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<p>[QUOTE=&quot;medoraman, post: 1264684, member: 26302&quot;]This has been ruled on and thrown out. The tax court has ruled that you cannot take face value of collectible coins and attempt to use the face value as its fair market value for gift and estate tax purposes. If I remember the case right, it was eggregious, a man buying chain cents and the like and attempting to say it was only a $.01 value for tax purposes since it was legal US coinage.</p><p><br /></p><p>In short, what you advocate has already been ruled illegal, whether we do it or the politicians. Anyone caught doing this will be committing a felony, since its not a misinterpretation of tax rules. Since courts have ruled on this topic specifically, and there are clear collectible rules, anyone caught doing this will be treated as a felon tax evader.[/QUOTE]</p><p><br /></p>

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