CopperCastle
01/11/2015 12:26 pm
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WheatBack's Avatar
United States
2850 Posts
 Posted 01/11/2015  3:18 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
More paper money! Maybe some 1930's MS66FB Mercs too, but my currency want list still comes first.
Valued Member
Mfidler1's Avatar
United States
63 Posts
 Posted 01/11/2015  3:32 pm  Show Profile   Bookmark this reply Add Mfidler1 to your friends list Get a Link to this Reply
Either build the emergency fund up a little more or kick it at the last student loan...
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 01/11/2015  8:07 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
What is this tax refund you speak of?
Bedrock of the Community
United States
20753 Posts
 Posted 01/11/2015  9:14 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I never could figure out why anyone would want or plan on a tax refund. The way I've always looked at taxes is why let the government hold your money with no interest. Why not just hand your money to someone and ask them to hold it for you free. Same thing. Every year I attempt to owe the government at the end of the year. I know it's hard for most to do that but I just can't see letting someone hold my money for me FREE.
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carmykle's Avatar
United States
2448 Posts
 Posted 01/11/2015  9:19 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
I'll pay some again this year.
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Mfidler1's Avatar
United States
63 Posts
 Posted 01/11/2015  9:30 pm  Show Profile   Bookmark this reply Add Mfidler1 to your friends list Get a Link to this Reply

Quote:
I'll pay some again this year.


I gave in to the wife saying how come we never get a refund so and so got $$$$. I agree with you the above statements pointless to give an interest free loan for a year.

We did get a little help with the new little one this year.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 01/11/2015  9:46 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Some have targets for their tax refunds.

For me, the priorities are always that credit card debts have to be discharged, bills to be paid and food still has to be put on the the table. If I have discretionary money after this, then it's always OK to buy coins.
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CopperCastle's Avatar
United States
1132 Posts
 Posted 01/12/2015  01:38 am  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply

Quote:
I never could figure out why anyone would want or plan on a tax refund.

I had my 1st job @ age 14 (sorting library books & putting them back on the shelves). I'm just used to it I guess. About 10 years ago I was a painter (subcontracted) for prefabricated houses & no taxes were deducted as I just signed a ledger & was paid in cash. That year I got my first (and only) 1099...I owed thousands of dollars. It took me about 3 years to chip it away. I never want that feeling EVER AGAIN.

This year I'm receiving about $6k (give or take) the first week of February. I like that feeling a lot better.
Edited by CopperCastle
01/12/2015 01:40 am
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Joe2007's Avatar
United States
3843 Posts
 Posted 01/12/2015  01:49 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Not a very large amount but I'm tentatively budgeting half going into savings and the other half going into coins/silver. Had the same allocation last year but somehow it all went to coins!
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CopperCastle's Avatar
United States
1132 Posts
 Posted 01/12/2015  02:22 am  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply

Quote:
Had the same allocation last year but somehow it all went to coins!
No judgement here Joe. I like hearing stories of others spending lots of money on coins. It makes me feel better about myself when I do it.
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