Does probate law treat a coin collection which is in a parent’s Will as cash?

The collection is kept in fashion (coin holders, cases, bill and note protectors).

Asked on March 20, 2015 under Estate Planning, District of Columbia

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

The greater of the cash value (i.e. the coin collection's value simply as the coins of the appropriate denominations) or the fair market value of the coins as collectibles (if that exceeds the cash value) would be sued to value the collection.


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