So Say Your Going To Auction Of A Huge Collection

High value coins at an auction and low value coins on the bay.
John1

Not such a hypothetic question for me.
I have a World collection of about 2,500 coins, covering all 26 centuries of coin history.
It has taken me more than 40 years to put together.

In terms of numbers, the vast bulk of my collection would have individual coins with a value of less that $10 each.
A few of them would be valued at over $1,000 each, with a hundred or more in the $100 to $1,000 each range.

This collection will go to a specialist numismatic public auction, (before? after? - doesn't matter much) I kick the bucket. I have already spoken the to auctioneer on this subject.

The auctioneer will group larger lots of lower valued coins together for some lots, a few medium valued coins together in other lots, and the most valuable coins will be auctioned as individual items.

My two kids will pick out individual coins they may like to keep for themselves, and the rest will be auctioned, the auction proceeds to be split equally between them.

Insofar as taxes are concerned, they are payable by the auctioneer on his sellers fees, and indirectly paid by the auctioneer on the buyers fees only. No capital gains taxes payable, because most of the coins were bought without purchase records, long before capital gains taxes were introduced.

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If you got your collection in an inheritance, and you are a coin collector yourself, why would you want to sell it?

Thanks for the input !!!!