Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Who to consign to??
>
Reply to Thread
Message:
<p>[QUOTE="calcol, post: 8140866, member: 77639"]OP, does your father need money from sale of the coins to meet ongoing expenses? If not, he might want to reconsider selling. If the coins are passed on via a will, the beneficiaries will not owe tax on capital gains while in your father’s possession. He or you should provide a detailed inventory plus care and selling instructions for beneficiaries.</p><p><br /></p><p>If the coins are worth $500k and most of the value is in 4-figure and up certified coins, auction houses will jump at the chance to sell the collection. And he and you will be in a good bargaining position to get good terms. If the collection is mostly lower value certified coins, the auction houses will take them, but you won’t get as good a deal. OTOH, if most the of value is in raw coins that are worth a few hundred each at most, big auction houses won’t be interested. In that case, selling to dealers or through small auction companies will be the way to go.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 8140866, member: 77639"]OP, does your father need money from sale of the coins to meet ongoing expenses? If not, he might want to reconsider selling. If the coins are passed on via a will, the beneficiaries will not owe tax on capital gains while in your father’s possession. He or you should provide a detailed inventory plus care and selling instructions for beneficiaries. If the coins are worth $500k and most of the value is in 4-figure and up certified coins, auction houses will jump at the chance to sell the collection. And he and you will be in a good bargaining position to get good terms. If the collection is mostly lower value certified coins, the auction houses will take them, but you won’t get as good a deal. OTOH, if most the of value is in raw coins that are worth a few hundred each at most, big auction houses won’t be interested. In that case, selling to dealers or through small auction companies will be the way to go. Cal[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Who to consign to??
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...