Would you add some pre 1933 gold to your stack?

BBN · September 28, 2015 6:17AM

I'm thinking in the lines of certified $5 coins that have defects marked "genuine" by PCGS or another reputable company? The reason why I ask is the gains on these are not taxable. Is that correct? My local B&M dealer had a common date marked genuine by PCGS for $325. Would you, or would you not, recommend this strategy? Simply because of tax purposes.

*edit*
One other question. Is it worth the premium to buy graded MS63-64 for investment purposes long term. I guess that's a metter of perspective? Get the benefit of a collector's bug being satisfied and investment?

jclovescoins · September 28, 2015 6:31AM

What makes you think the gains are not taxable?

rawteam1 · September 28, 2015 7:01AM

<< I'm thinking in the lines of certified $5 coins that have defects marked "genuine" by PCGS or another reputable company? The reason why I ask is the gains on these are not taxable. Is that correct? My local B&M dealer had a common date marked genuine by PCGS for $325. Would you, or would you not, recommend this strategy? Simply because of tax purposes.

*edit*
One other question. Is it worth the premium to buy graded MS63-64 for investment purposes long term. I guess that's a metter of perspective? Get the benefit of a collector's bug being satisfied and investment? >>

It's real simple, you shouldn't in anyway be involved in this type or any pm type of "investment", if your are a collector then by all means enjoy, and stay one...

BBN · September 28, 2015 7:06AM

<< What makes you think the gains are not taxable? >>

I may be thinking wrong, but I thought profits from coins is not taxable

<< 
It's real simple, you shouldn't in anyway be involved in this type or any pm type of "investment", if your are a collector then by all means enjoy, and stay one... >>

Do you mean invest in PMs? If so, are you looking in long terms as these being a simple protection against loss or you just don't do bullion at all? Or, another question. Do you mean keep your hobbies and investments as two completely separate things?

PerryHall · September 28, 2015 7:22AM

Profits from the sale of collectable US coins are most certainly taxable. Why would you think otherwise?

BBN · September 28, 2015 8:22AM

<< Profits from the sale of collectable US coins are most certainly taxable. Why would you think otherwise? >>

Never mind. I got confused between profit and sales tax. Just occurred to me.

With that said, does anyone have a strategy of what I mentioned below or are your numismatic collections and PM stacking a separate purpose?

<< One other question. Is it worth the premium to buy graded MS63-64 for investment purposes long term. I guess that's a matter of perspective? Get the benefit of a collector's bug being satisfied and investment? >>

Timbuk3 · September 28, 2015 8:37AM

I've collected both bullion gold and
numismatic gold. I been very happy
with my results !!! :-)

BBN · September 28, 2015 8:48AM

Thanks. I guess my concern is the exorbitant premium with nicely graded coins. I get the premium for BIN prices on ebay. Fees take much of that blame. They just don't seem to be moving at those prices.

mrearlygold · September 28, 2015 11:53AM

Why not buy a roll of raw $20 libs in VF ? Sometimes the buy premiums are below spot ( not right now though, spot at $1127. )

BUY/SELL INDICATIONS FOR UNCERTIFIED GOLD
Jewelry VF XF A B
$1 TYPE 1 0/225 0/235 0/245 0/260
$1 TYPE 3 0/250 0/260 0/275 0/295
$2.5 LIBERTY 0/285 0/295 0/310 0/325
$2.5 INDIAN 0/270 0/280 0/295 0/310
$3 GOLD 0/0 0/0 0/0 0/0
$5 LIBERTY 0/349 0/356 0/366 0/385
$5 INDIAN 0/375 0/383 0/413 0/436
$10 LIBERTY 0/629 0/639 0/652 0/667
$10 INDIAN 0/662 0/673 0/710 0/726
$20 LIBERTY ** 0/1,285 0/1,295 0/1,305 0/1,320
$20 SAINT ** 0/1,300 0/1,310 0/1,320 0/1,335

Lot of fun playing flipsies with raw double eagles plus you'll

and want to go and buy another roll afterwards

derryb · September 28, 2015 12:18PM

Stack these at just under spot using 5X ebay bucks

TwoSides2aCoin · September 28, 2015 3:46PM

If you're stacking and you make a profit on your stack, it's taxable. ( Either as income or capital gains)
No need to add pre '33 coins to your stack. They're collectible coins and if you can buy them below FMV, you can do well in this environment, but I would avoid "genuine" and try for AU to MS (generics) Those are common dates with a little premium added.
I think you will enjoy numismatics more than bullion. Avoid the term "stack" and think "Stacks". It goes with Bowers.

TopographicOceans · September 28, 2015 4:02PM

I'd wait until gold drops below $900

ricko · September 28, 2015 11:41PM

<< I'd wait until gold drops below $900 >>

Looooooooonnnnnngggggggg wait......

Cheers, RickO

Would you add some pre 1933 gold to your stack?

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