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Replies: 28 / Views: 3,950 |
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Pillar of the Community
1751 Posts |
Denver, what you are working for is the silver value, you should be filing your taxes based off that, not the face value. If you get audited, they will slap you down and straighten you out with some heavy fines and penalties. Also, your employer is breaking the law by paying you like that as it means you and him are not paying into SS, MediCare, SUI, and all the other federal programs.
You'd be smart to take some advice from others here... it doesn't matter if the tellers love you, I learned that the hard way. The tellers don't call the shots, upper management does, and upper management doesn't give two craps about a bunch of entry-level rank and file employees, their job is to protect the bottom line, and you are detrimental to that end. With that said, going to 14 banks a week is nothing, and only ordering at 4? There is no way anybody will clean out an area ordering at that rate. I was ordering 40+ boxes of halves a week (and halves don't circulate) and still finding silver. With a denom that actually sees circulation, you would have to move through probably 100+ boxes a week to make a real dent.
Edited by FadeToBlack 07/18/2013 1:03 pm
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Moderator
 United States
189340 Posts |
Quote: Denver, what you are working for is the silver value, you should be filing your taxes based off that, not the face value. If you get audited, they will slap you down and straighten you out with some heavy fines and penalties. Also, your employer is breaking the law by paying you like that as it means you and him are not paying into SS, MediCare, SUI, and all the other federal programs. True that... http://www.reviewjournal.com/news/e...ng-hard-time
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Pillar of the Community
United States
4333 Posts |
I've been roll hunting for 35 years, and I get burnt out at times. It is a great hobby, but metal detecting is best!
Crh'ing = silver at face Metal detecting = silver for FREE!
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Valued Member
 United States
86 Posts |
It is legal to pay family any wage in the state of colorado to work in your family owned and operated business :)
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Valued Member
 United States
86 Posts |
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Pillar of the Community
United States
3345 Posts |
No in my opinion it's not the best hobby in the world. Fishing is. But I like coin roll hunting. It's fun.
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Pillar of the Community
United States
1599 Posts |
CRH is right up there with turkey hunting!
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Pillar of the Community
United States
4897 Posts |
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Valued Member
 United States
86 Posts |
Well whether I am right or wrong doesn't matter anymore.... I quit working there cause I was sick of watching that guy rip people off... Seriously selling a 1/10 ounce of gold today for 200 dollars... I was like dude you are WAY too greedy and I want no part of it.... But luckily I still have my CRH YAY :).... instead of bringing back 4 boxes of pennies I have decided to go for 8 boxes of nickels daily :)
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Pillar of the Community
United States
2541 Posts |
CRH is the best hobby (in the winter). I've been spending my summer swimming and golfing, so my CRH has been on hiatus. This will hopefully mean I'm fired up and ready to go hard at it once the days grow shorter.
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Valued Member
United States
477 Posts |
"CRH is the best hobby (in the winter)".
Not here in Florida, summer is the time to stay inside.
Rick
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Valued Member
United States
107 Posts |
The law was meant to be broken, especially when it is Uncle Sam always wanting a cut. Tax Evasion is a crime, there is no doubting that. When it comes to commodities though, what appeals to me about them is they're a hedge against the currency our own government is devaluing. If you think I am going to let the government get a cut on commodity exchanges I do, you are wrong. People that hole physical commodities many times are just as skeptical as the government as I am, so I have never had issues trading/bartering/exchanging.
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Pillar of the Community
United States
716 Posts |
In big city yeah it's the best hobby. Many banks around every corner; many coin counting machines for dumping; banks open on Saturday and even Sunday. You can even arrange pick-ups or dumps on your way to work or after work. You can pick up coins on lunch break. If you mess up relationship with one branch you can go to next one. Also the turnover is very big in big city banks because college kids graduate and get a better pay job.
If you live in a small town or village with less than three banks then it's not that a great hobby. You can not dump too many coins; It will not be feasible to do large volume at all. It costs too much for the bank to get boxes of coins from the Fed due to the remote location so the bank will pass the fee to you after a few boxes. When you live in small town you practically know all the tellers and don't want to be "that guy".
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Valued Member
 United States
86 Posts |
THANK GOD I live in a big town.... where there are at least 200 banks within a 10 mile radius :)
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Pillar of the Community
United States
1053 Posts |
My town is full of banks, so no worries here!
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Replies: 28 / Views: 3,950 |
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