Do you know the approximate value of your collection?

I have tried every equation I can think of. All have an unknown constant that has to be equal to, or close to zero for the results to be what I'm getting.

 

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It's interesting so many are responding with the face value of the collection, not the sales price or purchase price value.

 

Nope, Don't wanna know, b/c I over paid for every coin I own..

 

That's ok Frank, we all know you're a millionaire from your book sales alone. Compared to your successful book sales your collection is small potatoes.

 

Excellent, you should have outstanding coins in your collection, whereas collectors bragging about great deals are probably buying dogs.

I have an Excel spreadsheet which includes the NGC book value for each coin. I don't need to make a profit so I do not care about the purchase price. In 30 years from now I'll know if I've bought the right coins or not ;-)

 

I have been using Coin Elite for 20 something years. It lets me sort and run a summary almost anyway I wish. I buy the value updates every few years. The prices are all over the place. Some are high and others are low. On average it's close to retail. The cost value is exact. I figure the sell value is about 60% of retail.

 

I've also used CE for about 10+ years, if you don't like the value, they can be changed.

[Not you, Larry, the you meaning the user.]

 

True. You can change the value. If you add something to the variety/desc field the value updates won't know what it is and won't change the value back to what's normal. That helps with rare varieties that are not in the built in list of coins.

It's such a cool program. I have an exact accounting of every coin I have ever bought or sold. I get sick when I look back at what I sold some coins for but that's all part of the game.

 

Yes I do...I wrote a complex excel spreadsheet that has tabs for PMs, Coins, charts, that gives me live time updates on Silver, gold, GSR, etc. It has columns for what I spent plus shipping and I keep track of every sent. Hell it even has an average dollar spent per oz in silver bullion. I wrote this because there is really nothing good out there. The only thing it doesn't do is update the current value of coins for numismatics which would be nice if there was an online database for that.

I based my spreadsheet after the one available from graspthewealth.com and modified it for my needs.

 

I haven't a clue.

 

Just wondering, if you are one of those that keep track of all of that, can your peas touch your carrots?

 

Lol! I don't think it is obsessive or anything to track how much you have spent. I think it is smart. Especially if you try to earn a profit from your collection. Or in my case, if you tell your wife you are adding to your collection again, but you always come out ahead when you sell

 

Actually, I record every coin with specifics in a simple windows spread sheet. Who I got it from, cost, shipping and comments. I put a ** next to the date until I rec it. I have a formula at the bottom that will give me total cost with just a click.

 

OOOOh! I don't expect too many collectors want anyone knowing how much they paid, or how much its all worth. But, since I don't like secrets (ha, ha), I will tell. I can't recall how much I paid for what I have now, because I bought my current coins over a period of several years, sold many others, mostly at losses. If I liquidated my collection now, I expect to get around $10,000+. About 75% of this value would be from my 14 gold and 5 platinum coins. Nothing too impressive I am sorry to say.

 

A Million Dollars.............................................................I wish.

 

You bet it's cataloged. Every coin. Every dollar. I keep track of what I paid. No sense in what's it worth as I have no plans to sell, not even a common date wheat penny. I just buy and hold.

 

Well, I'd dump my Wheaties, any time

 

Nope, just what I paid for it.

 

Never realized we had so many anal-retentives on the forum : - )