Have you been hunting for treasure coins?
Make sure you check the tax laws associated with any valuable coins you recover!
If you think not reporting the coins you’ve found on your taxes is no big deal… think again.
A British woman became the first person in the United Kingdom to be prosecuted for failing to report an old coin she found!
Likewise, United States tax laws also apply to found treasure.
Must read: U.S. Couple Finds $10 Million In Gold Coins; Taxes Take Half
More About Coins & IRS Taxes
- IRS Reporting Rules About The Sale Of Gold Coins
- Taxes On Inherited Coins
- Reportable Bullion And Cash Transactions
- Reportable Transactions When Buying Or Selling Silver & Gold
- When It Comes To Coins, Taxes Shouldn’t Be A Surprise
I’m the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I’m also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!
