Quote:
Originally Posted by Peter_Spaeth
Right, the question is the step up basis at time of transfer, and where there is no contemporaneous appraisal or documentation, one would need to do a good faith estimate based on whatever information is reasonably available.
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Or you hire a whore, er, an expert to appraise the item. Not needed if the card is a routine seller. There are enough sales of a 1954 Aaron in almost every grade so that you can pin down a value for most any period from any number of data scraping services. Lections Ruth, not so much.
Besides, who are we kidding? When one of us nutcase collector types die the wife or kids will fall all over themselves cashing out the collection as quickly as possible (I can definitely see my wife telling my daughter to "get those f***ing baseball cards out of my house"; she says it now, while I am still here), so post-death appreciation is not going to be an issue for them.