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Cash for Gold USA, an established gold buyer, is a top choice for selling your gold items. They offer competitive rates for a wide range of gold items, including jewelry, scrap gold and gold coins.
Aim to get 90 to 95% of the spot price when selling gold bars or coins, and 70 to 80% of melt value for jewelry and other items. A karat is a unit of measure for the fineness of gold. For example ...
In any case, the short answer to all this is that you will have to pay taxes on profits you earn from selling gold coins. If you sell your coins to a coin and precious metals dealer, the IRS will ...
The limitation on gold ownership in the US was repealed after President Gerald Ford signed a bill to "permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad" with an act of Congress codified in Pub. L. 93–373, [22] [23] [24] which went into effect December 31, 1974.
Elsewhere in Europe though, Norway has exempted both gold and silver bullion coins with face value from VAT; Norway is part of the wider EEA (European Economic Area) and thus applies the same "intra-community transaction" rules to all of Europe on a bilateral basis resulting in legally tax-free silver coin availability throughout all of Europe.
For one, you can just avoid selling the gold altogether. Hold onto it longer, and allow it to keep appreciating. "As long as nothing is sold, there are no taxable events," says Michael Chadwick ...
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