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1st smart investment of 07

Discussion in 'Members' Lounge' started by pissedoffsol, Jan 8, 2007.

  1. pissedoffsol

    pissedoffsol RETIRED

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    you have maybe a day, possibly 2 to get on this.

    I just ordered mine.

    there's a few on ebay right now... these guys are the only people that have them as far as true dealers go...

    total mintage is about 1700 coins, which is RIDICULOUSLY low.



    49 total graded as of this writing

    22 in MS69
    27 in MS70
    MS70 = perfect coin.
    Coins We Grade

    if you have 1500 bucks, buy this right now, and next year, you'll be selling it for probably twice that, maybe even more, especially with platinum on the rise like it is... and the absolute rarity of this item is absurd. The "rarest" coins in the world don't touch this double-digit figures.






    2006W BURNISH DIE $10 PLATINUM EAGLE, NGC CERTIFIED MS70
    Item No:12022721

    https://www.shopathometv.com/catalo...2006w&Nty=1&Ntx=mode+matchallpartial&found=10

    buy it now, they have maybe 5-10 in stock.

    or, try your luck on ebay. i looked, not much better deals and don't want to miss out because of a bidding war for a couple bucks that will SURELY come back to me in the future.

    and like that..... it will be gone.........
     
    Last edited: Jan 8, 2007
  2. pissedoffsol

    pissedoffsol RETIRED

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    no one, huh?

    oh well, i'll be sure to rub this thread in somewhere in early 08...

    :D
     
  3. BigJ

    BigJ I'm just about that action Boss. VIP

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    Light investments are still out of my range. :(.

    I need to get out of college already.
     
  4. pissedoffsol

    pissedoffsol RETIRED

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    it doesn't have to be a light investment.

    With the uber-low mintage of this coin, it is entirely possible to own a monopoly on it.

    if you hoard 10 of these for 15 grand, you own HALF of them in existence in ms70. if you can get the others, you can have a chance at owning them all.

    supply/demand = price skyrockets.

    tack a 0 onto that 15 grand in just a few years.


    I'll tell you what,

    If you cannot sell this coin a year from today for a significant increase over the 1500 bucks, I will buy it from you on Jan 9th, 2008 for $1600.

    you have nothing to lose.
     
  5. micah

    micah Senior Member

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    too bad i dont have 1500 lying around
     
  6. eg6sir

    eg6sir Supa Mod Moderator VIP

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    :werd:
     
  7. totalburnout

    totalburnout Well-Known Member VIP

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    Honestly if I knew more about it, I would buy a couple but I'm not familiar enough with it to risk a couple thousand.
     
  8. pissedoffsol

    pissedoffsol RETIRED

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    you have nothing to lose.

    3 things effect coin pricing:

    cost of metal
    date/mint mark
    condition

    platinum is just out-right rising.
    [​IMG]

    the date/mint mark is the rarest of the set.

    ms70 = perfection. none can nor ever will grade higher.
     
  9. MoSeS

    MoSeS New Member

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    wanna loan me 1500 dollars:D
     
  10. pissedoffsol

    pissedoffsol RETIRED

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    if i had more to loan, i'd buy another coin for myself, not give it to you.
     
  11. hcivic.com

    hcivic.com Senior Member

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    1500 frozen for a year to make 1500 thats not great better rates to be had in the markets and else where
     
  12. pissedoffsol

    pissedoffsol RETIRED

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    show me when i can make 100% on my money in 1 year.

    please, i'm begging.
     
  13. 801CRX

    801CRX Got Rice?

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    :werd:

     
  14. hcivic.com

    hcivic.com Senior Member

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    100% flip a home you drop a total cost of 80 and can pull 100-150 out all said and done
     
  15. BigJ

    BigJ I'm just about that action Boss. VIP

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    umm but you have to do all the "time investment".

    Not anyone can flip a home.

    And ina ctuality, its a buyers market now. Its the build and burst affect. Whatever goes up comes down. And its coming down.

    Macro 207.
     
  16. jeffie7

    jeffie7 Wrong Whole! VIP

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    It's not so easy to flip a home unless all you remember housing market wise is the last 3 years.

    first off you get hit with major tax shit if you don't hold onto a house for longer then 2 years 2nd of all, this market has been pulling back and has a good chance in dropping.
    Most of the houses I've been watching over the last 6 months have lowered in price.

    Buyers markets rule.
     
  17. pissedoffsol

    pissedoffsol RETIRED

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    flipping a house requires work.

    any proft you make off it, is because you broke you ass doing it for a month or two.

    me, i'm going to put this in a box, and sit on my ass and go about my day to day like nothing happened.

    at the end of the day, if the government collapses or it becomes worthless, i can melt this shit and make something out of it.

    can you melt a house when no one buys it?
    while it sits, you have to pay for it.
    while it sits, you pay taxes on it.

    i'll sit on my ass and collect my money. have fun working :)
     
  18. hcivic.com

    hcivic.com Senior Member

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    not true i have 1 house that has sat for 1 year now but its no skin of my ass I rented it out so it still makes money
     
  19. pissedoffsol

    pissedoffsol RETIRED

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    being a landlord requires work.
    paying for a house vs rent income is actually costing you money.
    and property taxes on top of it.
    and then capital gains on it (canada might not have that) if sold in under 2 years.


    coins > housing
    for easy money
     
  20. BigJ

    BigJ I'm just about that action Boss. VIP

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    Still a lot of work. In our line of work, I agree. That is my type of investment, but in actuality, its a buyers market right now. You have to time it just right. I'm looking at buying in the next year or so, but its going to be a bitch to unload the thing, so I'm going to rent it(college community). I'll easily make a good profit just by renting it as the same as you have, but all the time is going to kill for a few months putting in all the roomes, expansions, codes, paperwork, everything after I get off work.
     
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