Financial Q&A: gold-coin sales tactics and taxes – csmonitor.com

by The Web on December 28, 2008

in Coin Collector Education

My mother-in-law wants to convert some gold coins, specifically American Gold Eagles and Canadian Maple Leafs, into CDs and/or money market funds. How does one convert gold coins into cash in order to do this? What are the IRS reporting requirements?

From high-end jewelers to coin dealers to pawnshops, you'll have little trouble finding buyers for those coins. But to maximize your profit, Alan Olsen, a certified public accountant in Fremont, Calif., with Greenstein, Rogoff, Olsen & Co., offers a few tips:

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