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  1. #16

    Jun 2016
    New York
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    All Types Of Treasure Hunting
    So I caved in this morning. Sold $1362. face value halves and some nickels for$10,200. Since they were all CRH finds I think I did pretty good. Even if silver continues to rise Iím not going to worry about losing a little profit. I also sold a small bag of scrap gold and silver jewelry for $800. Iím happy!

  2. #17
    us
    Feb 2007
    Northern Arizona
    Whites DFX with a Big Foot coil Gold Bug 2
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    216 times
    GREAT JOB you did GOOD, I'm thinking the same thing, sell when i can make a decent profit.

    Quote Originally Posted by Dannycoco View Post
    So I caved in this morning. Sold $1362. face value halves and some nickels for$10,200. Since they were all CRH finds I think I did pretty good. Even if silver continues to rise I’m not going to worry about losing a little profit. I also sold a small bag of scrap gold and silver jewelry for $800. I’m happy!

  3. #18
    us
    Oct 2013
    Whites DFX, coinmaster Gt Pro
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    Quote Originally Posted by Dannycoco View Post
    So I caved in this morning. Sold $1362. face value halves and some nickels for$10,200. Since they were all CRH finds I think I did pretty good. Even if silver continues to rise I’m not going to worry about losing a little profit. I also sold a small bag of scrap gold and silver jewelry for $800. I’m happy!
    Hey Dannycoco - what did you sell the scrap gold at? My LCS was offering about 70% for 14k scrap.... I haven't asked around, but thought it was low. Anyone have advice on this?
    CRH 2019 silver to date 75.3591 oz

  4. #19
    Charter Member
    us
    Feb 2008
    Great Lakes State
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    I’m up 100% on everything I bought last year. My target is $60/oz.
    AARC and silveraddict like this.

  5. #20

    Jun 2016
    New York
    354
    982 times
    All Types Of Treasure Hunting
    Zomotion Iím not sure what price the gold was at. He said he would give me a good deal because of all the silver I brought in.

  6. #21
    Charter Member
    us
    Feb 2008
    Great Lakes State
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    Quote Originally Posted by weighit View Post
    GREAT JOB you did GOOD, I'm thinking the same thing, sell when i can make a decent profit.
    Just donít forget your capital gains tax of 28% on the sale.

  7. #22
    us
    Feb 2010
    Missouri
    2,783
    2065 times
    Quote Originally Posted by fistfulladirt View Post
    Just don’t forget your capital gains tax of 28% on the sale.
    I didn’t think you had to pay capital gains on the sale of US coins sales?

  8. #23
    Charter Member
    us
    Feb 2008
    Great Lakes State
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    Quote Originally Posted by Twitch View Post
    I didn’t think you had to pay capital gains on the sale of US coins sales?
    Not on the coin itself, but the profit. It’s income.

  9. #24
    us
    Oct 2009
    Massachusetts
    Deus XP
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    Metal Detecting
    Quote Originally Posted by fistfulladirt View Post
    Not on the coin itself, but the profit. It’s income.
    How does the govt. know that you didn't buy the silver a long time ago (like when the Hunt bros. were trying to corner the silver market) at the exact price you sold it for (or, maybe, more)? Thus, no profit = no capital gain = no tax due.
    TheMastermind likes this.

  10. #25
    EQ8
    EQ8 is offline
    us
    Feb 2020
    Sw Wisconsin
    Equinox 800 Garrett Carrot
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    I would hold on to the coins unless you need the $$.
    After all these ridiculous "bail outs", money is bound to become a lot more worthless.
    As a friend told me..
    "Gold will get you out of jail, and silver will allow you to eat.
    Also.. try a couple of apps..
    "Ciinflation" and "scrap it".
    Your coin dealer is offering you over $2 LESS than silver halves are worth.
    Strictly MY opinion.
    Last edited by EQ8; Aug 07, 2020 at 11:31 AM.
    You don't stop playing because you get old..
    You get old because you stop playing

  11. #26
    us
    Jun 2014
    The 2nd State
    781
    1017 times
    Coin Roll Hunting
    blueberra - you could even deduct the capital loss if that were the case!
    2019 CRH Total

    $291,495 halves
    ---574 boxes---$3940 CWR---$220 MWR---$335 loose
    ---90% - 209------90% - 64------90% - 0-----90% - 3-----> 276
    ---40% - 912-----40% - 76------40% - 8------40% - 13----> 1009
    Ken-1182---Ben-52---WL-50---Barb-1---Total ---> 1285 Silvers/257.18 oz.

    "The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion." -Camus

  12. #27
    Charter Member
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    Feb 2008
    Great Lakes State
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    Quote Originally Posted by blueberra View Post
    How does the govt. know that you didn't buy the silver a long time ago (like when the Hunt bros. were trying to corner the silver market) at the exact price you sold it for (or, maybe, more)? Thus, no profit = no capital gain = no tax due.
    No profit, then why would they notice or care? What they might take notice of is someone’s post of a recent sale on an internet public forum, which we tend to see from time to time.
    ArkieBassMan likes this.

  13. #28
    us
    PoetóTraveleróSoldier of Fortune

    Mar 2012
    Pennsy
    2,164
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    Quote Originally Posted by blueberra View Post
    How does the govt. know that you didn't buy the silver a long time ago (like when the Hunt bros. were trying to corner the silver market) at the exact price you sold it for (or, maybe, more)? Thus, no profit = no capital gain = no tax due.

    Quote Originally Posted by Avago View Post
    blueberra - you could even deduct the capital loss if that were the case!


    "I bought all of that in 2012 at $48/ozt., Mr. Gov't Man. Just sold it all for $40/ozt. Can you direct me to the form for declaring my losses?"

    The sun shines
    And people forget

  14. #29
    us
    Jun 2014
    The 2nd State
    781
    1017 times
    Coin Roll Hunting
    One thing they may do is ask for proof of the purchase/receipts, which you might not necessarily have if they were a bunch of smaller, unreport-able cash purchases - But big brother would say "where did you get the $xx,xxx in 2012 to buy it all then?"

    Initiate audit.
    Last edited by Avago; Aug 07, 2020 at 12:29 PM.
    TheMastermind and BillA like this.
    2019 CRH Total

    $291,495 halves
    ---574 boxes---$3940 CWR---$220 MWR---$335 loose
    ---90% - 209------90% - 64------90% - 0-----90% - 3-----> 276
    ---40% - 912-----40% - 76------40% - 8------40% - 13----> 1009
    Ken-1182---Ben-52---WL-50---Barb-1---Total ---> 1285 Silvers/257.18 oz.

    "The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion." -Camus

  15. #30
    Charter Member
    us
    Tommy

    Dec 2015
    Ann Arbor
    Equinox 800
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    It will go up much higher as the economy and the dollar tank the more the gov spends the higher it goes and a recovery is a long way away
    Still Available Approved TreasureNet Sticker $2.00 for 11" X 3" Bumper Sticker ::. I have 34 left PM me if you would like to buy any Tommy.................... Put it on my Trans Am FREE SHIPPING Street Racing My Trans Am W/Tnet Stick

 

 
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