Friday, October 3, 2014

Book Review: The Collectors Handbook

The Collector's Handbook: Tax Planning, Strategy, and Estate Advice for Collectors and their Heirs 

This book is not focused on numismatic collections, although that subject is mentioned frequently. Nor is it strongly focused on the acquisition phase of your collection. Instead, it is advice for selling or giving way any sort of collection, be it art, stamps, paintings, coins or whatever.

This is mostly aimed at collections of higher value - say at least a few hundred thousand dollars - and much of the advice wouldn't really apply until much higher values. Still, there can be surprises and this book is interspersed with tales of collections not thought to be worth much (even by the appraisers) that ultimately sold for astonishing sums. The opposite is also true, of course.

It's that admixture of stories that turns what might otherwise be a dull (though useful) book into something actually interesting to read even if you don't need to worry about your heirs squabbling over your multi million dollar collection when you are gone.

Buy this book at Amazon and help support this site.

Note:  All my coins are in a safe deposit box.  I keep nothing in my home.

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