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<p>[QUOTE="medoraman, post: 3373587, member: 26302"]I would say [USER=9270]@kanga[/USER] has the best solution. What you paid is knowable, "value" is not, really. This is all fine and dandy, and I know a lot of collectors like to keep track of such things.</p><p><br /></p><p>However, one thing I would say. I do not think one should count the value of their collection as part of their "net worth" in my opinion. Coins are a hobby, and only hobby money should be spent on them. The dangers, if you calculate this as part of your net worth, are manifest. One, you cannot liquidate them quickly for full value. Two, the value is unknowable really, since you could have a good or bad experience in an auction. Three, and maybe most important, is that once you consider coins an investment, you are tempted to spend investment money on them, not hobby money. This is where dealers convince you to spend more than you can afford on your hobby.</p><p><br /></p><p>This is coming from someone with well over $100k worth of coins in my SDB, but I do not consider any of them financial assets. If my wife and kids want to sell them an put something in their pocket when I am gone, whatever, but until I am gone they are my playthings, not my stocks or bonds.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3373587, member: 26302"]I would say [USER=9270]@kanga[/USER] has the best solution. What you paid is knowable, "value" is not, really. This is all fine and dandy, and I know a lot of collectors like to keep track of such things. However, one thing I would say. I do not think one should count the value of their collection as part of their "net worth" in my opinion. Coins are a hobby, and only hobby money should be spent on them. The dangers, if you calculate this as part of your net worth, are manifest. One, you cannot liquidate them quickly for full value. Two, the value is unknowable really, since you could have a good or bad experience in an auction. Three, and maybe most important, is that once you consider coins an investment, you are tempted to spend investment money on them, not hobby money. This is where dealers convince you to spend more than you can afford on your hobby. This is coming from someone with well over $100k worth of coins in my SDB, but I do not consider any of them financial assets. If my wife and kids want to sell them an put something in their pocket when I am gone, whatever, but until I am gone they are my playthings, not my stocks or bonds.[/QUOTE]
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