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<p>[QUOTE=&quot;medoraman, post: 1425031, member: 26302&quot;]I would simply be unsure. What will the state do with the coins people paid taxes with? Simply turn around and sell them. Gold coins are not a depositable item, the state would have to have an arrangement to sell to a local dealer. As to people buying PM to pay taxes, why would they? DOes anyone know, if your property taxes are $6,000 a year, how many gold conis it will take to pay your property taxes next year? Anyone? I didn&#039;t think so. Why would people take $6,000 and go buy PM if they are not sure that will be enough PM to pay their taxes, when they KNOW the $6,000 will be enough?</p><p><br /></p><p>This is not even getting into the arguments about the premiums dealers charge for PM versus the value the state will give you. What if you walk into the state with a ultra high relief Saint Gaudens. What value will the state give you for it? I could see the arguments, accusations of fraud, etc just go round and round.</p><p><br /></p><p>Regarding the well made Chinese fakes. I am glad you don&#039;t feel it will be an issue, but I do since many or most dealers cannot tell the differences and the state workers accepting these will not be as trained as they. Secondly, I see all of this PM just getting lumped together so I don&#039;t see how the state would even be able to trace who paid in fake PM even if it were discovered later.</p><p><br /></p><p>Maybe I am just dense and simply do not see the advantages.[/QUOTE]</p><p><br /></p>

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