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    jammy23's Avatar
    jammy23 Posts: 545, Reputation: 0
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    #1

    Oct 6, 2016, 01:37 PM
    Pure silver eagle dollars
    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's Avatar
    joypulv Posts: 21,593, Reputation: 2941
    current pert
     
    #2

    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's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #3

    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's Avatar
    jammy23 Posts: 545, Reputation: 0
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    #4

    Oct 6, 2016, 07:47 PM
    Quote Originally Posted by ma0641 View Post
    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's Avatar
    catonsville Posts: 894, Reputation: 91
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    #5

    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/
    1. Cached


    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's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #6

    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's Avatar
    jammy23 Posts: 545, Reputation: 0
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    #7

    Oct 9, 2016, 04:11 PM
    Quote Originally Posted by ma0641 View Post
    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)

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