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Turned my bank and mint rolls into gold and silver

ibzman350ibzman350 Posts: 5,315 ✭
in Precious Metals
Went to my local B&M and decided to get rid of all my rolls of state quarters, sacs and mint rolls of kennedys.

this is what Iwalked out with


image







Herb
Remember it's not how you pick your nose that matters, it's where you put the boogers.
imageimageimage

Comments

  • CiccioCiccio Posts: 1,405 ✭
    Did you get there with a truck?! How many rolls did you have??? image

    Nice trade! image
  • chumleychumley Posts: 2,305 ✭✭✭✭
    nice deal and an artistic display to boot image
  • ibzman350ibzman350 Posts: 5,315 ✭


    << <i>Did you get there with a truck?! How many rolls did you have??? image

    Nice trade! image >>




    $4500 worth



    Herb
    Remember it's not how you pick your nose that matters, it's where you put the boogers.
    imageimageimage
  • TooSnappyTooSnappy Posts: 43
    that is a beautiful pic!!!

    great trade
    Positive transactions as a buyer-Utahcoin, CEOGBOSE, grote15, guitarwes, ms71, zrlevin, Durexmetals
  • ZubieZubie Posts: 1,160 ✭✭✭✭
    Good move Herb! I did the same 2 years ago...figured all my mint Kennedy, State Quarter and Sac rolls were not going to appreciate much more and rolled them into silver.
    So glad I did, I'm over 1700 ozs of silver now and going for an even 2000 now.
    Positive BST Transactions with:
    Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
    image
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I just mentioned this in another post, but be sure to tally up your original costs for the stuff you just sold. Then use it as a tax loss to offset any gains you might have during the same year that you sold the rolls.

    The money saved in taxes is just as good as the money you make from a gain on a great trade.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ibzman350ibzman350 Posts: 5,315 ✭


    << <i>I just mentioned this in another post, but be sure to tally up your original costs for the stuff you just sold. Then use it as a tax loss to offset any gains you might have during the same year that you sold the rolls.

    The money saved in taxes is just as good as the money you make from a gain on a great trade. >>




    thank you sir for that bit of advice, I will certainly look into that, though I'm not sure what schedules or forms that will fall under.




    Herb
    Remember it's not how you pick your nose that matters, it's where you put the boogers.
    imageimageimage
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Edited: Whoops, sorry - it's Schedule D, not Schedule B.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Posted my truck comment in the other thread, but I see. Nice haul.

    If these are for stacking why would you need to do any tax forms? I wouldn't, cash purchase right.
  • SilverBaronSilverBaron Posts: 767 ✭
    In my humble but accurate opinion ..........

    VERY WISE TRADE !!!!!!! image
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • mrmojorisinmrmojorisin Posts: 272 ✭✭
    pff, only see a red x in place of the picture.
  • LeonidasLeonidas Posts: 653
    image
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