Save money. Look at your coins!
topstuf
Posts: 14,803 ✭✭✭✭✭
You can go broke letting your coins go unlooked at.
Taking an easy 7% return on your cash, here's your cost of looking at your coins.
7% of $100 is 7 bucks. Divided by 365 days in a year, if you look at your coins once a day it's only .019 cents per day per hunnert bucks. Less than 2 cents. Unless the coin cost you $1,000.00 when it costs 20c a day to look at em. Or twenny bucks if it's a hunnert grand coin.
Now what if you only look once a WEEK? Aiyee! 2c x 7 = 14c a look per $100 for weekly gazing.
Once a MONTH??? Uh-oh.....costin ya. 2c x 30 = 60c a look per $100. Or 6 bucks a look on a thousand doller coin. Almost like a movie.
Since nobody's got no coins more'n a grand apiece, it ain't so bad. What? Someone DOES?
Aiyee!!!!
Taking an easy 7% return on your cash, here's your cost of looking at your coins.
7% of $100 is 7 bucks. Divided by 365 days in a year, if you look at your coins once a day it's only .019 cents per day per hunnert bucks. Less than 2 cents. Unless the coin cost you $1,000.00 when it costs 20c a day to look at em. Or twenny bucks if it's a hunnert grand coin.
Now what if you only look once a WEEK? Aiyee! 2c x 7 = 14c a look per $100 for weekly gazing.
Once a MONTH??? Uh-oh.....costin ya. 2c x 30 = 60c a look per $100. Or 6 bucks a look on a thousand doller coin. Almost like a movie.
Since nobody's got no coins more'n a grand apiece, it ain't so bad. What? Someone DOES?
Aiyee!!!!
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Comments
Can you factor that into the equation?
<< <i>Can you factor that into the equation? >>
Not really as the thinking would be unproductive and cost you lots and lots and become incalculable.
<< <i>If you photograph your coins and keep them on the computer and look at the photos, how much does that cost? >>
Depends on your utility rates. You would add that to the cost of "real time" lookin. Or....sell the coins and just look at da pitchers and put the money into Nigerian profit opportunities.
Some collectors and speculators I have known are constantly churing everything. It's been my experience that these people become unhappy with the hobby and often leave. It's also been my experience that these people end up losing money, which sours them them further.
A true collector enjoys his coins and takes pride in their ownership.