Selling coins?
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  1. #1

    Nov 2012
    All Types Of Treasure Hunting

    Selling coins?

    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
    Oct 2007
    Northern, OH
    DFX, White PI, Bounty Hunter, Whites Surfmaster II and Excalibur II
    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
    War Nickels
    Mercs 4
    Rosie 6
    90% Kennedy
    40% halfs
    Detecting Finds
    Quarters `
    Silver Quarters
    Silver Dimes



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