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<p>[QUOTE=&quot;GDJMSP, post: 690760, member: 112&quot;]Perhaps I shpould have worded my post differently to something like - gold Buffalos are the only US gold coin that you are allowed to have in an IRA. The issue is the purity of the gold.</p><p><br /></p><p>As for taxes, profits on sold coins are always taxed as captial gains. I&#039;ve paid plenty over the years. BUt don&#039;t take my word for it, ask your accountant just like I did. Or - ask the IRS.</p><p><br /></p><p>And yes, people pay them all the time. If you don&#039;t you risk the consequences.[/QUOTE]</p><p><br /></p>

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