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<p>[QUOTE=&quot;GDJMSP, post: 1331256, member: 112&quot;]Yes David, those are the requirements in California. But few other states have any similar requirements, most have none.</p><p><br /></p><p>What requirements they do have however are in regard to taxes. And taxes, both federal and state (in the states that have state income tax), are owed on any coin that you sell for a profit. And that applies to everybody. Thus my previous comments.</p><p><br /></p><p>And yes you are right about the equal value clause - to a point. There are very strict limitations on that. And it never applies to items of higher value. So your possible scenario is invalid.</p><p><br /></p><p>But don&#039;t take my word for it. Talk to a CPA, they&#039;ll tell you the same thing I am.[/QUOTE]</p><p><br /></p>

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