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<p>[QUOTE=&quot;Publius2, post: 4667086, member: 105571&quot;]Gifts (estate distributions are a separate matter) are free from federal tax for the giver and receiver up to a maximum of $15K per person per year through 2026.&nbsp; &nbsp; As with all tax code, there are some caveats but that&#039;s the general rule as I have researched it.&nbsp; See your tax advisor.</p><p><br /></p><p>One additional thought on using CPI (or any other general economy measure of inflation) in assessing increased nominal dollar value of coins.&nbsp; Arithmetically easy to do but I think the utility is very questionable because all you&#039;re really doing is documenting the loss in the purchasing power of the dollar, not the increased or decreased &quot;value&quot; of the coin.&nbsp; As we&#039;ve all seen, the value of collectible coins does not seem to be firmly connected to commodity markets (I&#039;ll bet [USER=73489]@GoldFinger1969[/USER] would have thoughts on this).&nbsp; So, using the inflation calculation to &quot;adjust&quot; the original purchase price of the coin is simply another way to reflect the loss in the value of the dollar but doesn&#039;t in any way reflect what the new, inflated value of a particular coin should be.&nbsp; Think about how little utility this calculation would have had with the value of US silver Commemoratives.</p><p><br /></p><p>I keep detailed records of every coin and currency purchase (spreadsheet and receipts) over five dollars so that if I need to, I will have a basis value that is unassailable in an audit for me or my heirs.&nbsp;&nbsp; That could work for or against me depending upon market value at time of sale or audit.</p><p><br /></p><p>I don&#039;t think we&#039;ll ever see capital gains tax indexing any more than I think we&#039;ll ever see the Fair Tax - but that&#039;s a topic for a different venue entirely.[/QUOTE]</p><p><br /></p>

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