My initial post I did not mention the alternative valuation as I imagined it would be greater but am glad to see Dave added it. I have thought about you a good bit.
All the inherited items would be valued at the date of death unless you had them appraised separately for the estate. All of your items would be long term capital gains.
See pages 39 and 67 of Publication 550 PDF for basis and capital gains information.
I wonder if instead of selling these as a collector, it may be worth becoming a business so that you are taxed at ordinary rates. See Planning and Tax Considerations for Collectibles - The CPA .
See Small Business and Self-Employed Tax Center for everything you need to turn into a sole proprietor business. I think this may be a good solution for you. Blessings!
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