Reply to Thread

Message:: [QUOTE="GDJMSP, post: 1764466, member: 112"]No it's not from a philosophical standpoint, it's from a practical standpoint - it's reality. If you buy a coin lot for $100, and let's say there are 10 coins in the lot, then the actual cost for each 1 of those coins is some portion of that $100. For the sake of argument lets say coin #3 is the one you say is worth $50. That means the other 9 coins cost $50 combined, and for the sake of argument let's say they are all equal. So each of the 9 cost you $5.55 each. So now you sell those 9 coins, you get $100 for them. That means you made $50.05 profit on those 9 coins. You now owe taxes at the rate of 28% on that $50.05. But coin #3, you kept, you didn't sell it. Your cost was $50, you haven't made, or lost, 1 cent on that coin until you sell it. And if it's 1 year or 20 years from now that you decide that coin, your cost is still going to be $50. And any profit or loss can only be accounted for then. That is the reality of the situation. Nothing philosophical about it.[/QUOTE]