In article <200611161809.kAGI9gsb075130 at keith.ezwind.net>,
"Bob" <caveguy at sbcglobal.net> writes:
My question is how do we value our collections for
insurance purposes,
or god forbid as part of our estate for tax purposes ?
That's an interesting question. The insurance valuation should be for
the replacement cost, which for a hard to find item could be pricey.
The estate tax valuation should probably be lower as here the
consideration is what you would get if you tried to sell it, not what
it would cost to replace it. I'm thinking in many cases the money I'd
get from selling what I have would be much less than the money I'd
need to replace it. It sounds weird, but you may need to pay more to
replace something than there is interest in purchasing the same item
from you.
If one was to build and host an online
ComputerCollectables
list/gallery, > could a knowledge base be created to document collections
that someday would be > usable as a price guide. Or would such an attempt
be doomed, due to lack of i nput from the real world ?
In order for this to be useful, it has to be *actual* price data not
what people "think" something should cost. The latter is a highly
subjective evaluation and you will find many of those in "Collectible
Microcomputers" where I see that on ebay, things *never* go for the
lowball price listed in that book. The former is the kind of thing
you see on ebay. It may not jibe with your subjective evaluation, but
it *is* an actual price that someone paid (assuming no shill bidders).
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