⭐ IRS Coin

IRS Coin Appraisal in the Bay Area

Accurate, written coin valuations for federal estate tax filings and Form 706 reporting.

IRS Coin

What an IRS Coin Appraisal Is

When a coin collection is involved in an estate, a charitable donation, or an inheritance, the IRS requires a written appraisal prepared by a qualified appraiser. A verbal estimate or dealer quote does not meet that standard.

The appraisal must document the fair market value of each coin, identify the methodology used, and include the appraiser’s credentials. Without that documentation, the IRS can challenge reported values, reject deductions, or trigger penalties.

Who Needs IRS

Who Needs an IRS Coin Appraisal

Estates Filing Form 706

When an estate includes a coin collection valued above $3,000, a qualified appraisal must be attached to Form 706 to establish fair market value as of the date of death. The appraisal is required even if the estate does not owe federal estate tax.

Heirs Establishing Stepped-Up Basis

When coins are inherited, the cost basis resets to fair market value on the date of death under IRC Section 1014(a). Without an appraisal to support the value, the IRS may challenge the reported tax basis. A documented written appraisal protects heirs from that risk.

Donors Filing Form 8283

When coins or a numismatic collection valued at $5,000 or more are donated to a qualifying organization, the IRS requires a qualified appraisal to substantiate the deduction on Form 8283, Section B. The appraisal must be completed before the tax return is filed.

Qualified Appraisal

What the IRS Requires in a Qualified Appraisal

The IRS does not accept all appraisals equally. A qualified appraisal must include:

A description of each coin including type, date, mint mark, and condition
The fair market value of each item based on open market comparables, not retail price guides
The valuation date
The appraiser's qualifications and credentials
A signed declaration that the appraiser has no prohibited interest in the coins being valued

The IRS defines fair market value as the price a willing buyer and seller would agree upon with reasonable knowledge of the facts, which means open-market auction comparables are used rather than retail or guidebook prices. Liberty Coins

Report Covers

What the Appraisal Report Covers

Mountain View US and Foreign Coins provides written reports that meet IRS documentation standards. Each report documents every coin individually, covering coin type, date, mint mark, grade and condition, fair market value based on verified market data, and appraiser credentials and methodology.

The report is accepted by estate attorneys, CPAs, probate courts, and the IRS. You keep the written report regardless of what you decide to do with the collection.

Inherited Coins

Other Appraisal Services for Inherited Coins

If you are managing an estate or inherited collection, you may also need:

Time of Death Coin Appraisal

For valuations fixed to the exact date the owner passed away.

Estate and Probate Coin Appraisal

For court-accepted documentation during California probate proceedings.

Estate Tax Appraisal

For federal and state estate tax filings beyond Form 706 attachment requirements.

Collection Inventory Appraisal

For a complete catalog and valuation of every coin in the estate.

Not sure which appraisal type you need?

Area's We Serve

Serving the Bay Area

IRS coin appraisals are available across Mountain View.

San Jose, CA San Francisco, CA Fremont, CA Los Gatos, CA Saratoga, CA Oakland, CA Los Altos Hills, CA Mountain View, CA Willow Glen Almaden Valley Evergreen South San Jose Downtown San Jose

Text photos to get a fast initial response before scheduling a full appraisal.

Get the Appraisal Started

IRS appraisal deadlines are tied to estate filing dates. Contact Mountain View US and Foreign Coins to start the process.