| Author |
 Replies: 24 / Views: 2,223 |
|
|
|
Bedrock of the Community
United States
20753 Posts |
Those stories of someone in the family stealing a coin collection is not uncommon. A neighbor of mine had a Gold coin collection. His grandson stole the entire thing and sold it somewhere for drug money.
|
|
Valued Member
United States
164 Posts |
I'd say the breaking point for my collection would be about 1000$ to 2000$. Despite the fact my coin collection is not worth nearly as much, I feel that I have put a lot of hard work into my collection (Which is still not finished) and it would be hard to part with all that in the blink of an eye, even for a large amount of cash. (Then again that may change if somebody offered me something over 10,000 or so, In other words enough money to profit and be able to restart the collection  ) Edited by JOE
01/18/2009 05:06 am
|
|
Moderator
 Australia
16831 Posts |
My collection is worth nowhere near 96 million dollars, but I'd still say "no thanks - keep bidding higher". I've put years into my coin collection, and some of the ancient and mediaeval coins I have are effectively unique; I simply couldn't "buy another one just like it", for any price, because they don't exist. Besides, anyone who would seriously offer $96 mil for my coins would have to both (a) be insane, and (b) have far more money where that first 96 million came from. I'd hold out for at least a billion. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Valued Member
United States
439 Posts |
Hmmm, I dunno about monetary value. I suppose I'd sell the entire lot for about the price of a good used car but that price would come down quite a bit if I'm able to keep a certain few that I just kinda like.
But than I'd fork them all over for a date with Gillian Anderson.
In a heartbeat, oh yeah
|
|
Pillar of the Community
United States
790 Posts |
I keep an excel spreadsheet in which I keep track of the prices I paid for coins. Based on the prices I paid, I'd say it would take at least $100,000 to sell (no, I did not spend nearly that much but...the price of silver has gone up a lot since I got much of it and the sentimental value). I'd like to pay off a few bills and get a fresh start.
|
|
Rest in Peace
United States
5375 Posts |
My collection is worth about $12,000 market, I'd give it up for double that maybe.
|
|
Pillar of the Community
United States
615 Posts |
Dont fear the lottery winner's curse. That thing hits those that win bc they don't know how to manage money. The fact you fear it would likely stop it from happening to you.
Does it make sense to play the powerball? If the jackpot gets high enough, then yes. I bet the winner's over that amount are less likely to have that curse.
Assuming 1 to 150 million odds.... figure 2x due to the annuity function of the pot... I figure a jackpot of $300+ has a profitable outcome assuming you have other gambling winnings. If you don't have other gambling winnings, then it would need to be around $450+ million due to taxes. Then your income and net worth would determine how many tickets you should buy, but the number will be pretty low due to the long shot nature of the game.
As you can see.... playing the lottery is rarely if ever profitable for the player.
|
|
Moderator
 United States
6563 Posts |
Quote:
I'd give it up for double that maybe. Besides a few choice coins that are irreplaceable I'd easily sell mine for twice what I paid for it. Or more of course  |
|
Valued Member
United States
199 Posts |
My collection is worth exactly 96 million.Who wants to buy it?
|
| |
Replies: 24 / Views: 2,223 |
First Page
Posted 01/18/2009 05:04 am
