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Posts posted by Weidel Legacy Collection
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Here's a question for those of you who have turned your collecting habits into a business.
As I near retirement, and after reading so many posts about it, I've decided that it's time for me to start clearing the decks a bit to avoid burdening my family with having to deal with my collections. My first focus will be to start divesting the flotsam and jetsam (duplicate slabs, raw coins, US mint products, and miscellaneous) I've acquired over the years before starting to sell my core collection and then including other collections I have. I think it makes sense to start an LLC to track and manage expenses, income, tax liability, etc.
My question: since what I'm selling has been acquired over 30+ years, is it 'OK' to start a business to sell these assets? While I have some documentation/records on acquisition costs, it's mostly contained in several spreadsheets with little paper to back-up the purchases.
Recommendations?
Thanks!
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Last price reduction before heading to ebay. Thanks for looking!
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This looks to be a worthy project to undertake given your access to resources and skills. I'm looking forward to seeing how the end product turns-out. Best wishes on the effort!
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Happy Memorial Weekend!
Price Reduction
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Available are 5 Jefferson war nickels with either 5 or 6 complete steps. At this time, I am only posting these coins on the NGC site for sale…they will head to eBay next if I can’t find homes for them. With that being said, I am amenable to reasonable offers, especially if multiple coins are involved. All coins are graded by NGC and were upgraded by coins I now have in my collection. Nickels will be shipped to the buyer at no charge and I offer a no questions asked return if the buyer isn’t totally happy with the coin they receive. Payment is either by check, money order, Paypal F&F, or Paypal + 3% to cover charges. I’ve purchased and sold many coins through both the NGC and PCGS websites and have never had any problems on either side of the transactions I’ve been party to. Thanks for looking!
1942-S MS66 5FS
1943-S MS67 5FS
1944-S MS66 5FS
1944-D MS67 6FS
1945-D MS67 5FS
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I am GeneralAntique on Ebay.
Nothing for sale at this time but I'm about ready to start imaging a flock of doubles or coins I've upgraded to raise some cash for new purchases!
Questions around starting an LLC
in US, World, and Ancient Coins
Posted
JKK and Coinbuf - much thanks for your input!