Selling coins?
Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 2 of 2
  1. #1

    Nov 2012
    2
    All Types Of Treasure Hunting

    Selling coins?

    Hello,
    I am wondering about selling coins and then having to pay taxes on the money that was gained. Lets say I sold $300 of some old pre-1964 quarters. Do I have to pay taxes on this? Will the place I sold them to send me a 1099? I know that $300 is not the minimum amount that needs to be made a year to have to file taxes, so lets say I also made money elsewhere during the year.

    Also, lets say I did NOT make any other money this year other than the $300, will they still send me the 1099 even if Im not required to file taxes?

    I hope this makes sense.

    Thank You for any help.

  2. #2
    us
    Oct 2007
    Northern, OH
    DFX, White PI, Bounty Hunter, Whites Surfmaster II and Excalibur II
    5,565
    414 times
    All Types Of Treasure Hunting
    Honorable Mentions (1)
    Depends on who you sell too. If you sell to a place that buys gold and silver you may have to claim it. But if you sell to another collector you will be ok. I buy silver and gold whenever I get extra money. So if yuou have some to sell drop me a message.
    CRH 2014 find
    wheaties
    War Nickels
    Buffalo
    Mercs 4
    Rosie 6
    90% Kennedy
    Franklin
    Walkers
    40% halfs
    Detecting Finds
    Dollars
    Quarters `
    Silver Quarters
    Dimes
    Silver Dimes
    Nickels
    Pennies
    Wheaties
    rings

 

 

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Selling valuable coins???
    By piegrande in forum Coins
    Replies: 35
    Last Post: Jul 25, 2010, 10:14 AM
  2. Selling silver coins...
    By phrostie in forum Coin Roll Hunting
    Replies: 13
    Last Post: Apr 06, 2010, 05:36 PM
  3. Selling five cent coins
    By snake35 in forum Coin Roll Hunting
    Replies: 7
    Last Post: Mar 21, 2009, 11:50 PM
  4. selling dug coins
    By handy in forum General Discussion
    Replies: 9
    Last Post: Jan 21, 2009, 03:28 PM
  5. Buying and selling coins
    By Tavis in forum General Discussion
    Replies: 3
    Last Post: Feb 19, 2008, 07:59 PM

Search tags for this page

sellingcoins found metal detecting

Click on a term to search for related topics.
Powered by vBadvanced CMPS v4.3.0