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<p>[QUOTE=&quot;coleguy, post: 1123798, member: 9167&quot;]Well, technically it was coins for coins as all the silver was dimes and halves. I&#039;m not sure how I could prove or disprove a profit was made on the exchange as no physical cash traded hands, and as I exchanged about $80 face value for $2.04 face, all by definition numismatic coins. Even the IRS would have a hard time arguing I made a cent on that.</p><p><br /></p><p><br /></p><p><br /></p><p>Like I mentioned above, I got no cash whatsoever on the deal, but took it as store credit. As the people in the shop said, if I took it in cash, anything over $1,299 in Nevada I would pay taxes on, but credit is excluded. Seeing as they&#039;re one of the largest and most respected coin sellers on the west coast, I had to assume they knew their tax laws. Once again, what exactly would I have claimed as capital on that transaction? As far as I&#039;m concerned, I took a loss.</p><p>Guy[/QUOTE]</p><p><br /></p>

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