- Jun 9, 2013
- 5,290
- 6,875
- Detector(s) used
- White XLT Spectrum E-Series
- Primary Interest:
- Metal Detecting
- Thread starter
- #21
Thanks folks... While I did read and re-read every response I still don't understand if someone did find a few hundred gold American coins from the 1850's-60's AND TOLD THE WORLD how would they be taxed?
Face value, todays gold value or their collectable value? Does anybody know whatever the couple from CA. ended up paying based on what?
And I totally agree.... If anyone did find such a cache THEY NEED TO KEEP THEIR MOUTH SHUT and sell off the coins one at a time. Since I've never sold a gold coin (except 1 1849 $1.00 to a private dealer) is there a tax if some were auctioned?
Face value, todays gold value or their collectable value? Does anybody know whatever the couple from CA. ended up paying based on what?
And I totally agree.... If anyone did find such a cache THEY NEED TO KEEP THEIR MOUTH SHUT and sell off the coins one at a time. Since I've never sold a gold coin (except 1 1849 $1.00 to a private dealer) is there a tax if some were auctioned?