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<p>[QUOTE=&quot;calebmurphy, post: 3233387, member: 99270&quot;]When I said it&#039;s like cash, I meant as far as reporting or disclosing goes, not necessarily how you spend it. If I buy 1,000 of those silver eagles, I dont have to report what I bought it for, and when I take possession of them, I dont have to report that I own 1,000 silver eagles worth $15,000. I&#039;m just holding some coins. I guess, literally, I&#039;m holding $1,000 worth of coins...? And I can now go down to the local pawn shop and sell them for their weight in silver at minimum and likewise not report it? That&#039;s where I need coinstalk help. If you take a single coin to a coin dealer and sell it, say its a 1oz silver coin and you sell for $1000. Is there any paperwork that is filed with the IRS? Would there be paperwork if it was an $8000 disclosable/reportable bar of silver? I understand you should claim capital gains, but if I give these to my kids and they sell them in 50 years when I&#039;m dead and gone, they wont know what I paid for them. They&#039;ll only know they have some coins that are worth $x. So how can they pay capital gains? Also, if they are nondisclosable vs disclosable, and I give them to my kids do they have to disclose that they inherited the disclosable bullion and pay inheritance tax? Do they not with nondisclosable numismatic coins?[/QUOTE]</p><p><br /></p>

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