Think of it this way - there's a whole lot of folks that will never have the chance to buy a $2000 coin because they simply can't afford it. So if you had that one chance, then go for it. It would make that special coin even that much more memorable since it came as result of a gift from a family member.
I never spend even close to $2000 for any single coins, so I would splurge and drop it all on one coin (likely a key date). TC
100 $20 coins or better yet, 400 $5 coins. Better diversified portfolio and easier for a $5 coin to double in value than a $2,000 coin.
10 coins at $200 a piece would suit me just fine. Actually I'd rather have 20 at $100 a piece. Coin prices are getting ridiculous and I prefer to stay just an average Joe...
I will go with the one $2000 coin! But i guess it depends on if you plan on using it for investment purposes?
I'd be dropping it all on ASE's if given the option. Though the premium tends to push the actual price around $22 usd I'd still be happy with getting as many as I could with $2K.
I would get 1 S VDB or 14-D and be 50% closer to my set. OK, if you are talking certified, 25% closer.
Man, that's a tough question! I'd love to own one coin valued at $2,000 but then I'd probably go for 10 $200 coins just to have the variety. It's too hard to decide. So I'm going to be wishy-washy and not give a definite answer.
Agreed. There are folks who may even have the money but just don't have the nerve to plunk down 2 grand on one coin. Others may have the money too but the wife would frown on such a purchase.
lol....frown from the wife may be an understatement. She may very well grab a pen and some papers for the husband to sign.
You still wouldn't have enough money to buy one of those graded MS-70 state quarters that we talked about on another thread here.
None of the above! I can get 25 pounds of world coins for $189. For that much money, I could get 10 of those 25 pound batches (with some left over) 250 pounds of world coins, would give me at least 22,500 coins. Sorting them all, cataloging them all, scanning them all (I scan my entire collection!) would probably take me a decade or more, of solid work. And I would love every minute of it! By the way, I am one of those people who would never be able to afford to spend $2000 on a coin. The most I've ever spent on one single coin was $50 and at that I felt guilty spending that much on one coin when it could/perhaps should have gone to something more important like bills or grocerys.
seeing how 200 doesnt get you much except low grade classic head, draped bust and liberty cap cents id probably spend it all on one premium large cent.
I'm kind of surprised that more people wouldn't try to turn a $2K "gift horse" into a full team of Budweiser Clydesdales. Chris
That depends on your interest area. $2,000 will buy most people a circulated set of all the Lincoln cents from 1909 through 2010. I would probably build a nice set of circulated coins representing 19th century designs, which would include all the major non-gold types (but you couldn't buy a the Bust dollar).
No problem with the wife. She knows that the collection has good value and it will be all hers when I kick off. Considering the way I treated myself in the past she'll have plenty of time to enjoy it. Plus I let her know when I'm going to spend more than normal for a coin. Courtesy thing. Gives her a chance to to render an opinion. She's never said 'no' but I'd have to reconsider the purchase if she did. As for coins I paid $2000+ for, I have some.
I answered one coin, but that is not exactly right, I would put it into the savings to get the coin I REALLY want. I would only be about 7grand away.