Message:

<p>[QUOTE=&quot;kaparthy, post: 68186, member: 57463&quot;]<b>Someone else&#039;s idea ...</b></p><p><br /></p><p>What do you mean by &quot;set&quot;?&nbsp; We easily fall into the ideas handed to us by the numismatic press.&nbsp; </p><p><br /></p><p>If I won the lotto and put nominally unlimited money into &quot;coins&quot; then I would want U.S. Type keys: the 1909-S VDB and 1877 cents, 1917-D Mercury Dime, and so on.&nbsp; Also, certain other numismatic items are also compelling, such as colonial U.S. Paper, and, of course, those German City View Thalers.&nbsp; Checks and drafts would be interesting. In the MichMatist, I just published an article from Tom Fort about a draft signed by Edward Gibbon.&nbsp; Stock certificates from famous corporations would also be a must.&nbsp; All in all, I would not put more than $1 million into these sorts of things -- and then only to balance equal and opposite investments in gold and silver.&nbsp; Those two broad areas -- numismatics and bullion -- would balance equal and opposite holdings in fiduciaries and equities (stocks). </p><p><br /></p><p>Also, you have to realize that wealth of that magnitude will change your life.&nbsp; Most people are crushed by it.&nbsp; They &quot;dream&quot; of being instantly and hugely rich, but they do not <u>think</u> about it.&nbsp; I do.</p><p><br /></p><p>I would consider only a fraction -- say $3 million -- to be &quot;mine&quot; in that sense.&nbsp; The other $10 million brings with it a burden of responsibility.&nbsp; (40/3 = 13.9; if you take the payout and pay your taxes up front, you get about 1/3 of the gross.)&nbsp; Even if you think you would &quot;spend it all on yourself&quot; you still need to do that in some way that does not destroy you.&nbsp; Best, of course, is to view that $10 million as your opportunity to make the world at least a little better.</p><p><br /></p><p>Buying certain numismatic rarities fits into that for me.&nbsp; While I would buy &quot;Key Coins&quot; they would only be a fraction and would be a fallback position akin to <u>savings</u>.&nbsp; In order to help make the world a better place, I would make other numismatic investments, for instance, by creating an endowment for the American Numismatic Society.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in