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<p>[QUOTE="Prethen, post: 25230, member: 1756"]Actually, I use Quicken. I treat each coin (or, if necessary, set) as it's own "stock" or commodity. In this way, you can track your true costs and unrealized/realized gains. I realize this treats your coin collection as an investment (which you may not wish to do). The name of the coin entry would be very specific as to note the year, coin denomination and/or type, and grade (with grading service, if applicable). When I calculate costs, I always include any commission or postage costs that are applicable to the purchase.</p><p><br /></p><p>If you're trying to keep up on what the "real value" of any particular coin is from time to time (as a rule of thumb, I conservatively use current wholesale price minus 10%) you can add it to the Quicken Price History for that item. You would have a completely up-to-date "real-world worth" of your collection and the reports that Quicken can generate are invaluable in this regard.</p><p><br /></p><p>Of course, the "real-world worth" is a really up-in-the-air question until you actually try to sell your collection, Quicken can give you a round-about view of where you stand with it. If you don't have access to wholesale prices, then use retail minus 30%-50% (just a wild guess).[/QUOTE]</p><p><br /></p>
[QUOTE="Prethen, post: 25230, member: 1756"]Actually, I use Quicken. I treat each coin (or, if necessary, set) as it's own "stock" or commodity. In this way, you can track your true costs and unrealized/realized gains. I realize this treats your coin collection as an investment (which you may not wish to do). The name of the coin entry would be very specific as to note the year, coin denomination and/or type, and grade (with grading service, if applicable). When I calculate costs, I always include any commission or postage costs that are applicable to the purchase. If you're trying to keep up on what the "real value" of any particular coin is from time to time (as a rule of thumb, I conservatively use current wholesale price minus 10%) you can add it to the Quicken Price History for that item. You would have a completely up-to-date "real-world worth" of your collection and the reports that Quicken can generate are invaluable in this regard. Of course, the "real-world worth" is a really up-in-the-air question until you actually try to sell your collection, Quicken can give you a round-about view of where you stand with it. If you don't have access to wholesale prices, then use retail minus 30%-50% (just a wild guess).[/QUOTE]
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