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<p>[QUOTE="c10ck3r, post: 1532984, member: 35496"]Hey guys!</p><p>I recently bought my first CC Morgan- an 1879CC (not sure if capped or not) graded EF-40 by ANACS.</p><p>I (believe I) got a good deal on it, but I have no idea how to determine my "official" purchase price and/or how I would do this if I had to keep books.</p><p><br /></p><p>Here's the situation:</p><p>I purchased $21.90 FV silver dimes for $460. I sorted them, and kept 69 for my books (Whitmans)</p><p>I sold $15.00 FV to my LCS, who offered $340 cash or a bit more for trade in (did not recieve a number). I picked out the slab, which he said wholesaled for $575. He let my have it for the silver + $160 cash. </p><p><br /></p><p>So, if I were a business keeping ledgers, I just registered a $174 loss- I spent $175 FV for $1 FV. This is after I lost $440 to buy the $21.90 in the first place. What would you say my price was???</p><p><br /></p><p>Thanks!</p><p>Johannes[/QUOTE]</p><p><br /></p>
[QUOTE="c10ck3r, post: 1532984, member: 35496"]Hey guys! I recently bought my first CC Morgan- an 1879CC (not sure if capped or not) graded EF-40 by ANACS. I (believe I) got a good deal on it, but I have no idea how to determine my "official" purchase price and/or how I would do this if I had to keep books. Here's the situation: I purchased $21.90 FV silver dimes for $460. I sorted them, and kept 69 for my books (Whitmans) I sold $15.00 FV to my LCS, who offered $340 cash or a bit more for trade in (did not recieve a number). I picked out the slab, which he said wholesaled for $575. He let my have it for the silver + $160 cash. So, if I were a business keeping ledgers, I just registered a $174 loss- I spent $175 FV for $1 FV. This is after I lost $440 to buy the $21.90 in the first place. What would you say my price was??? Thanks! Johannes[/QUOTE]
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