Comments for Coin Collector Guide

Comment on Seated Liberty Dollar by Carol

Carol — Tue, 24 Jan 2012 00:35:06 +0000

Hi. I have a silver dollar coin of Seating Liberty dated 1844 -the lady is looking to the left holding a flag. On her right side her right hand is touching a shield which says very clearly liberty. On the other side of the coin, opposite is a picture of an eagle with the words ONE DOL. below it. There are no marking at all. so I am assuming this was minted in Phila. Everything is very clear to read, not worn at all. The only problem is there is a hole right below the ONE DOL. marking with a string going through this – as it must have been worn by someone. This has not been cleaned. Is this coin worth anything? Also, puting holes through coins – was this something they did back then.
Thank you so much.

Comment on Seated Liberty Dollar by mae

mae — Sun, 22 Jan 2012 03:58:24 +0000

I have a 1851 dollar coin Indina head that is not silver is it real

Comment on Don’t Waste Your Money on Gold and Silver! by CoinCollector

CoinCollector — Sat, 21 Jan 2012 19:28:17 +0000

When you sell silver bullion, the IRS taxes you on the amount of money you make from the sale. To calculate a capital gain, you subtract the original amount you paid for the bullion from the total amount for which you sold it. A positive amount results in a capital gain, and a negative amount results in a capital loss. If you inherited the silver bullion, you use the fair market value of the metal and subtract that from the total amount for which you sold it.

From: Income Tax Consequences of Selling Silver Bullion ehow.com/list_7454178_income-consequences-selling-silver-bullion.html

Comment on Seated Liberty Dollar by Austen

Austen — Sat, 21 Jan 2012 05:46:57 +0000

I have a 1856 seated liberty and under the eagle there is an “o”. I’ve been looking around on the net and i can’t find any 1856 with an “o”. Is this a fake or is just really rare?

Comment on Don’t Waste Your Money on Gold and Silver! by Rob

Rob — Fri, 20 Jan 2012 18:13:54 +0000

Can anyone give me info on the tax implications of purchasing bullion versus circulated coins?

Comment on Don’t Waste Your Money on Gold and Silver! by Anna

Anna — Sun, 15 Jan 2012 18:03:15 +0000

Gottcha.research is important.and everyone is glad when u post things like this.they are informative.

Comment on Don’t Waste Your Money on Gold and Silver! by CoinCollector

CoinCollector — Sun, 15 Jan 2012 18:02:23 +0000

Not the ones that I am talking about. They charge way too much and they pay very little. I am not talking about eople trying to make an honest living and making a little bit too. I am talking about those companies that advertise on TYV on news programs especially and they tell you that the economy is going to bust and you better buy gold. They are crooks and nothing at alkl good in them. That is who I am trying to warn folks away from. You’d need to read the article to see what I mean

Right now you could pay anywhere from 31.66 to well over $100 for 1 ounce of silver depending upon who you buy from (actual prices not just guesses). That is why it is important to read and learn and compare before buying. The same is true for gold but on a higher scale. If you pay too much then if you ever decide to sell you will lose big time. Imagine paying 85.00 for an oz and then silver doubles and you find you can only sell for about $60… that is what happens to many many people

Comment on Don’t Waste Your Money on Gold and Silver! by CoinCollector

CoinCollector — Sun, 15 Jan 2012 18:01:58 +0000

Silver IS certainly a good investment. My point here is that you have to be careful where you buy it and try to get it as close to the spot value as you can. Any extra above spot that you pay is considered a premium.

Gold and silver are both among the very best investment items a person can have but there are a lot of profiteers and shysters out there who try to convey the image that they are helping you plan for your future while they are actually ripping you off for huge premiums.

It would be a rare occasion when a person was able to obtain gold or silver right at spot value. You do expect to be some premium margin but it must be reasonable or you will have offset any future profit potential. Would you rather pay $8 above spot for an ounce of silver or $50 more? It can be that dramatic when you purchase from the wrong places.

Comment on Don’t Waste Your Money on Gold and Silver! by Anna

Anna — Sun, 15 Jan 2012 18:01:21 +0000

I think they can be still helpful if you have some things to sell.they have to make something too.Its nice to have a friend that buys and sells tho because even tho they have to make money too they are trust worthy to not keep too much for themselves.lol

Comment on Don’t Waste Your Money on Gold and Silver! by Brenda

Brenda — Sun, 15 Jan 2012 18:01:05 +0000

and those treasure hunter going from state to state!! they rip you off!