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<p>[QUOTE=&quot;GDJMSP, post: 1764708, member: 112&quot;]There is no profit or loss on any asset, I don&#039;t care what it is, until that asset is actually sold.</p><p>&nbsp;</p><p>And no, you don&#039;t just get to pick and choose what a given coin cost you when you buy a coin lot. The lot as a whole cost the amount you paid. But every individual coin within that lot has a basis price that is a portion of that whole. That basis price is determined by what it would cost to buy each of those individual coins on the open market at the time that you bought the lot. </p><p>&nbsp;</p><p>Now if you got a discount for buying the lot, and most of the time you do (which is why you buy lots to begin with) then the individual cost of each coin is reduced by the proportional discount.</p><p>&nbsp;</p><p>That&#039;s the way the law says it has to be, that&#039; the way accounting principles work.</p><p>&nbsp;</p><p>Now you can believe that or not, up to you. But what I am saying is the truth.[/QUOTE]</p><p><br /></p>

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