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<p>[QUOTE="dctjr80, post: 1282746, member: 15915"]I took on Doug's theory last year and beat it, I tracked every coin purchase, plus the cost of transportation, and even the cost of anything coin related such as even staples, flips and printer ink for printing shipping labels for sales. For the entire year of 2010 I ended about +$5.00 in the profit, but mind you I had added several hundred coins to my collection, and used a lot of profits at the times that there were towards non hobby pursuits. When I purchase coins, I sell enough of what I purchase to cover the coins I keep and than some, with out fail, every time. So being as my collection comes to me at no cost, what ever it is worth in the future is an investment that paid off huge... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p>The only factor I didn't add into the equation last year was "Time", some argue that your time spent should me calculated as wages to get a real basis towards "Investment Value", I disagree, being that I enjoy collecting and selling coins so my time spent is for Hobby/Entertainment and that the fact that it doesn't end up costing me anything out of pocket is priceless, since most hobbies cost much.</p><p>I still have found no way to get rich on coins, nor quit my day job... LOL[/QUOTE]</p><p><br /></p>
[QUOTE="dctjr80, post: 1282746, member: 15915"]I took on Doug's theory last year and beat it, I tracked every coin purchase, plus the cost of transportation, and even the cost of anything coin related such as even staples, flips and printer ink for printing shipping labels for sales. For the entire year of 2010 I ended about +$5.00 in the profit, but mind you I had added several hundred coins to my collection, and used a lot of profits at the times that there were towards non hobby pursuits. When I purchase coins, I sell enough of what I purchase to cover the coins I keep and than some, with out fail, every time. So being as my collection comes to me at no cost, what ever it is worth in the future is an investment that paid off huge... ;) The only factor I didn't add into the equation last year was "Time", some argue that your time spent should me calculated as wages to get a real basis towards "Investment Value", I disagree, being that I enjoy collecting and selling coins so my time spent is for Hobby/Entertainment and that the fact that it doesn't end up costing me anything out of pocket is priceless, since most hobbies cost much. I still have found no way to get rich on coins, nor quit my day job... LOL[/QUOTE]
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$200 for dirty, old coin or shiny new coin
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