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<p>[QUOTE=&quot;WmsJewelers, post: 396865, member: 12564&quot;]As a dealer I know I have to report any purchase over $1000 face silver coin, 40 oz of gold or 1000 oz of pure silver to the Government.&nbsp; In the case with the rands the buyer would not have to report anything or pay any taxes on profit because it was rolled over into his new house.&nbsp; Lets say you sell your house for $150k and you paid $125k.&nbsp; You do not have to pay Capital Gains on the $25k as long as you put that $25k into a new house or investment with in 6 months.&nbsp; The seller would have to report the transaction which I sure they had the dealer do for them.&nbsp; I think the buyer would have been better to sell the coins out right for cash and then take the cash as the payment.&nbsp; </p><p><br /></p><p>If I was taking 1oz coins for payment I would not take them for the same price that I get paid for them.&nbsp; I have to sell them and hope gold does not go down.&nbsp; This might have cost the buyer $10-30 per oz which could have been a large sum of money on that much gold.[/QUOTE]</p><p><br /></p>

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