Charity Donations

relayer

If you have coins that didn't make the grade or duplicates or whatever a good thing to do is donate them to your local Boy Scout Troops or other established youth orientated orginization.

You can deduct the FULL PCGS PRICE GUIDE price on your income taxes (this is where the PCGS price guide does have a useful function).

Just get a receipt listing the coin and grade.

kranky

Not to discourage anyone from donating to worthy causes, but I don't believe you can deduct anything more than you paid for it (in tax terms, your "basis").