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<p>[QUOTE=&quot;johnmilton, post: 7481406, member: 101855&quot;]At the time that you inherit coins, the new tax basis, which is the cost number you take against the amount of money you receive from a sale to calculate the gain or loss, is based on the market value at the time you received them. If the coins don&#039;t amount to much, you can look at a pricing source, like &quot;Coin World Trends,&quot; and use that. I maintain the cost of my coins are a rather large XL spread sheet.</p><p><br /></p><p>If you have received expensive coins, an appraisal is necessary for estate purposes. That is needed to fix the value on the estate for tax purposes. Those numbers will transfer to you when you receive the coins.[/QUOTE]</p><p><br /></p>

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