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Message:: [QUOTE="lucyray, post: 935019, member: 24565"]Krispy, when you write, 'under market value', are you meaning, 'less than the price you paid'?  Cuz, everything I read (for estate planning, which I am working hard on) places importance on the price originally paid for something, and not market value.  This was true for computing the value of 50% of the bullion attributed to my husband at his death, and while I say that, what I really mean is the OTHER 50% is subject to capital gains when I sell it based on the original price we paid and the current value (difference between the 2); the first 50% (attributed to Dave) was "stepped up" in value to the greater of 2 numbers, "date of death value, or value at 6 months after death".  While I know this line of question is not about that, I do know that for me I have to remember that I will pay capital gains on two different valuations on my coins.  Were I to sell "under market value" makes no difference; it's gain over original price paid or step up valuation.  And if I "gift" it to anyone, exceeding a certain amount (11k)(I think) then there's gift tax they have to pay, based on current value.  And I could go on about other stipulations, and whew! do I hate learning all of this!  And did I mention that one is only allowed to give away a certain amount of their holdings, and after that number (quite high now but coming down) I STILL have to pay the tax on it.  Off topic?  Sorry..[/QUOTE]