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<p>[QUOTE=&quot;ldhair, post: 747068, member: 11540&quot;]It is a lot like stocks. same idea but coins bring more to keep track of. </p><p>As collectors our tax rate would be the same as ordinary income if I understand the federal hobby tax code. That&#039;s not cool and only your CPA can tell you what the state is going to do to you.</p><p><br /></p><p>As far as saving receipts for coins, forever!!!! They should travel with the coin if gave to family. That&#039;s the only proof of the basis. With stocks, bonds, houses and stuff like that the price is public record but receipts from cost related to those, should be saved. Crazy stuff.[/QUOTE]</p><p><br /></p>

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