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wonder how much the government will take

Steve

Well-known member
taxing legal currency is a touchy issue.. small amounts and private sales are seldom looked at..

coin dealers with store fronts often charge sales tax,.. or at least try to..

federally you are not being taxed on the coin but the capital gain or increase in value .. so what ever the capital gains tax is at time of sale would be the federal cut...

Treasure Troves Laws Vary Widely


The basic laws governing the recovery rights and ultimate ownership of treasure troves vary widely, both here in the United States and elsewhere in the world at large. Here in the U.S., the states themselves appear to have the most control over treasure trove laws but in every instance of treasure trove recovery, the Federal government is always close at hand, particularly the Internal Revenue Service (IRS). The IRS views all treasure recoveries as part of your gross income and therefore must be claimed as such.

not sure what California's laws are but I am sure they want to get their fingers in the cookie jar as well...
 
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