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<p>[QUOTE=&quot;Valentinian, post: 7780311, member: 44316&quot;]I think many of us who are old have these thoughts. I think we can infer that it would be good to arrange the collection so that whoever inherits it knows what to do to turn it into money. Make sure they know <b>not</b> to take it to a local pawn or coin shop!&nbsp; </p><p><br /></p><p>Right now, with the &quot;step up&quot; provision for gains still in the tax code, if the collection is worth more than you paid, it is beneficial to let the kids inherit the coins and sell them compared to selling them yourself before you die, paying taxes on the gains, and having the kids inherit the money. But, if you have the kids inherit the coins, make sure they know how to get the coins sold without losing more money than necessary. You might enjoy deciding how to do it and writing up detailed notes on the process. By the way, give them notes on where <b>all</b> your coins are. Those coins you hid in the basement might not be found when you die and still be there long in the future to be found like an ancient-coin hoard.[/QUOTE]</p><p><br /></p>

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