The rich who own coins.

Let's face it, not everyone has $100,000 to blow on a single coin.

There are over 40 coins that have realized over 1 million dollars at auction,

Again, many could not afford this. People who have 2 million to their name probably would not blow half their savings on a coin, at least I would not.

So, I wonder if any "big names" own a rare coin, or have a coin collection. Bill Gates, Oprah, etc.

So my question is...are their any famous people who own rare coins, or better yet, famous people who have coin collections?

 

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Many of those coins that bring big $$ sell to investors and dealers.

 

King Farouk of Egypt had probably the most impressive collection in the world at one time.

 

Also, coins have their own celebrities... Bowers and a couple other hundred "big names"

 

Peter Weller, who played Robocop, collects ancient coins. He owned the famous “Ides Of March" roman denarius.

 

http://www.usgoldbureau.com/content/famous-coin-collectors-you-might-know

 

I imagine you could find such collectors hanging out in the french riviera or montecarlo.

 

If the rich and famous collect coins, they do a really nice job keeping it a secret. :secret: TC

 

There are a lot of millionaires in this world. Some have a hand in what they invest in, and most of the time those are people you don't know (not famous). I would think the ones with multiple millions and even billions have investors that may dabble in this corner of the earth, but may be unaware how their money is working for them. Just my thoughts.

 

There are many famous people in the hobby but they do not wish for others to know that.
There are many rich people that don't wish others to know they collect.
Many of these folks use a third party to buy and sell.

 

Lot's o' rich folks buy works of art to invest in/enjoy. I suppose 'coins' could fall into that category too.

 

Maybe I'm alone in this, but to me someone who has the means to buy a million dollar coin isn't necesarily rich. Where I live the average cost for a home is more than a quarter million dollars, and I don't consider the people who buy them rich by any standard. Probably the majority of those who buy high dollar coins are no more rich and famous than the average collector. They buy a coin the same way anyone buys a home or a car.
Guy

 

As stated before, these million dollar coins are mainly owned by investors. The real shame to me is that many of them don't even see their coins, the coins stay in a secured vault usually with the firm that sold them the coin to begin with. And they pay the firm to secure the coin in their vaults.

I can't imagine that there are too many true coin enthusiasts with complete sets of Stellas, but I know of an investor that does. That really chaps my coin lovin'....

 

You mean with a loan/mortgage? That's scary. Ya need the big Monongahela's to do it that way. Just a humble opinion....

 

I agree. I doubt folks are buying 5, 6 figure coins with a loan. If for no other reason, these coins are usually auctioned. Getting pre-approved for a million dollar loan for a coin? Not sure if the loan agent would like that. Unless you can already pay for it, and then you wouldn't need a loan.

"What's that $2k/month bill for?"
"Oh, I bought a 1913 V nickel 10 years ago. Just paying off the loan on it..."

 

Buddy Epson owned trophy coins. Edwin
P. Newman owned all five 1913 Liberty
head nickels. Although I think he had a
partner with that. John J. Ford was
known to have a few trinkets. There were
a few trinkets in Garrett collection too.
Coins aren't cool enough for rich folk.
They go for the really cool stuff like
Warhol's kindergarten paste boards.

 

You might be surprised. I know a certain professional sports team owner that has quite an extensive collection.

 

Maybe the rich are hoarding these million-dollar coins.

http://www.cointalk.com/t197848/

 

You might have to google him (if you weren't around in the 80s) but Andre Dawson has a nice collection. I was shocked. Read an article about it. He goes into shops and buys them himself.

 

I was looking at these coins under CNBC's alternative investing website: http://www.cnbc.com/id/39639945/Most_Expensive_Rare_U_S_Coins" http://www.cnbc.com/id/39639945/Most_Expensive_Rare_U_S_Coins
I got some kind of silver commemorative round based on Barber's 1906 new
design for the double eagle that he created to compete against St.
Gaudens.