At least, don’t consign coins that will likely go to auction in late November or in December. After doing this a couple of times, I’ve learned not to do it. First, prices received are likely to be lower. Folks are preoccupied with the holidays, and a lot of their discretionary income is going to travel and gifts. Second, the auction house may sell some of your coins in December and some in January. This means capital gains or losses have to be reported to IRS in two different years. BTW, it’s the auction date that matters to IRS, not the date you receive the check from the auction house. If the auction is in Dec and you receive the check in Jan, it’s the Dec year that counts for reporting a gain or loss. If you have coins you want to sell late in the year, consign them late enough that the auction will be in January or later. Mike
I’d recommend waiting to sell until after taxes are paid but I think the best time to sell is September, October. Vacations are killers as well.
