"stranded" Silver In 40% Kennedy Half Dollars: The Junkiest Kind Of "junk" Silver

To participate in the forum you must log in or register.

Author	Replies: 16 / Views: 3,590	Page: of 2

CoinHunter53562 Pillar of the Community United States 2049 Posts	Posted 02/20/2024 09:31 am Quote: The OP said 100 40% halves. At $3-4 each, that is under your $600 line for a 1099K tax form. I thought for 2024 that line was much higher because people put up such a fuss? I have never filed a 1099K, so I don't know what you can write off against the sales. Does ebay issue the form based on your top line sales or based on your bottom line payouts? At any rate, if you are doing CRH for fun, you are already enduring gas money, occasional short rolls, and other minor costs for the hobby. I don't know how practical it would really be to hunt 40% silver as a business because most banks don't even seem to have Kennedy halves with any reliability. True - only 100 40% halves, but if he is selling other things online then it can quickly and easily put him over the threshold. I am not aware of any change to the $600 reporting threshold but maybe someone else can chime in. I merely made my post to point out to anyone reading that there's a lot more to it than just some small shipping charges and ebay fees just in case they think they can turn it into a side hustle. I agree that there isn't enough profit to make a business out of it or even for someone thinking that there's going to be enough hits/profit to do this as a reliable 2nd source of income. Report this Post to the Staff
	Replies: 16 / Views: 3,590	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.14 seconds to rattle this change.