Message:

<p>[QUOTE=&quot;Eric Babula, post: 26679351, member: 85976&quot;]As I&#039;m pairing down my collection, I&#039;ve also begun to think about this subject. I have a wife and two adult daughters who do not have an interest in coin collecting. I believe, if and when I die, they would just want to sell the collection and use the money.......and, while sad for me as a collector, I completely understand if they don&#039;t have a passion for the hobby.</p><p><br /></p><p>I am going to put together a mini-collection specifically for each daughter, that will hopefully be sentimental to them and that they might keep (and display if they so choose). It will be small, and will contain a personal note from me.</p><p><br /></p><p>I will leave a note for them to let them know that they should not feel obligated to keep anything from my collection, and will include instructions on what to do with the collection in order to maximize their &quot;profit&quot; (e.g. donate these to my coin club, sell these to a dealer, send these to GC for auction, etc.). I will also have a printout of the coins in each Booklet/Binder with all of the coins, grade, their value (at time of printout), notes, etc., and keep it with that part of the collection.</p><p><br /></p><p>I have also put together a little Collectibles Inheritance Tax spreadsheet that they can fill out to determine Cost Basis of the collection on date of my death, Actual Sale Price, and Total Taxable Gain. It will have some instructions, and locations they can find past and current values.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in