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<p>[QUOTE=&quot;newatthis, post: 1599018, member: 42838&quot;]Rono &amp; Medoraman,</p><p><br /></p><p>I appreciate your responses.</p><p><br /></p><p>I did not get into a lot of detail with my CPA on what is bullion (junk silver) versus collectible. The intent with the question is to minimize a big move against a position, i.e. silver prices drop by half after a given purchase. In such a case the tax benefit might be worth the transaction cost.</p><p><br /></p><p>It is not clear to me what is bullion versus collectible. The price of uncirculated or proof eagles at the US Mint clearly includes a premium over and above bullion rates. I suspect it is also true that a large fraction of investors / collectors buy and hold (which supports a collectible definition). I don&#039;t know just how much premium it takes to make a given coin a collectible.</p><p><br /></p><p>I have been curious whether any users here have used such a strategy over time to lower their acquisition cost. With tax code and the IRS there is always the matter of what they are actually doing in practice versus ones reading of tax law. My CPA has not ever seen someone claim losses on coins even though theoretically one can, up to a limit of $ 3K a year against ordinary income.[/QUOTE]</p><p><br /></p>

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