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Joseph Gwinn Joseph Gwinn is offline
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Default Long term tool storage

In article ,
Ignoramus21381 wrote:

I have 625 tools of a certain kind. If I sell one per week, that means
that I will be selling them for the next 12 years. (scary thought)


Given the cost of storage space (your house and lot have finite size)
and of the measures needed to keep these items from rusting, and the
interest on the money tied up in the 625 items, does it make economic
sense to price them so it takes 12 years to sell out? I suspect not,
but a little work with a spreadsheet could be useful.

Joe



They are made of steel and have dark finish (phosphate), but are not painted.

I am going to store them outdoors, in three rectangular plastic bins
with covers that snap over them, so that rain water does not
penetrate.

In addition, I placed desiccant bags in those bins.

Would you say that it is sufficient to prevent them from rusting for
12 years.

Thanks

i