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<p>[QUOTE="Michael Scarn, post: 3380067, member: 94715"]I currently budget about 7.5% of my expected annual gross income for coin purchases with a certain target of that amount (somewhere around 20-35%, can’t remember specifically) for intrinsic/metal value of the coins. Actual purchases vary year-to-year creating an excess/deficit that I track and can “use”/“repay” in future years. These annual spending targets are tied to expected cumulative costs of sets/pieces I want to collect over a multi-year (20-ish) timeframe. </p><p><br /></p><p>Coins are illiquid assets and there are high costs to transacting, so I try my best to only buy those that I think I can be happy with for life.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael Scarn, post: 3380067, member: 94715"]I currently budget about 7.5% of my expected annual gross income for coin purchases with a certain target of that amount (somewhere around 20-35%, can’t remember specifically) for intrinsic/metal value of the coins. Actual purchases vary year-to-year creating an excess/deficit that I track and can “use”/“repay” in future years. These annual spending targets are tied to expected cumulative costs of sets/pieces I want to collect over a multi-year (20-ish) timeframe. Coins are illiquid assets and there are high costs to transacting, so I try my best to only buy those that I think I can be happy with for life.[/QUOTE]
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