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<p>[QUOTE="dctjr80, post: 1032203, member: 15915"]I am doing an experiment this year, based on the arguments Doug made to me when I was a new collector and numismatist "stating that coins are a poor investment". This year I have tracked every cent I have spent on coins, coin supplies and anything, including gas that I used to go and purchase coins, against this I have tracked all the profits I have made selling and auctioning coins. Profits are what I actually got in hand after shipping and fees were taken out <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>I have 5 auctions ending later to day that are going to negate my last $107.60 that I am in the hole for the year and even place me slightly into the profit. But aside from my goal this year to prove that my hobby can and does pay for itself, I have increased the size of my collection and even added dozens of silver coins and one gold coin to my collection. The only area of my calculations not added in is my own personal time, which I have heard it argued would be more valuably spent earning a wage, the reason I do not factor that in is because I love collecting coins, most people spend tons of money to enjoy things, being sports, golf, or what ever. I am happy that my hobby doesn't cost me a dime and at the same time increases the size and value of what I get to keep afterwards by $100's a year![/QUOTE]</p><p><br /></p>
[QUOTE="dctjr80, post: 1032203, member: 15915"]I am doing an experiment this year, based on the arguments Doug made to me when I was a new collector and numismatist "stating that coins are a poor investment". This year I have tracked every cent I have spent on coins, coin supplies and anything, including gas that I used to go and purchase coins, against this I have tracked all the profits I have made selling and auctioning coins. Profits are what I actually got in hand after shipping and fees were taken out :) I have 5 auctions ending later to day that are going to negate my last $107.60 that I am in the hole for the year and even place me slightly into the profit. But aside from my goal this year to prove that my hobby can and does pay for itself, I have increased the size of my collection and even added dozens of silver coins and one gold coin to my collection. The only area of my calculations not added in is my own personal time, which I have heard it argued would be more valuably spent earning a wage, the reason I do not factor that in is because I love collecting coins, most people spend tons of money to enjoy things, being sports, golf, or what ever. I am happy that my hobby doesn't cost me a dime and at the same time increases the size and value of what I get to keep afterwards by $100's a year![/QUOTE]
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