I have $50,000 to invest. What can I do, other than buy property or stocks?

$50,000 may not buy you a money-making property without a substantial mortgage, which limits your profits and increases your risk if the market drops.  Stocks also carry a lot of volatility, which could make you nervous.

If you don’t need the money right away, consider investing in coins, which have collectible value and smelt value based on the coins composition.  They will never be worth less than the value of the base metal.  For silver coins: U.S. Silver Coin Melt Value Calculator.

American Silver Eagle coin, available on Amazon and Ebay, or your local coin dealer.

Coins can also be a great hobby, and you can give them as gifts and pre-inheritance to your heirs.  You can also tell people that you are training to be a numismatist (coin collector).  Many people carry a “lucky” coin with them, as a talisman of good fortune.

The Morgan silver Dollar, the most collected US Coin. Available on Amazon,

Or on Ebay.

I used silver coins here as an example.  You can get gold coins as well.  with $50k you can get approx. 2000 1 ounce silver coins, or about 40 one ounce gold coins.  If you keep them at home, 2000 coins weigh a lot (approx 125 lbs) and are harder to steal (try running with a pillowcase filled with over a hundred pounds of coins);  you can also diversify more with 2000 coins vs. 40 coins.  4 pounds of gold coins are easier to manage than 2000 silver Eagles. In either case you may need a safe – I got mine on Amazon.

You can also display your coins, and take some pleasure in their acquisition.
A type of coin I enjoy collecting is the Silver Strike, a Casino $10 token that is highly collectible – and most casinos no longer distribute them.  I get them from casino’s I have visited in Las Vegas,  or on EBay.  Newer ones ar clad in silver; older ones have a silver center that is .999 silver, weighing approx. .6 troy ounces.  There are many available from casinos that have been demolished or bought out, making them even more valuable.  Here is the web site of the Silver Strikers Club – Home Page.

Sam’s Town .999 Silver Strike, Many collectors trade them on Ebay.

Aladdin Casino Silver Strike.  The Aladdin has closed, making this a nice piece  of “old” Vegas to have in your collection! (The Aladdin is now Planet Hollywood).  Aladdin Strikes on Ebay.

Coin Collecting supplies and Books on Amazon

Black Silver Strike Display Insert for 12 Silver Strikes Casino Coins (Not Included)

silver strike casino coins and display cases

(they tend to be heavy, so be careful when hanging them on the wall)

Best of Luck – These are just a few options for you – find coins you enjoy and have fun with it!  You can even get coins with Koalas and Elvis! (Links to eBay) Also post a comment letting us know what you did, and how it is working out for you! Repost and share with your investing friends! – Alan

The Last Word:

What is the value of a 1974 US Eisenhower dollar?

Alan Chenkin, Novice coin collector and hobbyist
 
1974 Eisenhower Dollars
Clad Composition
Mintage: 27,366,000
Minted at: Philadelphia
Designer – Engraver: Frank Gasparro
Metal Composition: 91.67% Copper – 8.33% Nickel
Diameter: 38.1 mm
Mass / Weight: 22.68 grams
The 1974 Eisenhower Dollar is worth $5.96 or more in uncirculated mint condition. Click here to learn how to use coin price charts. Also, click here to learn about grading coins. The Melt Value shown below is how valuable the coin’s metal is worth (bare minimum value of coin). Click here to see the Melt Value of every US coin.[1]
NOTE: Coin Values as of June 2017.
On a personal note, I like the Eisenhower dollars, and have a few in my collection.  they have a solid feel, and are fun to collect.
Thanks for reading my blog! – Feel free to share!
Footnotes
Edited from my Quora answer, June 17, 2017
The Last Word:
republicans. They made them different back then.

 

Where are some places to buy coins for collecting?

by Alan Chenkin, Novice coin collector and hobbyist
Coin dealers, EBay, Craigslist, and from friends and acquaintances are great sources. Let people know you are looking for coins, and you may be surprised.
If it sounds to good to be true, it usually is. consider buying a test kit if you are buying gold and silver; GOLD TEST KIT
When you acquire and store collectible coins, just wipe any dirt off them with  special coin cleaning cloth (an old sock), and put them in a “flip”, coin book or folder.  If you want to get a child or teenager into collecting, you can get them a whole kit from Amazon or eBay.
Coin collections start to grow quickly, so you need to keep them in an orderly fashion.
Best of luck!
Oh, and you might need one of these:
Keep in mind that coins can get heavy, make sure the safe is on a floor that can support the weight !
Thanks for reading my blog, and feel free to share!

Edited from my Quora answer, June 28, 2017

The Last Word: