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<p>[QUOTE=&quot;afantiques, post: 2147618, member: 71234&quot;]<i>Yes you are out of the money you sold the coin for (which should at least include the cost of the coin, hopefully).</i></p><p><br /></p><p>The seller can only be out of pocket by the cost of the coin to them and the shipping cost. If the coin cost $2 and $2 to ship, they are out of pocket by $4 if it is lost even if it sold for $100.&nbsp; They are losing an intangible, potential profit, but I suspect the IRS will not allow intangibles as deductions from your taxes.</p><p><br /></p><p>The money the coin was sold for came from the buyer and went back to the buyer. It never belonged to the seller because the buyer did not get the coin.&nbsp; This is ultra-basic accountancy. </p><p><br /></p><p>Otherwise, yes, that is just what I was saying. Loss can be quantified and managed, it must be because it will occour. Without a clear understanding of the process, all is vague and confusing.[/QUOTE]</p><p><br /></p>

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