buying bulk contemporary usa silver dollars? plus bulk usa gold coin questions

steveh | 3/23/2017 | steveh

[SteveH]

hi, wondering what the most economical way to go is for buying bulk contemporary usa silver dollars.

i got quoted a price of $20/silverdollar at a local jewelry store, quantity 100, immediate inventory. apparently a common unit of purchase is a 100 silver dollar bag. i would request the dollars be placed in plastic containers. very important: the plastic containers must not interact with the copper in the coins to produce a green patina. the reason for storage in rolls is to permit easy placement into flat style safety deposit boxes.

should i go with 1, 2, 3, or more bags?

i plan to make separate purchases for gold dollars.

is there still a requirement to notify the IRS for these types of purchases? especially larger gold purchases.

in california, apparently there is a minimum $1500 purchase price to avoid state sales tax.

i bought gold coins in the early 1990s, gradually spending them by the end of that decade. i surprised myself by making out quite well on gold investing (only about 20-30 $20 piece sized krugerrands, but still a confidence builder)

also would it make more sense to place in a safe deposit box? or a home safe? or in an attic? or some combination (eg, all 3)?

[antidisestablishment]

Melting is generally a bad idea, in general. Cutting coins allows easier identification, but having different denominations is best.