Not me. I don't need the money, and have done very well by holding.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>that all good and all but.....just put cash in pocket...spend it when needed....makes no sense to put money in bank where it makes no money anyhow.
its not income I would think it would be a capital gain ..no? and that would be only 15% yes? and who...really who does this ? you all can say you do but I do not believe it one bit...were talking physical now not paper silver. I refuse to give the Gov. one penny that they do not deserve so they can piss it away on some ( in Algores own words ) bull ship!
if your a "stacker" you stack for that day......if you "invest" then play the game. no one need know what I do........well untill now.............but prove it. >>
A capital gain is income. Cash is good, but for everything else swim at your own risk. I pay taxes. Whether you believe it is irrelevant. What does matter is the IRS believes it. To me the consequences of not doing so are not worth the risk. Risk analysis does not only apply to investing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Going back to the op's title. I'm selling, But who is buying. I have over $200 in 90% silver coin and offered it out a smidge below melt at 30x face delivered with no interest. I sold all my ASE's and silver dollars at a premium over melt. Is 90% silver coin unpopular?
<< <i>Going back to the op's title. I'm selling, But who is buying. I have over $200 in 90% silver coin and offered it out a smidge below melt at 30x face delivered with no interest. I sold all my ASE's and silver dollars at a premium over melt. Is 90% silver coin unpopular? >>
I have someone who'd be happy to buy $100 face worth of that. Better price than my local guy.
A capital gain is income. Cash is good, but for everything else swim at your own risk. I pay taxes. Whether you believe it is irrelevant. What does matter is the IRS believes it. To me the consequences of not doing so are not worth the risk. Risk analysis does not only apply to investing. >>
don't get me wrong..I render onto...but . I'm a 90% silver guy myself and most if not all was acquired from pulling it from circulation back in the day when it was just face value. now ..if the Gov. wants to go and screw up the monetary system and make my cash worthless I feel the coin I turn in is just worth what it should be. that's all.
<< <i>I walk into my local b&m (or whatever) plop down my silver/gold and ask....how much? if I agree he hands me CASH I walk away...pretty simple. now if I'm buying I just reverse said rule.
what tax do we speak of............. call me crazy but I thought that was the whole reason for holding physical. >>
We speak of capital gains tax that the IRS says is owed on all income. When you sell you have income. Bullion is taxed as a "collectible" at the 28% rate. You get to reduce the income by your cost. Save purchase records. A lot of people don't claim the income. Any sale done with the computer (ebay) or deposits of money into the bank leave a trackable trail to your income. Best to review the IRS site on capital gains and at least know the rules. Swim at your own risk. Me, I just give them their share and sleep better. >>
that all good and all but.....just put cash in pocket...spend it when needed....makes no sense to put money in bank where it makes no money anyhow.
its not income I would think it would be a capital gain ..no? and that would be only 15% yes? and who...really who does this ? you all can say you do but I do not believe it one bit...were talking physical now not paper silver. I refuse to give the Gov. one penny that they do not deserve so they can piss it away on some ( in Algores own words ) bull ship!
if your a "stacker" you stack for that day......if you "invest" then play the game. no one need know what I do........well untill now.............but prove it. >>
I do. I pay unto to Ceaser what is due to him. Just because you don't pay the taxes you're supposed to doesn't mean no one else does. If you'd like, I can show you my 1040 from last year which absolutely showed capital gains on physical pm's that were bought and sold.
Maybe the rate wouldn't have to be as high as 28% if everybody paid their fair share.
<< <i>Going back to the op's title. I'm selling, But who is buying. I have over $200 in 90% silver coin and offered it out a smidge below melt at 30x face delivered with no interest. I sold all my ASE's and silver dollars at a premium over melt. Is 90% silver coin unpopular? >>
90% silver normally sells at 5%-10% below melt (net)... You're being to optimistic if you think you can get melt. Anything close to melt, consider yourself lucky. On the other hand, your 90% will sell above melt on eBay, but don't forget the fees.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Comments
<< <i>that all good and all but.....just put cash in pocket...spend it when needed....makes no sense to put money in bank where it makes no money anyhow.
its not income I would think it would be a capital gain ..no? and that would be only 15% yes?
and who...really who does this ? you all can say you do but I do not believe it one bit...were talking physical now not paper silver.
I refuse to give the Gov. one penny that they do not deserve so they can piss it away on some ( in Algores own words ) bull ship!
if your a "stacker" you stack for that day......if you "invest" then play the game.
no one need know what I do........well untill now.............but prove it. >>
A capital gain is income. Cash is good, but for everything else swim at your own risk. I pay taxes. Whether you believe it is irrelevant. What does matter is the IRS believes it. To me the consequences of not doing so are not worth the risk. Risk analysis does not only apply to investing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Going back to the op's title. I'm selling, But who is buying. I have over $200 in 90% silver coin and offered it out
a smidge below melt at 30x face delivered with no interest. I sold all my ASE's and silver dollars at a premium
over melt. Is 90% silver coin unpopular?
<< <i>Going back to the op's title. I'm selling, But who is buying. I have over $200 in 90% silver coin and offered it out
a smidge below melt at 30x face delivered with no interest. I sold all my ASE's and silver dollars at a premium
over melt. Is 90% silver coin unpopular? >>
I have someone who'd be happy to buy $100 face worth of that. Better price than my local guy.
roadrunner
A capital gain is income. Cash is good, but for everything else swim at your own risk. I pay taxes. Whether you believe it is irrelevant. What does matter is the IRS believes it. To me the consequences of not doing so are not worth the risk. Risk analysis does not only apply to investing. >>
don't get me wrong..I render onto...but .
I'm a 90% silver guy myself and most if not all was acquired from pulling it from circulation back in the day when it was just face value.
now ..if the Gov. wants to go and screw up the monetary system and make my cash worthless I feel the coin I turn in is just worth what it should be. that's all.
Barrytrot(2),Stupid,Savoyspecial,docq,ecoinquest, halfhunter,snman,Coll3ctor.
wondercoin. Blue594. internetjunky.
keepdachange. Scrapman1077.Ahrensdad, mrmom, mygrandeoso, blu62vette, Clackamas,giorgio11, adriana, cucamongacoin,
<< <i>its not income I would think it would be a capital gain ..no? and that would be only 15% yes? >>
PM profits are capital gains - but are taxed at the "collectible" rate of 28%.
<< <i>So if it hits $2500/oz will anyone wish......."if I only knew"
if?
If I only knew then what I know now.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Heh, I say that about alot of things.
I knew it would happen.
<< <i>
<< <i>
<< <i>I walk into my local b&m (or whatever) plop down my silver/gold and ask....how much? if I agree he hands me CASH I walk away...pretty simple.
now if I'm buying I just reverse said rule.
what tax do we speak of.............
call me crazy but I thought that was the whole reason for holding physical. >>
We speak of capital gains tax that the IRS says is owed on all income. When you sell you have income. Bullion is taxed as a "collectible" at the 28% rate. You get to reduce the income by your cost. Save purchase records. A lot of people don't claim the income. Any sale done with the computer (ebay) or deposits of money into the bank leave a trackable trail to your income. Best to review the IRS site on capital gains and at least know the rules. Swim at your own risk. Me, I just give them their share and sleep better. >>
that all good and all but.....just put cash in pocket...spend it when needed....makes no sense to put money in bank where it makes no money anyhow.
its not income I would think it would be a capital gain ..no? and that would be only 15% yes?
and who...really who does this ? you all can say you do but I do not believe it one bit...were talking physical now not paper silver.
I refuse to give the Gov. one penny that they do not deserve so they can piss it away on some ( in Algores own words ) bull ship!
if your a "stacker" you stack for that day......if you "invest" then play the game.
no one need know what I do........well untill now.............but prove it. >>
I do. I pay unto to Ceaser what is due to him. Just because you don't pay the taxes you're supposed to doesn't mean no one else does. If you'd like, I can show you my 1040 from last year which absolutely showed capital gains on physical pm's that were bought and sold.
Maybe the rate wouldn't have to be as high as 28% if everybody paid their fair share.
>
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<< <i>Going back to the op's title. I'm selling, But who is buying. I have over $200 in 90% silver coin and offered it out
a smidge below melt at 30x face delivered with no interest. I sold all my ASE's and silver dollars at a premium
over melt. Is 90% silver coin unpopular? >>
90% silver normally sells at 5%-10% below melt (net)... You're being to optimistic if you think you can get melt. Anything close to melt, consider yourself lucky. On the other hand, your 90% will sell above melt on eBay, but don't forget the fees.