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 Replies: 42 / Views: 2,892 |
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Pillar of the Community
United States
2540 Posts |
Okay, your great Aunt Sophie has just passed into that coin store in the sky. A reading of her will says: "I hereby bequeath my wonderful nephew/niece $500,000, BUT.... he/she MUST spend it on a coin collection. Any money not spent on coins will be donated to my foundation for 'Save the Squirrels'. Now, you have $500,000, what would you buy?  My dream sets: Gem Unc Set of Barber dimesGem Unc Set of Barber quartersGem Unc Set of Barber half dollars (including the 1892 O micro O.) More to follow after I add these up. ***Edited to move to Main Coin forum*** |
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Pillar of the Community
 United States
2540 Posts |
Here goes: Barber dimes: MS-64= $119,350 (without the 1894S) Quarters: MS-64 $222,290 Half Dollars: MS-63= $214,950 less the 1907 S in MS-63, (@$4,500) and the 18092 O micro O @ $52,500= $157,950. Total= $499,590. So, I have managed to leave $410 to my squirrely friends, or I'll just buy a couple of extras, and leave some nuts for the squirrels. Edited by TreasHunt
10/23/2008 06:34 am
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Pillar of the Community
United States
2540 Posts |
Please ignore the ending of the above, apparently I can't edit this.
That's what happens when you type faster than the brain will allow, or hit control something and paste to a comment.
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Moderator
 United States
187446 Posts |
For starters, I would have to assemble the greatest Eisenhower dollar and Franklin half dollar collections the world has ever known; just because I like them so much.  Then I will shift gears and focus on early 19th century American coinage. I have avoided going beyond what is necessary to fill the 7070 and I have no idea what it would cost; probably because there is currently no way I could afford (time and money) to seriously collect them. |
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Pillar of the Community
United States
3294 Posts |
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Valued Member
United States
406 Posts |
I would buy the biggest collection of wheat cents I could find. Then junk bags of silver to go through. That would keep me occupied for about 15 years!
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Pillar of the Community
United States
1801 Posts |
First off I would keep my plan a secret until I had all the coins, don't want any of you driving up the price on me (LOL)
I would start buying all the NGC/PCGS certified Carson City gold coins I could find at MS55 or higher and just keep buying until I ran out of money. I really like those coins, just can't afford them in the real world. They have history and rarity on their side and are beautiful as well.
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Pillar of the Community
United States
830 Posts |
I'd buy an AU-58 US Type Set, including gold, one coin at a time over the next 5 years or so. And NOT the Dansco 7070 version, but a really complete one. I think half a million would cover that |
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Pillar of the Community
United States
5318 Posts |
I don't think I would change my habit of slowly buying coins. That much money could cover my collecting for several lifetimes. I'd look for a "stable" place to park that $500K, and use the return to start researching/collecting another area, such as hammered silver coinage of Europe. I know-- pretty dull idea.  Edited by KurtS
10/22/2008 4:00 pm
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Pillar of the Community
United Kingdom
1077 Posts |
I'm with nod2003, buy up a complete issue of something and watch the price soar!!
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Moderator
United States
16677 Posts |
Key dates ie. 1916-D Merc.,1901-S Barber 25C, 1877 1C, 1893-S $1, 1870CC silver & gold, etc. VF-MS grades. Then hold.
swcoin.ecrater.com
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Pillar of the Community
United States
1208 Posts |
I like the idea of buying AU-MS key coins from different
varieties, until the money runs out. Nothing for the
squirrels.
Imagine buying half a million of only 1916 SLQs!
Corner that market!
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Pillar of the Community
United States
2734 Posts |
Quote:
Imagine buying half a million of only 1916 SLQs! That would be a neat trick, considering that only 52,000 of them were minted.... You could buy around sixty 500-ct. green Mint boxes of American Silver Eagles, then spend the rest on American Gold Eagles, and that would be a 'coin collection', by any definition!  If a provision was attached to the will specifying that they be 'collector' coins, well then it would be quite easy to buy $500K worth of pre-1934 Gold coins. Anyone on this board could probably spend the $500K in a week or two just by buying high-grade PCGS/NGC-slabbed coins on ebay! Edited by DNA
10/22/2008 6:47 pm
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Moderator
United States
187446 Posts |
I think he was saying a Half Million Dollars worth. Or at least I hope that is what he meant! |
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Pillar of the Community
United States
2734 Posts |
Quote:
jbuck:I think he was saying a Half Million Dollars worth. Not very many 1916 S.L. Quarters are for sale at any given time (there's only 9 of them on ebay as I write this), so it could take years to buy $500K worth of them! |
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Pillar of the Community
United States
1231 Posts |
I would go buy $500,000 in current circulating coins from the bank. I satisfied the stipulations of the will. And the following day I would deposit all of into my account. Then pay off the house and all other bills.
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Replies: 42 / Views: 2,892 |
Posted 10/22/2008 10:26 am
