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<p>[QUOTE="Randy Abercrombie, post: 4666901, member: 92655"]A few years back my state added a gasoline tax. The tax also came with the ability for business owners to write this added fuel tax off. I sat with my CPA and he took me through to volume of paperwork that I would have to subject myself to for what amounted to a $100.00 or so write off. It made no sense for me to do it....... I have never put an inventory together on my coins. After fifty years of accumulating, it would be a monumental task. Oh I started once and promptly gave up. I have only kept purchase records on silver & gold. Most of my coins I couldn’t begin to guess how much I paid. But then I am sure I hold several thousand twenty dollar or less coins. Maybe 75 with any real intrinsic value...... Perhaps one day I will get to retire and maybe resume an inventory once I have the luxury of spare time. Until then, I’ll just accept that any loss attributable to inflation is better a mystery for me![/QUOTE]</p><p><br /></p>
[QUOTE="Randy Abercrombie, post: 4666901, member: 92655"]A few years back my state added a gasoline tax. The tax also came with the ability for business owners to write this added fuel tax off. I sat with my CPA and he took me through to volume of paperwork that I would have to subject myself to for what amounted to a $100.00 or so write off. It made no sense for me to do it....... I have never put an inventory together on my coins. After fifty years of accumulating, it would be a monumental task. Oh I started once and promptly gave up. I have only kept purchase records on silver & gold. Most of my coins I couldn’t begin to guess how much I paid. But then I am sure I hold several thousand twenty dollar or less coins. Maybe 75 with any real intrinsic value...... Perhaps one day I will get to retire and maybe resume an inventory once I have the luxury of spare time. Until then, I’ll just accept that any loss attributable to inflation is better a mystery for me![/QUOTE]
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