Less or More coins?

[WinstonWare]

I have a question and I'll pose it in the form of a poll:

 

Imagine, if you will, that you have $1,000 to spend at a coin show. This isn't just any coin show, this is the Valhalla of coin shows. All existing coins are available at this coin show - toned, white, slabbed, raw, bullion, whatever. If it exists today, it's at this show. All of your financial obligations are taken care of and you must spend all of the money at this show.

[TomB]

Buy the piece or pieces that exist at the nexus of the highest value for the dollar, that would be the most difficult to replace or find again and that bring to you the most satisfaction in owning. Figure this out and you have made your decision.

[James_OldeTowne]

I chose 6 - 10, since I am a set collector.

 

James

[troy-migration]

I like to buy in volume. The more semi key or common date morgans in MS64 or better is the way to go for me.

[TJ'S Coins]

To affirm what James and Troy are saying in a slightly different manner, "Coins are like Lays Potato Chips. It is hard to purchase just one ." I'd like to have a variety of nice coins rather than just one or two exceptional ones. That's purely my personal preference.

[WinstonWare]

I chose 1 because I don't frequently get a chance to buy a high end coin (I guess high end for me coin). I can generally pull off a $200 coin every month, but not so often the $1,000. I had in mind a nice Gettysburg or Antietam.

[cpm9ball]

I'll buy as many as I can get. If I see a coin that I really want, I can usually get the price down by buying others at the same time. If the dealer won't budge, I'll just walk away and come back when he's preparing to pack it in.

 

Chris

[MunkyMan95]

I said 3-5. I would purchase first a large hunk of gold, then spend the other $300-$350 on holes in my type set.

[Brotherman]

I guess I’m strange.

 

I would buy only one or two exceptional coins. By doing it that way I figure

over time I would eventually have a whole collection of exceptional coins.

So, put me down for quality over quantity.

Which approach is best? I think it’s up to the individual.

 

Hays

 

I had to edit this because I re-read everyone’s post and realized a couple of

you said the same thing I did.

 

…of course, that doesn’t mean I’m normal - I am STILL strange.

[Regis44]

I thought I went with "quality" over "quantity" also by choosing 6-10 coins. I can get some great coins under $200 each. If I wanted quantity, I would buy a hundred coins averaging $10. I don't think there was one or two coin that I really want for $500 or $1000. If there was such a situation I suppose it would have to be the final 1 or 2 coins to finish a series (e.g. someone selling me an 1856 FE for only $1,000) .

 

Interesting thread.

 

 

Regis

[cpm9ball]

I'll buy as many as I can get. If I see a coin that I really want, I can usually get the price down by buying others at the same time. If the dealer won't budge, I'll just walk away and come back when he's preparing to pack it in.

 

Chris

 

Perhaps I should qualify my original statement. I, too, would be looking for quality, but I'm just going about it in a different way.

 

Chris

[Brotherman]

I guess I didn’t understand everyone’s posts. It looks like we are all in

agreement then.

 

Quality over quantity.

 

There are quality coins out there for ten bucks and there are some that

$1000 couldn’t touch. I was thinking that I would get a couple of key dates in

the series and grade I collect and that would burn up the better part of that

1000 bucks. The question stated that this show was an ideal situation and

I am assuming that means I could find the right coins, in original condition

with great eye appeal.

I WOULDN’T buy the highest grade coins though, I would buy the best coins

for my collection.

 

Hays

[Bruceswar]

I use the answer of not sure. It all depends on the coin(s). Right now I would be looking for Washington Qtrs, so whatever I could get for that ammount.

[rexcat]

Like a few others said, I would be looking to buy just one coin,

 

My type seems to have only “one grand and larger holes” left to fill any more.

 

But at that level there are still many coins needed for my type set so I’m sure I could find something.

[James_OldeTowne]

I'll phrase my answer a different way - I'd rather have five times $200 quality coins then one time $1000. But I'd also rather have five times $200 quality coins than 100 times $10 quality coins. For most of what I collect, $200 is about the sweet spot.

 

James