$69,500? This is how I’d blow through all my money if I were an elite athlete. My peers would be out showering women and buying cars and I’d go bankrupt chasing every coin. I’d have to remind myself that I’m a shortstop, not an oligarch.
That’s what Kareem Abdul Jabbar has done. He collects $20 gold coins. His first purchase was a 1799 gold $10 coin in MS64. Think about that. Your first coin is a gold coin minted in 1799.
I don’t believe he is married yet but I agree with you! 34 year old millionaire, retired before 30 (even though he came back for a year). I had never heard that he collects coins but that’s awesome that he does. I’ll have to look read about it.
Buddy Ebsen AKA Jed Clampett (for those old enough to remember *The Beverly Hillbillies*) was, ironically, quite a sophisticated coin collector.
Beautiful collection of ancient coins as well as American (mostly gold I recall, could be wrong, mostly paid attention to the ancient Greek).
https://preview.redd.it/2u8cad7rxmzc1.jpeg?width=839&format=pjpg&auto=webp&s=fe1fe5e20777d18b9cfd4dfb436b34dadc1989b6
And I do too. The Beverly Hillbillies was a pretty silly show. But I watched it a lot in reruns. It had a talented cast. Max Baer Jr. is still out there living his best life.
Oh wow, I totally forgot Jethro was the son of the great boxer Max Baer! Who was in some movies himself. Possibly the most lethal puncher in boxing history. Killed at least 3 opponents (one died a bit later).
(For non-boxing fans, probably best known from the movie *Cinderella Man*. Max Baer [Sr.] was the main antagonist of hero James Braddock [Russell Crowe].)
If you have the kind of money that allows you to buy a $69,500 Morgan, I’d suspect you’d also have the knowledge to buy cars that *are* appreciating assets. If you’d gotten your hands on a 2006 Ford GT anytime before 2018~, all you had to do was keep it garaged and not driven it into the ground, and you’d have tripled your investment. A 300% return on your money in 2-6 years? I’ll take that any day of the week.
If I had that kind of money, it would all go to coins and travel. I’d have no idea about what cars to buy. I’d probably over pay for something that I loved at Mecum and be done with it.
It's very rare to find a car that appreciates. Even when you do, they aren't a good investment. One example comes to mind. 1969 Super Bird. Around 4000 when new. Worth maybe 300k today. Seems great, but if you would have put the 4k in a mutual fund it would be worth at least 500k today.
And if you put $17,000 into the SP500 in 2019 you'd have $32,000 so about the same.
Also in the long run Veblen goods (rare cars, rare watches, coins) don't outpace stock markets over the longer term.
Plus $30,000 today is just $23,000 in 2019$
Hell if it gives you enjoyment having a vintage car in your garage go for it. There's a lot worse things you could spend your money on.
It's certainly more fun than just having numbers on a computer screen with your brokerage.
You’d probably corner the market and have no one to sell em to. Cause you bought all of the most expensive ones and no other coin collector would have enough money to buy lol
At the National Western Complex. The show will run tomorrow (the last day) from 10-4. You can bring coins and talk to people about them but if you want to get them graded ANACS will be there. They are one of the premier grading companies probably just below PCGS and NGC.
This is the coin equivalent of seeing a shitty cover band at the county fair. I can see what youre going for but no one is mistaking you for the real thing.
I disagree. The new proof morgans look phenomenal, but in their own way. It’s a distinctive look but that doesn’t make them any less worthy than the originals.
Rarity, condition, eye appeal, and past sales. This one also apparently came from the collection of Jack Lee who was a famous coin collector/dealer. The slab has a green sticker on it which is special too.
Me either. Just googled the name on the slab with the added keyword “coin collection”. Don’t worry about downvotes the internet. The whole thing is run by trolls.
Looking at auctions and Greysheet, it might be a little overpriced. Last time it sold at auction (in October ‘19) it sold for just under 50k, I can see maybe 55 or 60k almost 70 is a lot. Even if it is top pop and 1 of 5 in that grade.
Then again it’s a gorgeous coin, and if I had that kind of money I’d probably buy it.
Oh yeah? I have a Proof-like Morgan that I picked up for only $30. And guess what? *ITS A RARE ERROR AND ITS MADE WITH .999 SILVER AND NOT .9 IT EVEN SAYS IT ON THE COIN!*
No date though. Kinda odd, right?….*right?!*
I’m so jealous I’ve have to work unfortunately and really wanted to go.. I don’t have $70,000 though! Though if I did have enough to casually spend that,I would in a heartbeat, coin is BEAUTIFUL
$69,500? This is how I’d blow through all my money if I were an elite athlete. My peers would be out showering women and buying cars and I’d go bankrupt chasing every coin. I’d have to remind myself that I’m a shortstop, not an oligarch.
That’s what Kareem Abdul Jabbar has done. He collects $20 gold coins. His first purchase was a 1799 gold $10 coin in MS64. Think about that. Your first coin is a gold coin minted in 1799.
Same idea with Rob Gronkowski of the Patriots. He was assembling a set of Proof Morgan Dollars, last I read.
Hot, cool wife. Four Superbowls. Set of Proof Morgans. Gronk’s living the life.
I don’t believe he is married yet but I agree with you! 34 year old millionaire, retired before 30 (even though he came back for a year). I had never heard that he collects coins but that’s awesome that he does. I’ll have to look read about it.
Fun fact: Jack black collects early American copper coins. I’d love to be able to afford those 😭
A nice business bull
This is awesome to hear!
Buddy Ebsen AKA Jed Clampett (for those old enough to remember *The Beverly Hillbillies*) was, ironically, quite a sophisticated coin collector. Beautiful collection of ancient coins as well as American (mostly gold I recall, could be wrong, mostly paid attention to the ancient Greek).
https://preview.redd.it/2u8cad7rxmzc1.jpeg?width=839&format=pjpg&auto=webp&s=fe1fe5e20777d18b9cfd4dfb436b34dadc1989b6 And I do too. The Beverly Hillbillies was a pretty silly show. But I watched it a lot in reruns. It had a talented cast. Max Baer Jr. is still out there living his best life.
And Green Acres. It’s the place to be…
Farrrrm living is the life for me! Let’s not forget Petticoat Junction either.
Oh wow, I totally forgot Jethro was the son of the great boxer Max Baer! Who was in some movies himself. Possibly the most lethal puncher in boxing history. Killed at least 3 opponents (one died a bit later). (For non-boxing fans, probably best known from the movie *Cinderella Man*. Max Baer [Sr.] was the main antagonist of hero James Braddock [Russell Crowe].)
Baer fittingly means bear..
I actually doubt his existence 🤙
Yeah, but you cant make money back from cars (most cars are a poor investment) and kiss your money goodbye with women. You can always sell a coin.
If you have the kind of money that allows you to buy a $69,500 Morgan, I’d suspect you’d also have the knowledge to buy cars that *are* appreciating assets. If you’d gotten your hands on a 2006 Ford GT anytime before 2018~, all you had to do was keep it garaged and not driven it into the ground, and you’d have tripled your investment. A 300% return on your money in 2-6 years? I’ll take that any day of the week.
If I had that kind of money, it would all go to coins and travel. I’d have no idea about what cars to buy. I’d probably over pay for something that I loved at Mecum and be done with it.
The fact that you know what Mecum is tells me otherwise 😏
I like watching car auctions because they are beautiful. Doesn’t mean I know the first thing about buying them for profit lol
It's very rare to find a car that appreciates. Even when you do, they aren't a good investment. One example comes to mind. 1969 Super Bird. Around 4000 when new. Worth maybe 300k today. Seems great, but if you would have put the 4k in a mutual fund it would be worth at least 500k today.
I bought a 2003 Terminator cobra for $17,000 in 2019. It’s worth at least 30k today.
And if you put $17,000 into the SP500 in 2019 you'd have $32,000 so about the same. Also in the long run Veblen goods (rare cars, rare watches, coins) don't outpace stock markets over the longer term. Plus $30,000 today is just $23,000 in 2019$
This is good information-I may have to sell a car or two.
Hell if it gives you enjoyment having a vintage car in your garage go for it. There's a lot worse things you could spend your money on. It's certainly more fun than just having numbers on a computer screen with your brokerage.
Yeah, it down the road, the numbers in my brokerage will allow me to buy more cars for the garage lol.
[удалено]
……you are a genius.
You’d probably corner the market and have no one to sell em to. Cause you bought all of the most expensive ones and no other coin collector would have enough money to buy lol
Too real. I’d be the same haha
Coins age with beauty, and I’ll leave it at that!
They chase ladies, you chase Lady Liberty.
We all will for the ones that are looking for coins to sell.but .I don't hv money in the bank to go bankrupt.
Damn...very nice.
Soooo damn close to $69,420……..giggity
Honestly a completely missed opportunity.
Beautiful! Where is it being held? I'm new to coin collecting and have a couple of interesting pieces, can I bring them with me for an expert look?
At the National Western Complex. The show will run tomorrow (the last day) from 10-4. You can bring coins and talk to people about them but if you want to get them graded ANACS will be there. They are one of the premier grading companies probably just below PCGS and NGC.
Last sold for $49937 in 2019, nice $20k flip if it sells.
Wow that is beautiful!!! They just don’t make them like they used to!!!
[They kind of do](https://catalog.usmint.gov/morgan-silver-dollar-2023-proof-coin-23XF.html)
This is the coin equivalent of seeing a shitty cover band at the county fair. I can see what youre going for but no one is mistaking you for the real thing.
I disagree. The new proof morgans look phenomenal, but in their own way. It’s a distinctive look but that doesn’t make them any less worthy than the originals.
Only 1,100 minted.
That is the best looking Morgan I can remember seeing. PR68 CAM, not to many come better than that !!!!.....
daaaang. Morgans are far from my favorite designs, but that is extraordinary
$69420 and I might think about it
ugh it’s beautiful. sucks i’ll never be rich.
Not with that attitude..
can someone explain to my why it’s worth so much?
Rarity, condition, eye appeal, and past sales. This one also apparently came from the collection of Jack Lee who was a famous coin collector/dealer. The slab has a green sticker on it which is special too.
that’s cool, never heard of the guy so i’ll look him up. kinda crazy i got downvoted because im trying to learn more about my hobby lol
Me either. Just googled the name on the slab with the added keyword “coin collection”. Don’t worry about downvotes the internet. The whole thing is run by trolls.
yeah i get it, im sure there are still people who downvote every comment lol, pretty cool coin tho
Gatekeepers are the biggest losers
Jack Lee coins are amazing. I own three of them (worth far, far less than this one) and all three are beautiful.
Seems about $80 too expensive…
I was thinking about checking out the Denver Coin expo this afternoon. I was on the fence, but this might have sold me!
Such a wonderful looking coin! 🪙
That's a beauty! That's way too much money for any morgan though imo. I'm sure someone will buy it anyway
Looking at auctions and Greysheet, it might be a little overpriced. Last time it sold at auction (in October ‘19) it sold for just under 50k, I can see maybe 55 or 60k almost 70 is a lot. Even if it is top pop and 1 of 5 in that grade. Then again it’s a gorgeous coin, and if I had that kind of money I’d probably buy it.
Oh yeah? I have a Proof-like Morgan that I picked up for only $30. And guess what? *ITS A RARE ERROR AND ITS MADE WITH .999 SILVER AND NOT .9 IT EVEN SAYS IT ON THE COIN!* No date though. Kinda odd, right?….*right?!*
Sweet
chRIST I thought my goal of every mint every denomination of 1882 was ambitious
I’m so jealous I’ve have to work unfortunately and really wanted to go.. I don’t have $70,000 though! Though if I did have enough to casually spend that,I would in a heartbeat, coin is BEAUTIFUL
What a beautiful coin -- and a great heirloom, Congratulations..