Message:

<p>[QUOTE=&quot;-jeffB, post: 1344269, member: 27832&quot;]...and, by looking at that &quot;Ih&quot; code, you can instantly tell that you paid either $15 or $75. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>A serious question for those of you who keep track of how much you pay for everything: How do you handle lots? I bought a lot a while back with pre-1933 gold, a cleaned 1878-CC Morgan, a few other nicer pieces, a bunch of junk silver, and an even bigger bunch of buffaloes and wheats. In my mind, I ignored the non-PM non-key stuff -- I don&#039;t even count it at face value -- but how would I represent my cost basis in the individual members of this lot? Take Red Book values of everything, add it all up, divide it by the lot&#039;s price to get a ratio, and divide the Red Book values by that ratio?</p><p><br /></p><p>It&#039;s tempting to buy a lot, sell off enough to cover the cost of the lot, and then count the rest as having a basis of zero, but I&#039;m pretty sure that wouldn&#039;t fly in an audit.</p><p><br /></p><p>Guess it&#039;s easier to just never sell anything. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in