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Author: ElleRB CAPS All Star Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5748  
Subject: Gold & children Date: 8/22/2011 3:45 PM
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Hello Fools,

My father passed away five years ago and left some gold and silver coins to my two half-siblings and I. They were once valued at approx. $25,000. For the last five years they've sat in my half-brother's safe deposit box.

Now that the price of gold is rising, I was thinking of selling my third of the coins. My two half-siblings, however, do not want to sell their coins. Are there any options for dividing the coins amongst the three of us without selling them all, since only I want to sell them? Any advice on what I should do?

(And, as an aside, does anyone have any recommendations of appraisers in the Washington, D.C. metro area?)

Thank you so much.
-BB
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Author: foolazis Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 5589 of 5748
Subject: Re: Gold & children Date: 8/24/2011 3:31 PM
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Now that the price of gold is rising, I was thinking of selling my third of the coins. My two half-siblings, however, do not want to sell their coins. Are there any options for dividing the coins amongst the three of us without selling them all, since only I want to sell them? Any advice on what I should do?

Are these bullion coins, or numismatic (collectible) pieces? That would make a big difference in how to approach it.

If these are bullion coins, you could just ask for 1/3 of the total number of ounces of each metal, since each piece would be valued the same. Numismatic pieces would be much more difficult to divide. You would have to get each piece appraised and divide the total lot into thirds of roughly equal value. Since you plan to sell based on the metal price, suggest that your third be all the lower valued coins, whose value would be more determined by the melt value. The more expensive, collectible pieces could be left with your siblings, since they want to hang on them. This would be the fairest approach, in my opinion (for what it's worth).

foolazis

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