Johnny Lightning

I don't know if you've looked at capital gains tax rates lately but historically they are as low as they have ever been. For someone who is married and filing jointly the rate on the first $83,850 is -0-% - it can't get any lower. For the next $433,350 the tax rate is 15% and above $517,200 the rate is 20%. None of those rates are what I would call huge, although the last two are not inconsequential. My point being that you can gain $83,350 every year and never pay any tax on it . It doesn't take genius to figure out that if you spread your sales out over, let's say 5 years, you can have a total gain of $416,750 gain tax free. Remember you get to subtract pretty much every single penny you've ever put into the cars, less things like oil changes and maybe tires and batteries, from whatever you sell it for to compute your gain.

Lots of good advice above. A lawyer friend of mine once told a class of his that I was in "If you hate your children die intestate". My corollary to that is if you only hate one of them, make them your trustee. I had always gotten along with my sisters fairly well. When my mother became incapacitated I was made the trustee of her trust. My sister wanted me to continue giving us a Christmas present that my mother used to give us every year. I told her that I couldn't do that because it wasn't in my mother's best interest financially. There were some other things that my mother did that she wanted me to continue doing that I also couldn't do. These items were in the hundreds of dollars not thousands but it would likely have been considered elder abuse had the authorities discovered it. I relate this story to show how seemingly small items can come between siblings when there is money involved. My advice is to put the cars up for sale in an orderly manner starting tomorrow. The advantage is that you convert them to cash which is easy deal with in an estate or trust (the preferred method). Another advantage is that you get to see the joy on the face of the new owners when they pick the addition to their collection. Another advantage is that you get to weed out folks that you think don't have the proper appreciation of what they are buying. There are some folks that will take a completely factory stock collectible automobile and turn it into some unrecognizable custom sled. You may not want that to happen to your car and if you have an auction that will likely happen to at least some of the cars, and you may not want that. Whatever you do don't leave a mess for your wife or heirs, it's not a nice thing to do. Best of luck. BTW I have pared my small car and motorcycle collection down to one new bike that I ride and a 1969 Royal Enfield that I gave to my son-in-law and made up with my sister.

I have for sale 4 Ford wrenches. If you are on this forum you probably know more about them than I do. I can tell you that these have been in my family for at least 67 years. They likely came from an 1920s or 1930s Ford but I really don't know. The numbers on the combination wrench is M-01A-17017 and the number on the box end wrench is M-01A-17017B . The last digit on the box end wrench may be a D. The adjustable (monkey) wrench and the open end wrench have no numbers on them but they have the Ford logo. Please see the pictures below. I would like to get these into the hands of someone who will appreciate them as I have no practical use for them. I'm asking for a reasonable offer above the estimated shipping of $15.00.

These wrenches are sold but I cannot for the life of me figure out how to delete this post.

But the objective was accomplished, you learned something. Maybe not about the subject you were looking for and the results were likely not reflected in your grade, but the objective of learning something was achieved nonetheless.

I have for sale a set of 5 wrenches that have been in my family for at least 67 years, probably longer. There are 4 wrenches that say "Maxwell" and are numbered 1-4. There is a fifth wrench that is of the same type and is stamped with the number 5 on it but it does not say "Maxwell" on it. I have no practical use for these wrenches and would like to get them in the hands of someone who can appreciate them. Since E-bay has gone nuts I am offering them here for $60 including postage.