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<p>[QUOTE="Dafydd, post: 26678734, member: 86815"]I told my wife, who has no interest, that some coins are worth a lot of money and others pennies so I will leave details of which auction houses to use for the collection. I also need to catalogue which I am way behind with. We also have some complex tax rules. A single coin if sold for approximately $8000 or less is capital gains tax exempt. If sold as a collection or "set" the allowance only applies once so the balance is taxed at potentially 40% so by the time the auctioneer is paid the value is decimated. What this means is I'm not interested in any auction house attribution of the "Dafydd" collection so the coins may be dispersed amongst specialist auctioneers to get the best results, treasure coins with Sedwick, USA with Heritage etc. We don't actually believe in inherited wealth but have a disabled daughter so by familial consent the bulk of the proceeds will go to her. Her Siblings are all doing well and don't need further assistance. </p><p>I'm with [USER=104064]@KBBPLL[/USER] on this , I won't be around to worry about it but will do my best to ensure the family don't get ripped off. </p><p>My collecting is not investing so what its worth at the final curtain is not that relevant to me only that fair play takes place.</p><p>My son has an interest in Tudor and Stuart history and I have already gifted him some coins and maybe his interest will progress to collecting coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Dafydd, post: 26678734, member: 86815"]I told my wife, who has no interest, that some coins are worth a lot of money and others pennies so I will leave details of which auction houses to use for the collection. I also need to catalogue which I am way behind with. We also have some complex tax rules. A single coin if sold for approximately $8000 or less is capital gains tax exempt. If sold as a collection or "set" the allowance only applies once so the balance is taxed at potentially 40% so by the time the auctioneer is paid the value is decimated. What this means is I'm not interested in any auction house attribution of the "Dafydd" collection so the coins may be dispersed amongst specialist auctioneers to get the best results, treasure coins with Sedwick, USA with Heritage etc. We don't actually believe in inherited wealth but have a disabled daughter so by familial consent the bulk of the proceeds will go to her. Her Siblings are all doing well and don't need further assistance. I'm with [USER=104064]@KBBPLL[/USER] on this , I won't be around to worry about it but will do my best to ensure the family don't get ripped off. My collecting is not investing so what its worth at the final curtain is not that relevant to me only that fair play takes place. My son has an interest in Tudor and Stuart history and I have already gifted him some coins and maybe his interest will progress to collecting coins.[/QUOTE]
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