Buying Precious Metals - Part 4 of 4
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Richard, I love ALL of your books and videos, and I'm over 60!
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@ryanc1964....sell your bullion on ebay...or craigslist
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Ryan--I am guessing that you were listed as an heir in the will and therefore your price basis would be the date of the decedent's death...that's when the coins became yours. If you want to evade the capital gains taxes, I have no advice.
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ebay
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I inherited some gold and silver bullion coins in 2003. I tried to sell them to a coin dealer but he asked for my ss# and I asked if I'd be required to pay taxes on the transaction. He said 'what do you think?' I have no receipts, so I can't calculate a capital gain. I also went to a pawn shop, but they wanted my photo and fingerprints. So I am 'stuck' with these coins and I don't know what to do with them.
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isnt india making a run for the exit by buying 400T of gold recently???
why didnt that triger a rush by china?
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If you watched this video and paid attention Mr. Maybury also said numismatic coins are NOT for investment but rather are for collector value. Maybury recommends "junk silver" which consists of U.S. coins, dimes, quarters, and half dollars, BUT they are either worn to the point they don't have any collector value or they are of such a common year, mint, etc., that their only value is the silver content or both of the above reasons.
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Watched all of your 4 videos. I was thinking about buying some gold,silver but knew nothing about precious metals. I must say now I know a heck a lot more than the average person. Thank you for sharing your knowledge so generously.
warbuff1 2 years ago 6
I like the candidness of the video(s). Thanks for posting.
doc7474 2 years ago 3