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<p>[QUOTE=&quot;calcol, post: 26638462, member: 77639&quot;]At least, don’t consign coins that will likely go to auction in late November or in December.&nbsp; After doing this a couple of times, I’ve learned not to do it.&nbsp; First, prices received are likely to be lower.&nbsp; Folks are preoccupied with the holidays, and a lot of their discretionary income is going to travel and gifts.&nbsp; Second, the auction house may sell some of your coins in December and some in January.&nbsp; This means capital gains or losses have to be reported to IRS in two different years.&nbsp; BTW, it’s the auction date that matters to IRS, not the date you receive the check from the auction house.&nbsp; If the auction is in Dec and you receive the check in Jan, it’s the Dec year that counts for reporting a gain or loss.</p><p><br /></p><p>If you have coins you want to sell late in the year, consign them late enough that the auction will be in January or later.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>

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