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<p>[QUOTE=&quot;Hobo, post: 1022398, member: 11521&quot;]Take the case of the Ohio family who earlier this year discovered their 1856-O Coronet Double Eagle that had been handed down in their family for over 100 years was very rare and very valuable. (Only 20 to 30 examples of 1856-O Double Eagles are known.) Their coin was graded EF-45 by NGC and they sold the coin at auction for $345,000. After paying the seller&#039;s fee of 15% ($51,750) I assume they received a net total of $293,250. </p><p>&nbsp;</p><p>But wait! Uncle Sam wants his share of their windfall. Hopefully Uncle Sam allowed them to claim a basis of $20 in the coin so they &quot;only&quot; owed 28% capital gains tax on $293,250 meaining they had to write the IRS a check for $82,104.40. (If Ohio has an income tax they will have to pony up even more.) They will be lucky to net $211,125.60 (or 61.2% of the selling price). 38.8% for fees and taxes takes a big bite out of your profit. </p><p>&nbsp;</p><p>Here&#039;s one for you, nineteen for me.[/QUOTE]</p><p><br /></p>

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