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Cash for Gold USA, an established gold buyer, is a top choice for selling your gold items. They offer competitive rates for a wide range of gold items, including jewelry, scrap gold and gold coins.
If you want to minimize the tax you pay on the sale of gold coins, it’s best to hold on to them for at least a year and a day to take advantage of the 28% maximum tax rate.
Gold prices are expected to hover around $1,800 per ounce for summer 2022. That’s down slightly from a record high earlier this year, but still tops typical prices. Even better news: The price ...
If you sold physical gold assets — like gold coins, for instance — the tax bill could be even higher. "That's considered a collectible and is taxed at a higher rate," Chancey says.
Under the leadership of Jeff Aronson, the company claimed to pay between 20-80% of the melt value of the items to the seller, [16] though independent reports suggest less than 20% of the value was normal. [17] [18] The norm for the gold-buying industry is for the seller to be paid more than 90% of the value of the gold. [16]
3. ETFs that own gold. If you don’t want the hassle of owning physical gold or dealing with the fast pace and margin requirements of the futures market, then a great alternative is to buy an ...