SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : ClownBuck Deathwatch

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cactus Jack who wrote (274)12/28/2005 1:24:20 PM
From: Tommaso  Read Replies (2) of 329
 
The Krugerrands are alloyed with a little brass and while that makes them tougher, they are not valued quite as highly as the .999 purity bullion coins.

My problem with any of these is when and how to sell them. I guess I could just send them certified mail to Kitco, and some people sell them on eBay. There is no active bullion-coin dealer where I live. I have thought about putting them in a secret corner of my car and selling them while on a trip to Canada--or taking them in hand luggage on a plane trip. I guess the latter is legal as long as it's less than $10,000 worth or if you declare them, and they wouldn't look like anything dangerous to airport security. Every time I ask for true anecdotal accounts of disposing of bullion coins, I seem to get answers that are in some way not really satisfactory. What I want is "I took ten maple leafs into [specific bank in specific city] and exchanged them for local currency at [specific rate], and had to present [specific documents] and provide this [specific information], and the transaction was reported [specifically]."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext