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<p>[QUOTE=&quot;Rono, post: 203519, member: 6492&quot;]Howdy folks,</p><p>&nbsp;</p><p>I asked this down below in another thread, but really am curious.</p><p>&nbsp;</p><p>I know that buying and selling a coin is potentially a taxable event.&nbsp; The IRS feels that if you make a gain on the sale of any asset, it&#039;s a taxable event and this could very easily apply to a coin.&nbsp; I would understand this to mean that if back in the 1960&#039;s I bought an 1877 IHC and wanted to sell it today, I&#039;d technically owe taxes on the appreciation.&nbsp; Is this correct?</p><p>&nbsp;</p><p>My question is: </p><p>&nbsp;</p><p>Are coin collections treated the same way as stocks if they&#039;re part of your estate?</p><p>&nbsp;</p><p>For example, if I own a stock that I bought at $10 and it&#039;s now worth $100, my capital gain is $90 on which I would owe taxes if I sold the stock.&nbsp; However, if I will it to my son and die, he would get the stock at the Stepped Up Cost Basis of $100 and could turn around and sell it without any tax burden.</p><p>&nbsp;</p><p>So, does this same Stepped Up Cost Basis apply to a coin or coin collection?&nbsp;&nbsp; </p><p>&nbsp;</p><p>&nbsp;</p><p>thanks muchly,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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