What data actually establishes a rare coin's value in Florida?
Documented comparable sales, primarily realized auction prices for the same series, grade, and variety, supported by the PCGS and NGC price guides. Realized prices beat dealer asking prices as evidence, and for bullion pieces the melt value sets a floor beneath the numismatic premium.
How fast must a Florida estate report coin collection values?
Within 60 days after letters of administration issue, when Florida's probate inventory, Form 1.944, is due listing fair market value at the date of death for all probate assets, unless the court extends the deadline. A retrospective appraisal establishes those date-of-death values even if the collection is examined later.
What are the IRS rules for donating a coin collection in Florida?
Noncash gifts are reported on Form 8283, and a qualified appraisal is generally required once the claimed deduction exceeds $5,000. Very large gifts of property valued over $500,000 require attaching the full appraisal to the return. Donation values use fair market value, not insurance replacement figures.
Does Florida tax a coin collection as tangible personal property?
Not if it is a household collection, since Florida's tangible personal property reporting targets business-use assets. Coins held as dealer or business inventory in the state on January 1 are different: they must be reported annually on Form DR-405, though section 196.183 of the Florida Statutes exempts up to $25,000 of assessed value per return.