Discussion in 'Bullion Investing' started by FryDaddyJr, Nov 2, 2019.
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I probably won't sell in that high of dollar amount to warrant this. I only plan to sell if I get desperate. or prices go above 1800/30
no need to worry about claiming capital gains? I realize most won't ever bother
Required, even for such a small amount of bullion.
I've rotated rolls of morgans before, never had to mess with papers. Only thing that was involved was a manually written receipt and physical cash.
Yup, I've seen the same thing there involving people with bags of 90% silver.
Depending on the state/city there will be different laws/expectations of the shop. But, it's never really more than looking at/making a copy of your license, getting a receipt showing what you sold and for how much, and possibly having you sign it.
This is done so the shop has recourse if items are reported stolen. The receipt is for you to prove on your taxes, if you wish, any capital gain or loss.
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