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<p>[QUOTE=&quot;Coinman_Ben, post: 597497, member: 9923&quot;]I know if you trade coins, you won&#039;t owe any taxes on that transaction and if you accept numismatic items for payment for a high ticket item, such as a car, even if the buyer pays you in silver eagles, since they are, for customs reasons, considered to be legal tender coins, you&#039;ll only owe taxes on the face value of those silver eagles if the buyer of your car (or other big ticket item) pays you in silver eagles or any other numismatic items that are considered legal tender, whether it&#039;s only for customs purposes, or if it was actually used in commerce at one point, the same principles apply.&nbsp; I know on a federal level, there are absolutely no taxes whatsoever on the sale of any legal tender numismatic item, but on the state level, there might be taxes once the sale of a legal tender numismatic item once the sales reach a certain level, but you&#039;ll want to check with your local and state tax laws regarding this issue, but it makes sense that there wouldn&#039;t be any taxes on the sale of any legal tender item for any reason if your an individual.&nbsp; Now if you sell privately issued silver bars or rounds, than that might be taxed in some states, or even by the federal government once the sales of those items reach a certain point, but that would be another issue to look into[/QUOTE]</p><p><br /></p>

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