> I have about 300 silver eagles I bought a decade ago. <
For the sake of argument, let’s say you decided to sell them to a dealer tomorrow. Does a copy of the sales agreement go to the IRS? And if so, do you have to prove your cost basis?
Anyone here know?
No.
And if so, do you have to prove your cost basis?
Only if you're audited. As far as reporting capital gains to the IRS, you're on your honor when you fill out your taxes.
A silver eagle is legal tender at $1 ea., right?
Don’t know but I think they changed the reporting rules of a sale to a lower amount.