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<p>[QUOTE="Numismat, post: 1764580, member: 15019"]Sorry Doug, but when you speak of the possibility of what may happen when you sell the coin rather than what the coin will sell for at any given time, that is the intellectual/philosophical stance. The practical side is the $ amount that the coin represents.</p><p>If you keep the coin, you know you have the amount the coin is worth on the market, whether you choose to cash it in now or later is irrelevant as long as the price is there.</p><p>We have obviously had very different experiences in our numismatic lives, but a collection worth a quarter million dollars that cost you nothing due to selling off other coins you did not choose to collect cannot be considered anything other than profit, especially when you have already made a profit on those other coins.</p><p>Maybe collecting by buying coins at dealer prices does not make one money, but collecting in others ways sure can. It's not accurate to generalize all types of collectors as doing so by the same methodology.</p><p> </p><p>PS: when talking about eBay sales, taxes are only mandatory when you do over $20k and 200 unique transactions per year on the same Paypal account.[/QUOTE]</p><p><br /></p>
[QUOTE="Numismat, post: 1764580, member: 15019"]Sorry Doug, but when you speak of the possibility of what may happen when you sell the coin rather than what the coin will sell for at any given time, that is the intellectual/philosophical stance. The practical side is the $ amount that the coin represents. If you keep the coin, you know you have the amount the coin is worth on the market, whether you choose to cash it in now or later is irrelevant as long as the price is there. We have obviously had very different experiences in our numismatic lives, but a collection worth a quarter million dollars that cost you nothing due to selling off other coins you did not choose to collect cannot be considered anything other than profit, especially when you have already made a profit on those other coins. Maybe collecting by buying coins at dealer prices does not make one money, but collecting in others ways sure can. It's not accurate to generalize all types of collectors as doing so by the same methodology. PS: when talking about eBay sales, taxes are only mandatory when you do over $20k and 200 unique transactions per year on the same Paypal account.[/QUOTE]
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