Selling coins?

[SilverCoins]

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.

 

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[mlayers]

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.