That's why I think numismatics is the greatest hobby. Coins retain their value and can be passed down from generation to generation. Coins aren't just junk. Family members who inherit coins will know they have a value. As we can see on this forum, new members say they recently inherited coins and want to learn more. Do you hear about that in any other hobby?
I am buying one each year for my daughters dansco book 1986-date and also buy a 2-3 extra for the treasury roll holder, I would like to get a roll a year, between them and the commem coins, proofs and silver proof sets, looking to add atleast 30 oz per year and she is 5 now and has close to 60 oz now (i started when she was almost 4). It would be nice to give her monster box amount of silver when she turns 18!
Now you pay for all of those years of the depreciation tax break. If good old Uncle Sam can't get it now, he'll get it later. He eventually gets his share. ALWAYS!
What gets me, is if you read the rules, you pay capital gains on any depreciation you claimed, or could have claimed. So, even though it didn't really help us very much to claim the depreciation, we were going to pay taxes on it either way in the end...
That's what I did, refi'd to a 15-year at sub-4% over a year ago. Chopped 8 years and almost $150k in payments off the top, and now there's no reason to pay down any faster. You'll most likely be costing yourself more money by paying faster, unless your mortgage rate is insanely high and you can't refi for whatever reasons. Now, I'm diverting that extra money into PM's. I'll probably add a roll of ASE's with this year's check and keep climbing towards my goal of 1000oz before I go back to gold.
I haven't seen one of them things since nineteen hundred and ninety one! Gee whiz do they still give those things out????
Since I have to pay substantially, and pay estimated as well, the answer is none. Good luck to those who are getting a refund--haven't had one of those in years.
Yeah right, this year looks like I owe a couple ounces of silver. But if I did get something back, I'll probably end up buying a nice key date of something.
I am going to use my overpayment of taxes to pay down some long-term debt. Zero ASE for me (or any coin for that matter). I don't really consider an overpayment of taxes as "found money" or a windfall. Best to do something responsible with it IMHO.
None. From my estimates of what I likely will be getting back is going straight to savings, investments and a new TV since the one I have is slowly dying but $80 will go towards the part needed to hopefully keep it kicking for another 7 years, perhaps be a garage TV or a bedroom TV for movies in bed, etc.
Hopefully this year they remember to send the interest earned with the returned borrowed monies. Ya right