In a news release received on May 28, the Professional Numismatists Guild cautions, if you’re purchasing modern precious metals coins strictly for their silver, gold or platinum content, beware of significantly overpaying simply because the coins may be housed in fancy holders or accompanied by autographs of celebrities or the coins’ designers.
“The personal finance market is filled with slick advertisements touting gold bullion coins labeled with a superb grade or in holders with decorative, autographed inserts. These may be fine collectibles for some, but you could pay more than twice the value of the precious metal content of the coin
Category Archives: investment metal bullion and investment coins
West Virginia to end sales taxation on gold and silver
Many argue that purchasing bullion coins, like this $50 gold Buffalo, is no different than “purchasing” two ten dollar bills with a twenty dollar bill at the bank. (Image courtesy of The United States Mint)
By unanimous vote on March 8, the West Virginia Legislature approved Senate Bill 502, originally introduced by Sen. Craig Blaire (R-Martinsburg), which called for the exemption of taxation on sales of investment metal bullion and investment coins