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

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.)

They are untouched or unused... Did you buy them as uncirculated?
Doesn't mean much. Are they Proof?

Quote:

---

Originally Posted by ma0641

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

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.

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?

Quote:

---

Originally Posted by ma0641

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)