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<p>[QUOTE="medoraman, post: 1369019, member: 26302"]Two best ways I know on how to apportion cost. One, if you bought the lot for just one or a few coins, apportion the cost to them, and the rest are "free". Second method if you truly bought the lot for the lot, is to add up value of all coins, (lets say yours is valued at $240 as a group), the take your purchase price divided by the value times each coins value. Example, say one of those coins were valued at $20, you would say $200/240*20=$16.66 "cost".</p><p><br /></p><p>Yeah, I am an accountant. Like Rodeoclown advocates though, I collect for fun not profit, so I "let my accounting hair down' so to speak when it comes to my collecting. It would be a busman's holidya to do all of the stuff you guys do for your collection for me. I do way too many spreadsheets daily to want to do them for a hobby.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1369019, member: 26302"]Two best ways I know on how to apportion cost. One, if you bought the lot for just one or a few coins, apportion the cost to them, and the rest are "free". Second method if you truly bought the lot for the lot, is to add up value of all coins, (lets say yours is valued at $240 as a group), the take your purchase price divided by the value times each coins value. Example, say one of those coins were valued at $20, you would say $200/240*20=$16.66 "cost". Yeah, I am an accountant. Like Rodeoclown advocates though, I collect for fun not profit, so I "let my accounting hair down' so to speak when it comes to my collecting. It would be a busman's holidya to do all of the stuff you guys do for your collection for me. I do way too many spreadsheets daily to want to do them for a hobby.[/QUOTE]
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