The 10K+ club

Thanks for the response. Fantastic coins BTW!

 

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Just curious as to what the purchasing power of the coins in this thread would be when minted. $11 2000 years ago would compound to about $32000 now at an interest rate of 0.4%. To my way of thinking that makes them an excellent deal that the price.

 

If I had $17K to spend, it would be towards that Corvette! Or maybe this one!!

 

I am in awe of you guys who can buy such expensive coins. I found out a week or two ago that I had spent maybe $17K in the past two years on coins. (Don't tell my wife). Maybe the most expensive one was $300? Most well under $50. I am having fun, and to me that's what counts.

 

63? The Vette I mean

 

I have a mint 99 convertible, bought it new back then, probably only put 100 kms on it in past three years. I am working every day, from April 10th to around Dec when snow hits. Cannot not drive it in Winter=salt+snow+ice I am saving up for a perfect frame off restored 67 427/400HP Tripower/ powerglide/factory sidepipes vette.....in the meantime, I will be adding more AV coins to my collection, which spans 27 centuries/ now at 845 examples Back to the 99, I had her upto 284km. back in 2000/ a bit scary.

 

LOL, big fun! Back in the '90's I drove a Mercedes on the way to Hilden area (yeah a factory) on the Autobahn at 255 kph... JUST to do it... EXCELLENT automobile, but, even I got a bit scared at that speed. Yeah, stupid, but FUN. Loved going to and watching Indy 500's at over 200 mph / 300 kph ! ...Nope, I am not qualified.

This is a FAST Biga...

RR AR Denarius 149 BCE Pinarius Natta Roma X - Victory Biga whip NATTA ROMA Cr 208-1 Syd 390 (Nope, not 10k - just fast...)

 

I will continue to maintain that the proper amount to spend on a hobby is the amount of money that means nothing to you. If you are deeply in debt and unsure where tomorrow's food will come from, the correct number is zero. If you made five million last year and can see your way clear to live on only four million, go for that million dollar coin. I know a collector currently trying to sell his collection to add to his retirement piggybank. He will be lucky to get half of the money he paid but that is OK since he got the other half back in fun 'while it lasted' before he decided that not working forever outranked buying stuff. My situation allows the amount I spend without really caring what the coins might bring if I sold them today. I hope you all can say the same.

Still I admit a special thrill when I buy a coin for $100 and find it sold five years ago for $200. Realistically, that does not mean I did well but only that I did not do as poorly as I might have. Either way, I have the coin and don't have the money which meant so little to me I was willing to spend it on a toy.

 

In the early 2000's I stumbled across a 67 427 convertible sitting in a garage since like 1970-71, no real miles on it, for the whopping price of ten grand. I sometimes think passing on it was one of the stupidest moves of my life.

 

Ooh split window.

I know a guy who has a '57. It's freaking amazing.

 

He turned down $95K (not from me!!)

 

I do enjoy seeing photographs of coins that show all the details that existed when they were (pretty much) first minted. I also appreciate their unsurpassed beauty. Thanks to everyone who posted such coins in this thread.

 

Or it means the previous owner did not do as well.

 

That is a beauty! I have seen (and held) a few of these at coin shows. Note quite as nice as yours. An ancient gold coin like that has plenty of history in its back pocket.

 

My philosophy as well. I could definitely afford to spend several times what I currently spend on coins and still have money left over to put into savings and retirement but I'd rather not be put into the position where I'm spending so much on coins that I have to look at my "investment" in coins any different than my "investment" in a nice meal or a day at the gun range. I feel like this allows me to enjoy collecting better than if I were worried about the monetary investment, as there's no way I would buy half the coins I end up with if I were primarily worried about resale value rather than historic or numismatic interest.

 

LIKE JAMES BROWN SAID "YOU PAID THE COST TO BE THE BOSS"! SMILES! YOU DID WONDERFUL WORK ALL AROUND!

 

I envy this post... I couldn't afford anything above 4k ...

 

My wife told me I spent too much money on coins and to find another hobby, so I started collecting and building HO trans and taking over the spare bedroom, so after a bit she told me to go back to coins it was cheaper and took a lot less room.

 

A word of advice. For myself, if you want to have your cake and eat it to.....buy high quality/ rare coins. These will always keep escalating in price, and they are gorgeous to look at.I think of them all day while working, ponder future bids in upcoming auctions, giving me more incentive to work long hours. Talking about cake, I ate a whole raspberry torte when I got home from work tonite....so yummy.

 

You are hoping this is true. I do not care in the least. The money I have spent on hobbies, food, travel, entertainment is not expected to issue capital gains but only intangible dividends. Do you enjoy your single high dollar coin more than I do my purchases that add up to that same number?