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<p>[QUOTE=&quot;-jeffB, post: 26659261, member: 27832&quot;]I think that bill&#039;s intent was both broader <i>and</i> narrower, just like the similar bill that passed here in NC some years back.</p><p><br /></p><p>Specifically, while it applies to bullion items &quot;which are valued primarily based on their metal content and not their form&quot; - ruling out, for example, jewelry or (presumably) collectible art bars - it includes <b>all</b> PM coins minted and issued by the Mint, <i>irregardless</i> of any numismatic premium. So if you bought a bunch of 2025-S cents and flipped them at current ridiculous prices, you&#039;d owe nothing. I think that&#039;s a bit silly.</p><p><br /></p><p>I&#039;m calling for a <i>general</i> adjustment of <i>all</i> capital gains according to inflation. If the price of something I bought years ago has doubled simply because the value of the dollar has halved, it&#039;s fundamentally unfair to consider 50% of the price as &quot;capital <i>gains</i>&quot;.[/QUOTE]</p><p><br /></p>

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