Tracking Challenge

Dealers need not participate. You'd already win this one...

Okay guys, many of you may have not seen it, but a while back Doug said something that really struck me like a baseball bat to the nose. He challenged some of us to keep track of our purchases and compare it to "Book" Value. So let's all do our purchasing and keep track on a piece of paper divided into four sections.
1. Coin date and mintmark
2. price paid
3. Book value
4. Amount over/under spent.

So say you buy a 1915 Barber half dollar:

Lets say I paid $80 in VG condition.
2012 Redbook places it at $170 in VG
I am up $90 dollars.

Now lets say I bought this 1864 2 Cent piece:

Lets say I paid $30 for it.
Book value says it is $19
I am down $11 on this one.

So right now I am up $79 right now. Get it?

So my (previously Doug's) Challenge to you is to keep track of your purchases and If you end up with more value than you paid, you have bragging rights. I don't know if there is a prize for this, but we shall see when the end of the year comes. Do not cheat, you are only cheating yourself. Hope you have fun on this one,

If possible, update where you are each month. I would like to see how this goes.
Post at the end of each month how many purchases you made (multiple purchases from one seller in one day counts as one) and how much you are up/down that month. Keep tally and we will do a final tally at the end of the year.

~Cannyn

 

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i just started keeping track this year lol i didnt write down what the coins are worth just what i paid but that will be an easy fix this sounds fun!

 

1. Coin date and mintmark -1864 s Seated Liberty Quarter
2. price paid - $0
3. Book value Got it appraised, $700-1000
4. Amount over/under spent.- +$700-1000

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I do practically the same thing with my coin club purchases and sales and often find it disappointing.

 

I have sorta a ledger book where I write down the coin, grade,paid,when...etc.

 

Triple Post!

 

so do you want us to post every purchase and how much were up? or do you want us to wait and tally up at the end?

 

No. Just keep track and update every month. I edited it in green. Just say how much you are up or down and how many purchases.

 

okk i can do that

 

So I am going to say right now, I am up quite a bit so I can have a bit of room for failure.
To begin with, I am up $452 from January 1, 2012

 

so far ive spent 60.41 and the value of the coins is 122.00 making me 61.59 in profit.

 

It would be better to use greysheet value or even a coinworld magazine

 

how about we use bluebook value? or as tacobell dog said a coin magazine? if we use blue book it will be harder for us to be in the positive

 

Same here! It's titled Yearly Coin Transactions.

 

I would sooooooo win this contest!!! I'm going to pass and let the others play.

 

1956 wheat pennie paid $.5 worth .03 profite -..47

 

ive spent 125.66 value based on coin magazine 198.30 so i am up 72.64

 

Just got back into collecting but with my single purchase thus far I'm at

1884 CC Morgan PCGS MS64
PCGS has it valued at 270
I payed 240
Positive value of $30

 

Spent: $125
Value: $423
Up $297
% possible profit: 338.4%