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Your advise please - major headache!
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<p>[QUOTE="emtoucan, post: 80230, member: 4459"]Thanks guys for the replies. Regarding the documentation, it's just a list over every coin by country adn date. He only collected the coins as an investment, and there's no detail on grading.</p><p><br /></p><p>The more I look into it though, it's like opening a can of worms.</p><p><br /></p><p>I'm trying to get my head around the grading process.</p><p><br /></p><p>If I was to open up a roll of coins, would these be graded as Unc or XF?</p><p><br /></p><p>Also I've got lots of set (and I mean lots). Unless I cn see some reference to 'Proof' on them, I'm assuming they are Unc.</p><p><br /></p><p>Also I'm unsure of the tax aspect. As far as I'm concerned I'm a private seller, selling what's mine to sell. When does this become an income? Surely most people who sell on e-bay don't pay tax on it?</p><p><br /></p><p>Oh well on with the grind......[/QUOTE]</p><p><br /></p>
[QUOTE="emtoucan, post: 80230, member: 4459"]Thanks guys for the replies. Regarding the documentation, it's just a list over every coin by country adn date. He only collected the coins as an investment, and there's no detail on grading. The more I look into it though, it's like opening a can of worms. I'm trying to get my head around the grading process. If I was to open up a roll of coins, would these be graded as Unc or XF? Also I've got lots of set (and I mean lots). Unless I cn see some reference to 'Proof' on them, I'm assuming they are Unc. Also I'm unsure of the tax aspect. As far as I'm concerned I'm a private seller, selling what's mine to sell. When does this become an income? Surely most people who sell on e-bay don't pay tax on it? Oh well on with the grind......[/QUOTE]
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Your advise please - major headache!
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