Tax Facts

926 / How are United States silver coins valued for federal estate tax purposes?

If they have a fair market value which exceeds their face value, they are valued at their fair market value.1 The applicable revenue ruling says that the same conclusion would apply to paper currency owned by the decedent and having a fair market value in excess of its face value.2





1.    Rev. Rul. 78-360, 1978-2 CB 228.

2.    Rev. Rul. 78-360, supra.

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