Need Help!!! Sorting Through Forty Years Of Amassing. - Page 10

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Author	Replies: 155 / Views: 23,208	Page: of 11

Slider23 Pillar of the Community United States 4471 Posts	Posted 04/14/2018 6:13 pm 1)XF 2) VF 4)VF 5) VG 6) AU Details Scratched 7) AU 8) AU 9) G There is not a lot of value. Check some ebay sales (sold) in same grade to get the real value. The most valuable dime is the 29 around $7. Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/14/2018 10:37 pm Quote: There is not a lot of value. Check some ebay sales (sold) in same grade to get the real value. The most valuable dime is the 29 around $7. Thanks. Still worth looking for the 16D... Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/14/2018 10:59 pm Is there a market for a really small D stamp? LOL Found another one....... Found one that might be a D..... or an S. Pics coming in daylight unless I can get a good one before. Its an S but I found a 17D, getting closer Edited by Narrowback44 04/15/2018 12:26 am Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/15/2018 6:54 pm Found a 26S in pretty bad shape. In total a bunch of 16, all P except for 3 S. Will post pics.... the weather stinx. Thanks again. Quote: collected silver out of circulation during the 50's, 60's and 70's. I collected during this time and I could find common date silver coins in circulation, but it was rare to find a key date out of circulation and hard to find better dates. In the 60's a lot of people collected silver coins out of circulation. I wish you the best on whatever path you take on your collection. Seems you are deadon.. Walking halves next....... Edited by Narrowback44 04/15/2018 10:33 pm Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/15/2018 11:55 pm Took some pics to get a close up.. no better. It was still a lot more exciting then the 9-15$ they might be worth....especially the S marks. The D is a 26 Edited by Narrowback44 04/16/2018 12:55 am Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/20/2018 9:34 pm Ok Brought back about 20 rolls of WLH. went through a couple already and its not promising. mostly VF and in the 40's, a couple from 30's but VF at best. Great feel to the coin though, nice and solid. Also switched out a few Morgans and found a couple more commemorative sets. Will post in daylight. Have a great weekend. That was quick, 8 coins. 2 counter stamps and a few from the teens. More unique than antique. 1 2 3 4 5 6 7 8 Any Ideas on this? It looks really nice in the hand.....but? Edited by Narrowback44 04/21/2018 4:10 pm Report this Post to the Staff
steve199 Pillar of the Community United States 1882 Posts	Posted 04/21/2018 02:13 am Quote: You need to be careful since your basis for tax purposes is $0 since it's an inherited collection. Just something to keep in mind. The basis is stepped up on an inheritance. Report this Post to the Staff
Slider23 Pillar of the Community United States 4471 Posts	Posted 04/22/2018 09:52 am 1) VF 2) F 3) G 4) VG 5) need better photo 6) MS62 7) MS63 8) MS62 Roller marks over ear 86) XF Details rim damage Report this Post to the Staff
paxbrit Pillar of the Community United States 992 Posts	Posted 04/22/2018 10:49 am If inherited, your basis is 'zero' on the date of death of the original owner. It's called the 'Angel of Death' rule, and is the opposite of tax policy if the original owner was alive and selling his goods. You are, however, liable for capital gains on the goods when you sell. over and above their value at time of prior death. So, if you inherit a collection or a car, say, worth $10,000, your basis as heir is $10,000, and there is no tax on that. Should you sell, for say, $11,000, your tax basis is $10,000 and you have a profit of $1,000 to be ostensibly taxed as a capital gain. There are short-term and long-term gains, with different rates. It's usually best to keep inherited property for one year before selling, for the lower rates. Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/22/2018 2:30 pm Slider thanks as always!! That last coin was wondering about the tone? real fake? paint? Will take another asap. Get some WLH today. Paxbrit...Thanks don't think much of it going to be sold(1/5 Maybe)....but still great to hear. There are places in BK. Edited by Narrowback44 04/22/2018 2:36 pm Report this Post to the Staff
Slider23 Pillar of the Community United States 4471 Posts	Posted 04/22/2018 3:30 pm The toning on the 86 looks crusty and orginal. The only negative that I see is the rim ding. If you think there is something on top of the surface like PVC, a soak in acetone would remove the contaminat. I have seen PVC on a coin that looked like toning. PVC can be in the plastic coin flips. Acetone will not remove toning, but will remove PVC. Report this Post to the Staff
steve199 Pillar of the Community United States 1882 Posts	Posted 04/22/2018 8:59 pm Quote: So, if you inherit a collection or a car, say, worth $10,000, your basis as heir is $10,000, and there is no tax on that. Should you sell, for say, $11,000, your tax basis is $10,000 and you have a profit of $1,000 to be ostensibly taxed as a capital gain. There are short-term and long-term gains, with different rates. It's usually best to keep inherited property for one year before selling, for the lower rates. What you are describing here not a zero basis. If the decedent had a basis less than $10,000 in that car, it gets stepped up to $10,000 for the heir. Also, since you mentioned the holding period...except for certain situations for decedents who died in 2010, the holding period is automatically treated as a long-term capital gain, no matter how long (or short) the heir holds the property before selling. Narrowback44, hopefully your family is working with a tax professional and/or attorney to make sure this is all handled properly. To avoid hijacking your thread, I won't say anything more about this topic. It is quite an impressive collection! Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/22/2018 9:14 pm Pulled 8 more. down to 4 two 1918 and two nice from the 40's. Nothing special pics tomorrow. When it comes to taxes, they'll get theirs, always do. We have Estate planners. Report this Post to the Staff
CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 04/22/2018 9:20 pm Looks like you inherited quite a nice collection! I think all of us would like to have your "problem" Report this Post to the Staff
Narrowback44 Valued Member United States 104 Posts	Posted 04/23/2018 3:27 pm If you have a good year morgan say a 1878 CC but its in F maybe G condition is it ever worth cleaning? Will post pics if necessary. Report this Post to the Staff
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