Convert Scrap Gold To CASH and/or Bullion | Sneak Peek Of Next Week's Sale!

Convert Scrap Gold To CASH and/or Bullion | Sneak Peek Of Next Week's Sale! #Trending
Serving central Florida for over 8 years, Vermillion Enterprises is Spring Hill, Florida's premier coin shop and gold dealer. Always buying and always selling coins and precious metals like silver, gold, platinum, palladium, and rhodium.
Give Vermillion Enterprises a call at:
[phone]
Visit our Spring Hill coin shop, located at:
5324 Spring Hill Drive
Spring Hill, Florida 34606
Monday - Friday: 9AM - 4PM EST
Saturday: 9AM - 2PM EST
Sunday: Closed
To learn more about Vermillion Enterprises visit our website at:
vermillion-ent...
Shop our new online coin shop at:
springhillcoin...
Must Know Formulas For Silver & Gold Stackers:
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Payment Via Cash, Check, Wire, Zelle.
#JunkSilver #Gold #Silver #Cash #VermillionEnterprises #Vermillion #SpringHill #Florida #AmericanGoldEagle #SilverEagle #SilverBar #SilverOunce #Kitco #Apmex #Coin #MorganSilverDollar #SilverDollar #PeaceSilverDollar #Krugerrand #MapleLeaf #Cashforgold #JMBullion #SilverTowne #Engelhard #Platinum #Palladium #Rhodium #NGC #PCGS #ICG #ANACS #Currency #investinyourself #silverstacking #silverstack #goldstacking #coinshop #coincollecting #numismatist #numismatic #investing #investor #ideas #knowledge #recession #inflation #smartmoney

[@vermillionenterprises]

Happy Father's Day!

[@billseymourjr5472]

Happy Father's day to you also hope you have a great day. Love the videos keep them coming.

[@72cmcinc]

Have a great weekend and Happy Fathers Day!

[@BudgieBob]

If someone sells silver such as philharmonics and has a capital gain, it's reported on taxes. However if someone trades those philharmonics for gold eagles, are there any capital gains tax consequences or not because it was a trade and not cash? I would think there are no tax issues until that gold would be sold down the road? I'm curious how trades work?

[@vermillionenterprises]

We are not CPAs, I would highly recommend talking to an accountant about this.

[@frankabler]

For tax purposes a trade is considered 1 sell and 1 buy. The sell is obviously taxable.

[@BA-lt2tx]

Taxable and reportable are two different things. All capital gains on any coin sales are taxable. However only some bullion transactions exceeding specific thresholds have to be reported to the IRS by the dealer via a form 1099-B. These thresholds are available on the IRS website and can also be found most online dealers "Help section". Cash transactions over $10K are a separate matter but also have to be reported via a form 8300. For tax purposes there is no such thing as a trade as @frankabler stated: it is a sale and a purchase.

[@sulphate3348]

If you trade silver for gold how in the world would the feds have any say in that? You are not using their currency.

[@ernesthaefele8414]

What is junk silver premium today

[@HialeahRefugee]

Good to hear and short and sweet