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For example, it could be something you bought a long time ago that has gained value, or something you inherited. To be deductible at its full-market value, a donation of art valued at more than ,000 must be accompanied by a written appraisal prepared by a qualified appraiser.

The author of 25 books, Ed has also written hundreds of articles for business and professional journals and newsletters, including Accounting Today.com, is a frequent speaker to many professional and business groups and is on Panel of Experts of the You don’t have to be an art collector to have a piece of art that’s worth a few thousand dollars or more.

There are IRS penalties for inflating valuations of art objects…

appraisal fees are deductible only as a miscellaneous itemized deduction, not as a charitable contribution…

Compare you coins to the grading images and separate then by condition.

Follow your coin's value on the silver charts, and check for rare dates and mint marks. However, the third factor, condition, has an equal impact on value but is more subtle and difficult to determine.

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