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<p>[QUOTE="calcol, post: 3363529, member: 77639"]I agree with the concept of giving the coins themselves to a charity and let them do the work. One problem is if the uncle willed the coins on a value basis, rather than specific coins, to multiple charities, then a valuation would have to be made. Is any tax likely to be due on the estate? If so, the Brinks inventory and pictures may be good enough. Show them to a dealer or two for an opinion. I've been involved in a couple of estates where there were coins involved, and a generalized evaluation based on Redbook values was good enough.</p><p><br /></p><p>Another advantage of turning the coins themselves over to the charity or charities is there is less chance of them complaining that the executor(s) did a poor job of marketing the coins and asking the executors to make-up the difference. If there are multiple charities involved, see if you can't get their reps together for an amicable division of the loot as per terms of the will. Getting them to sign-off on their share can eliminate future disputes. If the estate is sizeable, a lawyer should be involved.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3363529, member: 77639"]I agree with the concept of giving the coins themselves to a charity and let them do the work. One problem is if the uncle willed the coins on a value basis, rather than specific coins, to multiple charities, then a valuation would have to be made. Is any tax likely to be due on the estate? If so, the Brinks inventory and pictures may be good enough. Show them to a dealer or two for an opinion. I've been involved in a couple of estates where there were coins involved, and a generalized evaluation based on Redbook values was good enough. Another advantage of turning the coins themselves over to the charity or charities is there is less chance of them complaining that the executor(s) did a poor job of marketing the coins and asking the executors to make-up the difference. If there are multiple charities involved, see if you can't get their reps together for an amicable division of the loot as per terms of the will. Getting them to sign-off on their share can eliminate future disputes. If the estate is sizeable, a lawyer should be involved. Cal[/QUOTE]
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