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Liquidation of Coin Collection by Heirs of the Deceased
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<p>[QUOTE="coleguy, post: 1293469, member: 9167"]Coins are like any other asset that gets passed along. Many include them in estates or pass them along to family and friends as gifts, as you can gift them tax free up to 10K per year. It's easy to say sell them brfore your time comes, but thats hard since we don't exactly know when that day is. I've written instructions that accompany my cataloged collection so whoever ends up with it will know what things are worth, or where to find out, and who best to sell to if they desire to offload the collection.</p><p><br /></p><p>While some fear they are leaving loved ones with a burden, you have to remember that 3/4 of Americans leave their loved ones only bills and debt when they pass, so perhaps an asset such as a coin collection isn't so burdensome after all.</p><p>Guy[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 1293469, member: 9167"]Coins are like any other asset that gets passed along. Many include them in estates or pass them along to family and friends as gifts, as you can gift them tax free up to 10K per year. It's easy to say sell them brfore your time comes, but thats hard since we don't exactly know when that day is. I've written instructions that accompany my cataloged collection so whoever ends up with it will know what things are worth, or where to find out, and who best to sell to if they desire to offload the collection. While some fear they are leaving loved ones with a burden, you have to remember that 3/4 of Americans leave their loved ones only bills and debt when they pass, so perhaps an asset such as a coin collection isn't so burdensome after all. Guy[/QUOTE]
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