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jammy23
Oct 6, 2016, 01:37 PM
Does it pay to hold on to silver coins any longer? I have them for a few
years and the value has gone down. They are untouched or unused...
Do I have to pay taxes on them if I sell them. About $1,500 worth

joypulv
Oct 6, 2016, 04:09 PM
You pay taxes on profits. If you sell them at a loss, you take a loss or don't bother to mention them.

I sold about that much recently, just because ebay had a promotion on fees. If I could predict the future, I'd be rich, of course.
(I wouldn't sell them at a loss if I were you.)

ma0641
Oct 6, 2016, 07:31 PM
They are untouched or unused... Did you buy them as uncirculated?
Doesn't mean much. Are they Proof?

jammy23
Oct 6, 2016, 07:47 PM
They are untouched or unused... Did you buy them as uncirculated?
Doesn't mean much. Are they Proof? I don't know what proof means
I bought them from Amex or some name like that. They are definitely untouched

catonsville
Oct 6, 2016, 07:58 PM
Proof Coins vs. Uncirculated Coins - Production, Appearance, and Value

https://www.jmbullion.com/investing-guide/types... /proof-vs-uncirculated-coins/

Cached (https://webcache.googleusercontent.com/search?q=cache:vjl-DDFllgsJ:https://www.jmbullion.com/investing-guide/types-physical-metals/proof-vs-uncirculated-coins/+&cd=3&hl=en&ct=clnk&gl=us)


Proof coins, on the other hand, are struck twice. The difference in the production process is a more , intricate and shinier appearance in Proof coins.

ma0641
Oct 9, 2016, 09:36 AM
Untouched is not a numismatists term. They are either Circulated, uncirculated ( mint) or proof. Are they in cases? Did you get a certificate with them?

jammy23
Oct 9, 2016, 04:11 PM
Untouched is not a numismatists term. They are either Circulated, uncirculated ( mint) or proof. Are they in cases? Did you get a certificate with them? yes I did. They are uncirculated (mint)