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<p>[QUOTE=&quot;medoraman, post: 1597351, member: 26302&quot;]Collectible coins would be different, bullion coins, (junk silver), is not. Its about intent. If you are holding an 1883s morgan, sell it, and buy an 1885 CC morgan, those are different assets, at least it could be argued with a straight face.</p><p><br /></p><p>If you sell junk half dollars and buy junk quarters, how are they different? Both are valued at silver value, so you have just sold then bought silver. So, it would be declared a sham transaction by the IRS and ignored.</p><p><br /></p><p>That would be my opinion on the subject, and I have dealt with similar cases. Its basically the inverse of arguments made on like kind exchange rules.[/QUOTE]</p><p><br /></p>

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