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<p>[QUOTE="illini420, post: 747189, member: 19423"]Exactly, even those of you who are adamant that you're just a collector and will hold your coins till you die should of course consider your collection as part of your overall estate plan. Since your death is your exit strategy in that case, make sure you have planned well so that your heirs are left in the best position as possible. </p><p> </p><p>As ldhair points out, tax planning is part of the story. Though you should note that in almost all cases the 15% long term capital gains rate is NOT applicable to sales of coins/bullion. Coins/bullion are generally treated as "collectibles" for tax purposes and gains on collectibles are taxed at a long-term rate of 28%!!!!!!</p><p> </p><p>You should of course not rely on advice here on the message boards but instead consult with an attorney who can look at your specific estate plan.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 747189, member: 19423"]Exactly, even those of you who are adamant that you're just a collector and will hold your coins till you die should of course consider your collection as part of your overall estate plan. Since your death is your exit strategy in that case, make sure you have planned well so that your heirs are left in the best position as possible. As ldhair points out, tax planning is part of the story. Though you should note that in almost all cases the 15% long term capital gains rate is NOT applicable to sales of coins/bullion. Coins/bullion are generally treated as "collectibles" for tax purposes and gains on collectibles are taxed at a long-term rate of 28%!!!!!! You should of course not rely on advice here on the message boards but instead consult with an attorney who can look at your specific estate plan.[/QUOTE]
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