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Message:: [QUOTE="Rono, post: 293428, member: 6492"]Howdy, I can understand how you feel.  However, you need to be careful when dealing with the Blue Meanies (IRS).   The way the law reads is that ANY gain on ANY asset is a taxabale event.  Most coin dealers require you to fill out forms for sales of any magnitude - they take my drivers license number in Michigan for ALL sales.    There is an exemption for garage sale transactions AND small transactions will probably always fall under the RADAR. But for larger transactions, what makes you think the IRS won't start asking for records from dealers and pawn shops?  Say for anthing over $1000 or whatever? [hell, they probably have them now] Hey, I'm the sort that likes to be very careful in my dealings with the Gov't but also feel it's the patriotic duty of every american to legally minimize their taxes. Regardless of your feelings, I'd suggest you keep good records of your buys so that when you get to the sell point, you will at least have the choice of reporting. good luck, rono[/QUOTE]