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Calculating the value of a bulk lot

Today's guest author Nathan Masters recently needed to write a paper related to mathematical formulation, so he wrote about deriving an equation to assign a score to the bulk lots of LEGO he's picked up over the past few years.

He thought it might be of interest to other AFOLs so we are reproducing it here:

As an AFOL (Adult Fan of LEGO) on a budget, I am always on the lookout for opportunities to get the most bang for my buck when buying those fascinating little bits of plastic. A quick look at the current product range and some simple arithmetic will show that on average, new LEGO sets cost about 0.1 USD/piece.

Before I look at how to find LEGO for less than that, I want to note that different builders may put higher value on buying new sets to build and display, not caring much for loose pieces. Others are much more interested in buying as many individual parts as possible at bulk pricing, preferring to “free build” rather than follow instructions from the boxed kits.

I find myself in the latter category and the rest of this post is based on my pursuit of sourcing genuine LEGO parts on the cheap.

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