Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Book Value vs Current Value
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 1813371, member: 112"]Let me ask you, what source specifically are you using to determine what the Book value is, and what source specifically are you using to determine what the real time value is ?</p><p><br /></p><p><br /></p><p><br /></p><p>Sound advice right there. Do you know why ? Let me use a little illustration to show you.</p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/mpeace10graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p><br /></p><p>That is what has happened to the values of Morgan and Peace dollars over the last 10 years. To try and keep up with that on a spreadsheet would require a good deal of bookkeeping and a lot of updating. Now just imagine trying to do that with your entire collection. In other words a whole lot of work and time that is basically wasted. I say wasted because the value changes don't matter. Why ? Because as history shows us they are only going to change again, and usually fairly quickly.</p><p><br /></p><p>When it comes to the value of coins there are only two points in time when the value of that coin matters, when you buy it, and when you sell it. Anything and everything else that happened in between those two points in time is completely meaningless. So why bother spending a huge amount of time and work to keep track of it ?</p><p><br /></p><p>Of course if that's what you want to do, you can.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1813371, member: 112"]Let me ask you, what source specifically are you using to determine what the Book value is, and what source specifically are you using to determine what the real time value is ? Sound advice right there. Do you know why ? Let me use a little illustration to show you. [IMG]http://www.pcgs.com/images/graphs/mpeace10graph.gif[/IMG] That is what has happened to the values of Morgan and Peace dollars over the last 10 years. To try and keep up with that on a spreadsheet would require a good deal of bookkeeping and a lot of updating. Now just imagine trying to do that with your entire collection. In other words a whole lot of work and time that is basically wasted. I say wasted because the value changes don't matter. Why ? Because as history shows us they are only going to change again, and usually fairly quickly. When it comes to the value of coins there are only two points in time when the value of that coin matters, when you buy it, and when you sell it. Anything and everything else that happened in between those two points in time is completely meaningless. So why bother spending a huge amount of time and work to keep track of it ? Of course if that's what you want to do, you can.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Book Value vs Current Value
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...