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Message:: [QUOTE="Just Carl, post: 836055, member: 4552"]I agree that if you have a registry set, brag about your coins on a web site which many lately do, show it to way to many people and worse yet, give a list to your insurance agentcy. I play it safe with all purchases. Never use a check, credit or debit card nor anything with my name on it. Mostly that is for security reasons not so much to avoid the tax people. And true when you order a proof or uncird or anything from the USMint, there is always that record of that purchase. HOWEVER, no one at the Mint or the IRS knows what you did with them. For example every year I get about 10 to 15 sets of each and give away for Chrisstmas Presents and what people do with them is also inknown to me or the IRS. Some of the items pointed out by GDJMSP may or may not be valid. Which is one more reason never to pay with a check or credit card. Also, as to friends or neighbors or anybody, I've said this a long time ago, when it comes to insuring your coins the best insurance is to KEEP YOUR MOUTH SHUT. I am not saying we all should do what ever it takes to avoid paying taxes on anything, just  let our hobbies alone. No one taxes anyone when they sell a model plane they made. No one taxes people at flea markets for selling what they find in an alley. So why pick on coins???????[/QUOTE]