Читать книгу Coin Collecting For Dummies - Neil S. Berman - Страница 17

There’s an art to selling anything, and coins are no exception. You need to know what to expect when you sell your coins., Decide whether to sell your coins yourself, and prepare to make the sale. You will need to get your coins properly graded and fairly priced, find coin dealers to sell to, and keep records of your sales. Turn to Chapter 19 for the lowdown.

If you decide to have a professional sell your coins, your choices are to sell directly to a dealer, on consignment, or at a public auction. You have to make sure that you’re paying a fair commission, know how to set a price, and choose a dealer. If you decide to go the auction route, you need to know how to pick an auction house, the fees you should expect to pay, and the fees you should not pay. Chapter 21 fills you in. I also tell you what you’ll find in an auction contract and provide a handy list and up-to-date description of all the current leading coin auctioneers in the United States.

Coin selling involves certain legal and tax responsibilities. In the United States, selling just about anything for a profit is taxable and sadly, coins are no exception. You need to understand your tax obligations and the ways to minimize them, as well as the like-kind exchange rule in taxes. I cover this topic in Chapter 22 and also briefly touch on coins as investments. Coin collecting is lots of fun, but it’s less fun if the Internal Revenue Service comes pounding on your door. Don’t let fear of legal or tax issues deter you: In this last chapter before the Part of Tens, I give you the information you need so that you can focus on the fun of buying and selling coins, not on the legalities.

We’re talking about big money when we do a count down of the top ten most valuable U.S. coins in The Part of Tens as well as a look at ten favorite designs. In this section, I give you ten tips to get the kids involved and share the love so that the next generation can develop an appreciation for the history and get excited about the hunt when coin collecting.

Lastly, I provide a glossary of terms and basic jargon to help because Numismatics is a specialized language on its own, as you can tell from what we call ourselves!