Hello From Denver - Hoping To Learn About Selling Coins

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Author	Replies: 8 / Views: 1,594
TCL963 New Member United States 18 Posts	Posted 08/27/2016 9:26 pm Hello everyone. I am new here and hoping to learn about selling coins. My dad was an avid collector, but unfortunately passed away 11 years ago. His collection has sat untouched all these years, but I recently went through everything and was quite surprised with what he has. I am now trying to help my mom sell some of the duplicates he has. I have started an inventory and have looked up the approximate worth on ebay. The one problem we have come across is that there is very limited records of when he purchased each coin and how much he paid for them. I have been researching and hope to learn more here. Report this Post to the Staff

dd27 Pillar of the Community United States 666 Posts	Posted 08/27/2016 9:46 pm TCL963! There are many members here who I am sure can offer excellent advice re: selling your father's duplicates. What a great gift he left you and your family! Report this Post to the Staff
Joseph7420 Bedrock of the Community Canada 11922 Posts	Posted 08/27/2016 10:31 pm to the CCF! Report this Post to the Staff
Fuzzy317 Moderator United States 14463 Posts	Posted 08/28/2016 04:55 am Here are the rules about selling items on CCF: Buy/Sell/Trade/Want List Rules Report this Post to the Staff
hoosiergator Valued Member 204 Posts	Posted 08/28/2016 1:54 pm Welcome and if you start posting pictures on here there are plenty of people here to help you out. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4591 Posts	Posted 08/28/2016 3:17 pm to CCF If we're talking a substantial value, then you should consult a tax advisor. Mom's basis may not be what Dad paid, but rather the value of the items at his death when they passed to Mom. Or not, depends on the state, community property law, etc. (but I'm not a lawyer or tax pro, so my advice is worth what you are paying for it $0). http://info.legalzoom.com/colorado-...s-25505.html Do remember that lots of buyers are obligated to report transactions to the IRS over certain threshold (I think it's now 5K). -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
jack jeckel Pillar of the Community United States 5207 Posts	Posted 08/28/2016 6:19 pm Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 08/29/2016 10:42 am to the Community! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
TCL963 New Member United States 18 Posts	Posted 08/29/2016 12:47 pm Thanks for the welcome and tips! Report this Post to the Staff
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