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
- Rare Coins Bring Tax Benefits
- Sale Of Old Coins Generates Tax On Capital Gains Income
- Taxes On Inherited Coins
- Reportable Bullion And Cash Transations
- IRS Virtual Currency Guidelines
- Reportable Transactions When Buying Or Selling Silver & Gold
- Selling Your Collectibles Can Be Taxing
- When It Comes To Coins, Taxes Shouldn’t Be A Surprise
I’m a roller coaster junkie, a weather enthusiast, a frequent traveler, and a numismatist. 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). I’ve also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, food, and living green… on a budget.
