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<p>[QUOTE=&quot;Tompkins316, post: 1241881, member: 28947&quot;]I&#039;m no tax expert either...and just going off of what I read.</p><p><br /></p><p>But that wasn&#039;t what I meant anyway, I meant the same as you.</p><p><br /></p><p>I was just trying to say that it the $600 threshold was based on profit, but that the dealer would have to report his own profits, as you would have to report yours. The dealer wouldn&#039;t (and would have no way of) reporting your profits on a coin that he bought from you. I just thought that it had to be $600 in profit, and it would have to be reported by the whichever person was profiting.</p><p><br /></p><p>Again I am in no way a tax expert or anything. I was under the assumption this was along the same lines of the &quot;selling things on eBay for profit&quot; and having to report it as income after $600. Perhaps I am totally wrong, just offering up my opinion/understanding.[/QUOTE]</p><p><br /></p>

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