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Retired...what to do with unwanted accumulated common circulated coins
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<p>[QUOTE="ldhair, post: 25673606, member: 11540"]I retired a while back. This gave me the time to start selling most of the collection. I started with the coins that would bring the most money. Great Collections has been a big help selling graded coins and with sending raw coins to PCGS and CAC.</p><p><br /></p><p>I have sold 150 coins so far and GC are working on 300 more. I'm now working of all of my Dansco albums and it's a slow process pulling out the coins that need to be graded before selling. I'm saving all the money I raise for now. I need to get a better idea of what I owe in income tax on what I have sold this year. It's going to be a large amount. Never figured I would actually make a profit.</p><p>Whatever profit is leftover will go towards my Bust coin collection. </p><p><br /></p><p>I won't be selling any gold or silver that is only worth bullion value. I'm going to wait on that. My big problem will be all the low value raw coins and medals. I'm not ready to start selling on Ebay again. It's just too much work and it would eat up all of my free time. </p><p><br /></p><p>That's my plan as of now.[/QUOTE]</p><p><br /></p>
[QUOTE="ldhair, post: 25673606, member: 11540"]I retired a while back. This gave me the time to start selling most of the collection. I started with the coins that would bring the most money. Great Collections has been a big help selling graded coins and with sending raw coins to PCGS and CAC. I have sold 150 coins so far and GC are working on 300 more. I'm now working of all of my Dansco albums and it's a slow process pulling out the coins that need to be graded before selling. I'm saving all the money I raise for now. I need to get a better idea of what I owe in income tax on what I have sold this year. It's going to be a large amount. Never figured I would actually make a profit. Whatever profit is leftover will go towards my Bust coin collection. I won't be selling any gold or silver that is only worth bullion value. I'm going to wait on that. My big problem will be all the low value raw coins and medals. I'm not ready to start selling on Ebay again. It's just too much work and it would eat up all of my free time. That's my plan as of now.[/QUOTE]
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Retired...what to do with unwanted accumulated common circulated coins
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