Silver Proof Coin, California Taxes, and the Biggest Cash4Gold Scam Ever!

[supacrazygamer]

You got ripped off because when sliver was low i got 1 oz for 16.00 DOLLARS!!!!!!!

[oak415]

I just cleaned out one of those Cash for Gold stands setup at my local mall on May 17th. They only had 6 to begin with. 1987 Eagles like you, however, they were not Proof and are sandblasted background. I got them for $36 a pop plus tax came out to be a little over $39. They didn't even have air-tites to put them in and just put them in individual zip lock bags.

[BookofNick]

@AgentThis99 "Out-of-the-Box Gold Store" in Palm Desert

[firefox666moll]

uk %20 vat on all silver , plus premium , ps DO NOT OPEN THE CASE,,,,,,,,

[bigk2080]

MA has the same bullshit tax for bullion under $1,000.

[oak415]

@bigk2080 I would take $1000 tax over the the $1500 California will pay anytime. However, you are right, that's still bullshit. Taxing the poor. Should be the other way around. Then maybe these coin shop wouldn't run out of them so fast. Kinda like the limit 2 per customer at a BestBuy when they got a deep discount on electronics.

[jocknomore]

$64.99 at APMEX right now with with box and COA for that exact S proof

[zz911wasInsideJobzz]

You didn't buy anything. You traded Federal Reserve notes for an American Silver Eagle. They are both legal tender currency.

My question would have been: why do I have to pay tax when exchanging one form of currency for another? It's the same concept as paying a tax to convert a $20 into two $10s. I'm no lawyer but I wonder how they would have handled that question.

BTW, congrats on your ASE proof. Even though you had to paid the tax, you got a good deal.

[hooverdog1957]

@zz911wasInsideJobzz I live in Texas where we have to pay sales tax for any bullion purchase under $1000. I agree with your question, but also why do the poorest citizens have to pay a tax while the richest don't. The government is taxing the working man when he is trying to save and protect himself from inflation. Why the common citizen can't see these tricks is totally beyond me. I know the common working guy is usually uneducated because he went to a government controlled public school.

[zz911wasInsideJobzz]

@hooverdog1957 Personally, I think taxes are nothing more than state sponsored theft. I don't believe our governments (local, state, or federal) have our best interests at heart, they're just looking out for themselves. Most politicians have never had real jobs, they just leech off society and have gained incredible wealth and power do so. Just my opinion.

[yettiz420]

Hell yeah good buy!

[mikethebodacious]

Yeah, the case it's in is the original proof container. NICE SCORE!

[BookofNick]

@mikethebodacious Yeah, I actually tried to open the case, and it seems to be sealed.

[mikethebodacious]

@BookofNick You can open the cases rather easy if you take an exacto knife and dig into the edge where the two halves meet and pry up. I would keep it in the case, it's just as nice as an official air-tite :D

[slhines7]

It is definitely a proof (double struck) coin. Very nice coin and know that you got a great deal. I still agree with your main message with the scammers, taxes, etc.

[Silverstack3r]

dude you scored, proof ASE for 41 bucks... nice