The interest from a million dollars would be enough to net you a few tens of thousands of dollars a year, before taxes, of coin purchases without impacting your initial deposit. I'd rather have guaranteed coin-money to play with for life. Fish
Cash There are some things other than coins that I would like to buy---maybe someday I'll sell my collection and but them and start back at square one! Speedy
CASH! One must pay for the necessary things in life (like college loans) before buying coins. Don't get me wrong, a good part of that money would be spent on coins!
I think I’d rather retire and find a job I enjoy rather than one I need. Coins would come over time. =p
Inflation is 10-12% or more this year, interest rate is 5%, 40% of which you will donate to our generous government. So you freeze your 1 M to get 30K , to compensate somehow 100-150K you lose thanks to inflation. Smart move.
Gave me a million in market value coins. You could sell them in a year no sweet. Probally make a few buck over the mill. You can also controle how much you sell and be able to hide big bucks from the feds.( READ THAT AS CONTROLE TAX'S RATHER THEN HIDE INCOME). If you ask me? If you had a million in market valued coinage. You could sell them slowly and make even more then a mill if you took your time about it. While saving on the tax's. If you got a million in cash given to you the interest rate would be nice but your first year of tax's would bleed you for about 250,000 or 300,000 dollars. So you would end up with about 700,000 plus that years interest. I look at it like this, Take your time MAKE MORE MONEY.
If you give me a million I promise not to be picky: cash or coins - I will have no complaints.....:smile
Well, I'd put the million cash into tax-free securities such as municipal bonds. That would help with the tax dodge... er, I mean, legal avoidance...
You might be right. but each state has its own tax's. Just a raugh guesstament, and you dont know what the fed will do? Unless of course you have a million already. Then I guess you would know.
No one is metioning that one tiny little thing called TAXES. Please be more explicit. Is the cash with or without taxes. If in coins would I have to come up with the tax money from my own money or sell the coins to help pay for the taxes. Another thing to worry about is would this be considered income? If so it would push me into another tax bracket. Example is that stipid event on the Oprah show where everyone got a new car. That was published all over the place. Then everyone found out that they had to add the RETAIL price to their income taxes. Then naturally insurance, plates, city stickers for some of us, etc. Now if this million is in coins, do I have the choise as to the years, denomiatioins, conditions, slabbed, amount of each? If in cash, if all large bills the government could trace to easily. Should be in 5,10, 20 and 50 bill sizes. Not a fair poll. Need to explain more.
before u do that you have to explain where that million came from. Ii'd run to Argentina., personally. Is my citizenship worth $550-600 K to give away? Dont think so. Brazil is an option too.
We have a lot of thinking people here... where does it come from, small or large bills, before or after taxes... I like it. I was assuming after taxes and above suspicion, you know, like a game show prize except that the taxes are covered. One million free and clear in either case, just to make it equal. Of course, I didn't start the poll...
with $1,000,000 cash you can take your time and decide on teh coins to buy. So, the answer is really yes & no. Take the cash and buy at leisure.
A million dollars in collectable coins - based on Red Book value, really on any published value - give me the cash - I'm assured it is truly worth a million.
thats true but I could resale them and make a million without the prospect of running out of coins to sale for a while:secret:
