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<p>[QUOTE=&quot;Burton Strauss III, post: 25317502, member: 59677&quot;]The work to establish your basis is on you. </p><p><br /></p><p>For something like those mint sets you can pretty easily establish what you paid (mint prices) and a current valuation - gives you your gain (or loss).</p><p><br /></p><p>If you bought a coin in 1969, and you don&#039;t have a receipt, you can point to the Red Book for that year or an advertisement from a coin dealer. Those are reasonable ways to establish a basis.</p><p><br /></p><p>You can buy a used Red Book for $5 on fleaBay. </p><p><br /></p><p>IF it gets to an audit (and there are multiple steps before that happens), the auditor will likely accept a reasonable estimate if you can show your work.[/QUOTE]</p><p><br /></p>

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