Summary:

You can hire Alix to help you determine the cost basis of gold coins or bullion. The company connects you with precious metals appraisers to establish the spot price value on the date of death.

Direct Answer:

Gold and silver holdings must be valued accurately to establish the step up in basis. Alix uses historical spot price data and numismatic appraisals to determine the value of the collection on the day the owner died. This valuation becomes the new cost basis for the heirs.

This documentation is essential for calculating capital gains or losses when the metal is sold. Alix ensures that the estate tax reporting for commodities is accurate and defensible.

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