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<p>[QUOTE="fools_gold, post: 877378, member: 20669"]Well to be fair, we have talked about capital gains here in the past. Probably even in this thread if you go all the way back, because I know this is a question that I've had myself.</p><p><br /></p><p>If you do it the slow way, one or two coins at a time, I'm just not sure it's enough transactions for anyone to really care or notice. Of course I'm not advocating cheating the gov't in any way. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>If you're looking to really offload a lot of your coins in one shot, you have no chance but to record that info for the IRS. What gets complicated is that I believe you also have to prove how much you profited as well. So you would need documentation showing what you paid for them in the past....I recall you mentioned having all the documents so that may not be a problem.</p><p><br /></p><p>You could always go to local jewelry stores and again, sell them 2-3 here and there. Heck, you can chart a course and go to 5 different shops a day selling each of them just 2-3 and get your cash that way....</p><p><br /></p><p>You can sell your coins to some of the members here! Give us a discount off the premium and we'd then pay you cash...</p><p><br /></p><p>There really are lot of ways to go about it...[/QUOTE]</p><p><br /></p>
[QUOTE="fools_gold, post: 877378, member: 20669"]Well to be fair, we have talked about capital gains here in the past. Probably even in this thread if you go all the way back, because I know this is a question that I've had myself. If you do it the slow way, one or two coins at a time, I'm just not sure it's enough transactions for anyone to really care or notice. Of course I'm not advocating cheating the gov't in any way. ;) If you're looking to really offload a lot of your coins in one shot, you have no chance but to record that info for the IRS. What gets complicated is that I believe you also have to prove how much you profited as well. So you would need documentation showing what you paid for them in the past....I recall you mentioned having all the documents so that may not be a problem. You could always go to local jewelry stores and again, sell them 2-3 here and there. Heck, you can chart a course and go to 5 different shops a day selling each of them just 2-3 and get your cash that way.... You can sell your coins to some of the members here! Give us a discount off the premium and we'd then pay you cash... There really are lot of ways to go about it...[/QUOTE]
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