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The cost of 10 traps, gloves, pants, line, buoys, claw pliers, etc. from Hamilton Marine Supply in Maine will run about $1,500 delivered. If I averaged seven lobsters a week, for the 16 +/- weeks of the season, the cost per keeper lobster is running about $8 a crustacean. But then again, the equipment will last longer than one year, so the amortized cost reasonably gets down to about $4.00 each.
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This doesn't include the cost of the boat and gas, but you figure that I would be using that recreationally anyway.
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Mike says that Mark Vona can get us a deal on used traps which would lower the cost as well.
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The justification can't be all financial. Time on the water is magic time, and this is a great excuse to get out there more often. I think I might give it a try.
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