tax question

Discussion in 'Numismatics' started by serial, Jan 25, 2013.

  1. serial

    serial Well-Known Member Silver Stacker

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    now lets just say theroretically i buy 100kg of 1 and 2 cent pieces for $300
    from that i get 200 coins that i can sell on ebay for $10 ($2000) and sell the rest for $1000
    do i have to pay tax on that or declare it?
    if so does that still apply if instead of taking the $$$ out of ebay i just use my paypal account to purchase other things such as coins, silver etc so in actual fact i am not making money just "swapping stuff"
    thoughts
     
  2. serial

    serial Well-Known Member Silver Stacker

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    cool thanks for the links as well
    btw where did you get the figure $10k?
     

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