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<p>[QUOTE=&quot;GDJMSP, post: 3244524, member: 112&quot;]You&#039;re not alone Geezer, I&#039;d venture the majority of collectors never give a second thought to keeping the records they are required to keep. And one day it&#039;ll jump and bite them, or their heirs. And when it does somebody will owe a large, large, chunk of money in the form of taxes either in the form of income taxes if the coins are sold, or possibly huge inheritance taxes if they are passed on. Topped off with income taxes if and when they are later sold.</p><p><br /></p><p>People tend not to think about such things when they plan to pass on collections to heirs. They don&#039;t realize they may be saddling their heirs with a substantial debt - as opposed to doing them what they think is going to be a favor.[/QUOTE]</p><p><br /></p>

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