Like almost anything you do involving money, investing in precious metals is an activity subject to taxation. This page is a reference guide on how to report capital gains to the IRS and other relevant taxing authorities when you sell your bullion. Now, there are a few things to mention upfront. For one thing, this...

Precious metals investors usually keep their investments in coins, bars, or rounds. However, what should you do if you’ve got a piece of silver that doesn’t fit into these categories? Let’s say that you’ve inherited some silverware or jewelry from a passed relative. Well, what you have on your hands is a piece of “scrap”...

Key Takeaways: Gather documentation, know the current bid price, and understand purity before selling your gold. Choose the right selling channel—online buyers, dealers, jewelers, pawn shops, or auctions—based on your priorities of speed, value, or expertise. Watch out for risks like scams, lowball offers, and sales pressure, and remember that profits from gold sales are...

Costco entered the precious metals business in 2023 when it began to offer gold bars to its members. Due to the tremendous success of that offering, Costco expanded and began selling silver coins and bars in January 2024. Costco members have responded by snapping up the shiny white metal in droves. When the retailer combines...

If you own silver coins, you might not realize that you have options beyond selling them as they are. One of these options is selling your silver coins for their melt value. Melt value allows you to sell purely for the silver content of the coins, rather than their brand or historical reputation. However, it’s...

Costco entered the precious metals market in 2023 when it began offering gold bars. Quickly, the retail giant became one of the biggest dealers in the marketplace with sales of roughly $200 million per month entirely with the gold bars. With gold prices reaching all-time highs, many investors are eager to cash in on their...