Message:

<p>[QUOTE=&quot;calcol, post: 8659629, member: 77639&quot;]Look very carefully at the tax consequences of you selling versus your estate selling later.&nbsp;&nbsp; If your collection has gone up in value, you’ll likely have to pay capital gains taxes.&nbsp; OTOH, depending on the size of your estate and the state you live in, your estate may owe no inheritance taxes.&nbsp; And the basis of your collection for your estate will be its value on your day of death.&nbsp; So, if the collection is sold soon thereafter, there will be little or no capital gains tax.</p><p><br /></p><p>Be sure your executor is well informed about the collection and how to dispose of it.&nbsp; Alternatively, be sure the collection is well organized, is in a safe place known and accessible to your executor, and leave a document with it listing an inventory and detailed instructions on disposition of the coins.</p><p><br /></p><p>If your collection has not appreciated and you’re not interested in it anymore, yeah, sell it.&nbsp; Remember you’ll be getting wholesale or hammer prices.&nbsp; If it’s really valuable, you may be able to negotiate with auction companies to get more than hammer prices.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in