@LoveBug71 wrote:
What would be the difference if I bought them, and sold them?
If you bought them yourself, then your basis would be what you paid for them (i.e., your purchase price). If you then sold them for more than your basis, you would have a gain.
If you inherit them, your basis is typically the fair market value on the date of death of the individual who died (i.e., the decedent from whom you inherited the property).
For example, if your grandmother paid $100 for all of the coins, total, and they were worth $10,000, in total, on the date of her death, your basis would be $10,000 (not her basis, which would be $100).
