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<p>[QUOTE=&quot;10gary22, post: 1039493, member: 23626&quot;]I believe that silver coins, unless you have proof otherwise are considered by IRS to have a cost base of face. The profit subject to Capital Gains tax. So if you sell $1,000 face for $18,000 they are gonna hit you for the $17,000 difference. That&#039;s why it&#039;s so important to keep the records of purchases. At least that&#039;s the way it has been in the past from my experience.</p><p>&nbsp;</p><p>gary[/QUOTE]</p><p><br /></p>

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