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<p>[QUOTE="calcol, post: 2856157, member: 77639"]A thorough inventory is the first order of business. You can probably get a ballpark idea of worth from the inventory. If you take some to a dealer, they can give you an estimate only on what you present. Show them the inventory or do the work yourself online to get values.</p><p><br /></p><p>Then there is the tax angle. If there is a capital gain, then it might be best to hold the collection as an inheritance because the basis will become the value of the coins on the day the owner dies. If there is little or no gain or maybe a loss, selling now might be best. If there is a loss, there may be a tax deduction. The complicating factor is inheritance taxes. If the entire estate is large and subject to inheritance tax, then consult an accountant or lawyer for advice.</p><p><br /></p><p>Finally, the uncle should have a will and possibly a trust.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2856157, member: 77639"]A thorough inventory is the first order of business. You can probably get a ballpark idea of worth from the inventory. If you take some to a dealer, they can give you an estimate only on what you present. Show them the inventory or do the work yourself online to get values. Then there is the tax angle. If there is a capital gain, then it might be best to hold the collection as an inheritance because the basis will become the value of the coins on the day the owner dies. If there is little or no gain or maybe a loss, selling now might be best. If there is a loss, there may be a tax deduction. The complicating factor is inheritance taxes. If the entire estate is large and subject to inheritance tax, then consult an accountant or lawyer for advice. Finally, the uncle should have a will and possibly a trust. Cal[/QUOTE]
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