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How do you know when to stop collecting and start selling off your coins?
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<p>[QUOTE="Kasia, post: 8660759, member: 31533"]You say no one in your family has an interest in coins, but perhaps they would if they had some. Perhaps will some of your nice pieces to a few of your relatives, you can even draw names out of a hat if you wish. Some may not enjoy collecting coins but may tie the receipt of that as a sign that you cared enough to give something of yours that you treasured. Possibly some or all will sell them but you won't care as you will have passed (that's how I look at things for myself). Then again, I've already decided to gift some of my coins to my family who hold no real interest in coins, not so much in the hope they do but in the hope that if they do sell, they recognize the value and they also realize that perhaps holding on to them for a number of years will help increase their value. That said, I've started gifting some to family now because I have no idea if when I pass I will have declined so far as to have no estate, and why not share a bit of "inheritance" prior to passing. </p><p><br /></p><p>Just consider tax consequences of actions. There are limits in place.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 8660759, member: 31533"]You say no one in your family has an interest in coins, but perhaps they would if they had some. Perhaps will some of your nice pieces to a few of your relatives, you can even draw names out of a hat if you wish. Some may not enjoy collecting coins but may tie the receipt of that as a sign that you cared enough to give something of yours that you treasured. Possibly some or all will sell them but you won't care as you will have passed (that's how I look at things for myself). Then again, I've already decided to gift some of my coins to my family who hold no real interest in coins, not so much in the hope they do but in the hope that if they do sell, they recognize the value and they also realize that perhaps holding on to them for a number of years will help increase their value. That said, I've started gifting some to family now because I have no idea if when I pass I will have declined so far as to have no estate, and why not share a bit of "inheritance" prior to passing. Just consider tax consequences of actions. There are limits in place.[/QUOTE]
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How do you know when to stop collecting and start selling off your coins?
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