Tradedollarnut Posted September 22, 2002 Share Posted September 22, 2002 You just inherited $100,000 and decide to sink it into your Registry type set. Which strategy would you follow? Strategy One: Purchase 50 $2,000 coins. This would net you a set score around 100,000 Strategy Two: Purchase 20 $5,000 coins. This would net you a set score around 70,000 Strategy Three: Purchase 5 $20,000 coins. This would net you a set score around 30,000 Strategy Four: Purchase 2 $50,000 coins. This would net you a set score around 20,000 Strategy Five: Purchase 1 $100,000 coin. This would net you a set score around 12,000 Strategy Six: Purchase this coin . Not allowed in the type set, but very pretty! Link to comment Share on other sites More sharing options...
gmarguli Posted September 23, 2002 Share Posted September 23, 2002 If I decided to put together a registry set then I would go with option #1. After all, winning is everything. However, were I to come to my senses and actually realize that registry sets are nothing more than a game of "whose &@^%#@ is bigger" and I would instead purchase coins that I liked regardless of what it would do for a registry set. Link to comment Share on other sites More sharing options...
IrishMike Posted September 23, 2002 Share Posted September 23, 2002 Here would be my thought, I would purchase the coins all in the same grade, you would of course have some tricky math to do to calculate what grade that would be. This way you could compare the different coins on how they are graded. This would be the most interesting for me. Link to comment Share on other sites More sharing options...
Administrator Architecht Posted September 23, 2002 Administrator Share Posted September 23, 2002 Well, I know the answer is, "buy what you like" and that "what you like" is a personal thing. However, I'm curious on a person-by-person basis - putting registry points aside, if you DID have $100k, what WOULD you pursue? A few super-expensive coins, or many less expensive ones? Arch Link to comment Share on other sites More sharing options...
Oldtrader3 Posted September 23, 2002 Share Posted September 23, 2002 The Half is soo........ pretty. I would go with Strategy 2, but holdback $25,000 for oportunities that might arise. I would put the $25M into Daily Money Market (through my Broker). Link to comment Share on other sites More sharing options...
CarlWohlforth Posted September 23, 2002 Share Posted September 23, 2002 For me the interest is learning about many different types and enjoying the particular differences between types. As time goes by I find I still love quality. However I no longer need to take that steep step up the price curve past gem quality. I can find lots of types where I can get very attractive gems for $1,000-$2,000. Now that I'm writing this I can't see the original post and can't remember which strategy is which. But I'd choose the one where I can get lots of $2,000 coins. Link to comment Share on other sites More sharing options...
IrishMike Posted September 23, 2002 Share Posted September 23, 2002 I wouldn't sink $100,000 into a coin that 3 people take ten seconds to grade Arch. I bet if they were buying it, they would take longer. Link to comment Share on other sites More sharing options...
Weidel Legacy Collection Posted September 23, 2002 Share Posted September 23, 2002 I couldn't agree more than with what Carl has said. I'll admit that I do like to purchase and own very nice coins - but the single point step that causes a coin to triple or more in price is beyond my ability to discern the difference. So, I'd rather have more very nice coins than a lot less extremely nice ones. Link to comment Share on other sites More sharing options...
keithdagen Posted September 23, 2002 Share Posted September 23, 2002 I think that I would buy 5 of the $20K coins, and focus on those rarities that would be difficult to find any any grade (Chain Cent wtih nice planchet, 1796/97 Half dollar, and the like). Link to comment Share on other sites More sharing options...
Hoot Posted September 23, 2002 Share Posted September 23, 2002 I would want to collect in the series and grade ranges that I'm interested in. The series that I'm serious about have coins tha span the range from way less than 2k to over 20k of examples in the grades I like. So, I would have to mix options 1-3! . I would not generally be satisfied with any wingle option. However, with the coins I already have and 100k in my pocket, I'd take option 3 so that I could pick up some of the difficult buffs in MS65. Hoot p.s. The gun blueing on that 1838 bust half is stunning! ! Link to comment Share on other sites More sharing options...
braddick Posted September 23, 2002 Share Posted September 23, 2002 Strategy, smategy- I'd go with that last coin pictured! But... isn't it in the "wrong" holder?! Link to comment Share on other sites More sharing options...
keithdagen Posted September 23, 2002 Share Posted September 23, 2002 Now if that coin was a Mint State coin, I might agree. Alas, it's a lowly proof. Link to comment Share on other sites More sharing options...
braddick Posted September 23, 2002 Share Posted September 23, 2002 Keith- keep that opinion alive and you're likely to lose ANOTHER Star. Link to comment Share on other sites More sharing options...
lazeroo Posted September 23, 2002 Share Posted September 23, 2002 I'm thinking that I also would go for the full set first and then build it from there. why ? well how about having a full set to learn from . then when you buy more coins you'll know what to buy.and upgrading would be fun and interesting. but if your very educated in the series your going to collect then go for # 2 or 3 and have the big coins already. but then you better have a really good job to finish the set. rob. Link to comment Share on other sites More sharing options...
Tradedollarnut Posted September 23, 2002 Author Share Posted September 23, 2002 Hmmm - I wonder if NGC is inadvertantly costing collectors money. Most dealers that I trust have consistently told me one thing - it costs you money to upgrade. You are better off saving up so that when the ultimate coin is available you can buy it vice buying a 63, then a 64, then a 65 and then a 66. You lose money at every step. By rewarding the acquisition of low value specimens (some have bonus points above market and some are not discounted), is NGC discouraging the very habit that knowledgable dealers encourage? I think I'll start a new thread on this! Link to comment Share on other sites More sharing options...
EVillageProwler Posted September 23, 2002 Share Posted September 23, 2002 TDN, I think this trusted advice from dealers regarding not upgrading is based on the presumption that the collectors don't know how to buy. Perhaps that is true in the majority of cases, but there certainly are plenty of us collectors who do know how to buy right. Knowing how to buy, btw, is the key to being a successful coin dealer. (So I've been told...) EVP Link to comment Share on other sites More sharing options...
