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Best way to document coin collection for ease of estate
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<p>[QUOTE="GDJMSP, post: 1054619, member: 112"]It doesn't matter what you grade a coin. And it doesn't matter what the NGC or PCGS slab (or any other slab) says either. The reason it doesn't matter is because anyone buying the coins is going to ignore the assigned grade and make an offer on what THEY think the grade to be.</p><p><br /></p><p>The one and only advanatge that TPG slabs give you is that they make the coin or coins easier to sell because authenticity is guaranteed. As for the grade guarantee the TPGs offer - this is pretty much meaningless to potential buyers because they know that the TPG determines the market value of a slabbed coin - NOT the owner. So if you pay $500 for a slabbed coin and submit it under the grade guarantee, and the TPG says the market value is only $200 - then $200 is all you will receive.</p><p><br /></p><p>One of two things that does really matter is this - what you as the owner paid for the coin. This is important because it establishes the cost basis for the coin in regard to tax purposes for your heirs.</p><p><br /></p><p>The other thing is as Guy says - your heirs will need a list of trustworthy dealers to contact.</p><p><br /></p><p>Provide those two things to your heirs and you don't need to worry about anything else.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1054619, member: 112"]It doesn't matter what you grade a coin. And it doesn't matter what the NGC or PCGS slab (or any other slab) says either. The reason it doesn't matter is because anyone buying the coins is going to ignore the assigned grade and make an offer on what THEY think the grade to be. The one and only advanatge that TPG slabs give you is that they make the coin or coins easier to sell because authenticity is guaranteed. As for the grade guarantee the TPGs offer - this is pretty much meaningless to potential buyers because they know that the TPG determines the market value of a slabbed coin - NOT the owner. So if you pay $500 for a slabbed coin and submit it under the grade guarantee, and the TPG says the market value is only $200 - then $200 is all you will receive. One of two things that does really matter is this - what you as the owner paid for the coin. This is important because it establishes the cost basis for the coin in regard to tax purposes for your heirs. The other thing is as Guy says - your heirs will need a list of trustworthy dealers to contact. Provide those two things to your heirs and you don't need to worry about anything else.[/QUOTE]
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