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Offline TomBBTopic starter
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« on: May 27, 2009, 04:11:33 pm »
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 Undecided

I always wanted to know if you found a treasure of gold bars how to cash it in? If you take it to a bank they will want to know where it came from and taxed (the tax part is always a given,I dont mind). So your dead in the water if you dont want them to know where it came from. I just always throught you could take it across the Mexico boarder and trade it for paso money order (under 2,000 at a time, right) and then exchange it for us money. any other ideas? beside giving it away?

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Offline Christian
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« Reply #1 on: May 27, 2009, 05:25:58 pm »
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Hello Tom,

well, if you have legally obtained the gold you can sell it to just about anyone who is willing to pay you a good price. This might be a bank, a dentits Smiley, jeweller or many more. Infact the gold bar might be worth even more than its actual weight suggest for being an item of possibly historic importance. Think e.g. of a gold bar from a historic Spanish shipwreck.

Well if you obtained the gold bar from some other source / in a different way then your best bet would be to cut or melt it into many small pieces and bring them to different pawn shop or shops that buy old gold.

Regards,

Christian

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« Reply #2 on: September 28, 2009, 10:44:29 am »
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Christian - you're the best!  Two differing strategies dependent upon whether it was obtained legally or not!  I love it! 

Ok, let's say you collected it from a shipwreck site that you shouldn't have been searching because someone else has claim rights to search that wreck.  The source can probably be identified by a professional or serious collector, so be careful in selling it.  It would be a terrible shame, however, to melt down or cut up anything of historic significance, because that's a huge part of the item's value.

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Offline TomBBTopic starter
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« Reply #3 on: June 09, 2010, 11:17:29 am »
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Ok, Let not freak out here.
But suppose someone hound some gold dust and a few coins (gold) in the Smokey Mountain National Park. Ho , say two small bags of dust and a handful of gold coins, not much, but enough to just really think about what a guy should do., because you know that the Fed will take it. Take half and leave half for a later find or what?   Teach

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Offline zul32
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« Reply #4 on: June 09, 2010, 11:21:26 am »
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I'd think that the gold dust could easily be traded in for the current market value. The coins is another situation though.

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« Reply #5 on: June 09, 2010, 12:58:36 pm »
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My .02 in clad:

Most coins and most gold bars will be worth significantly more as a piece than you will be able to get from gold weight in itself.

Unless there is another reason you would wish to melt the piece, then you go with melt weight.

In the 1800s, and up to present day, "bandits" and the like would melt down identifiable pieces of jewelry, bars and coin to prevent them been recognized, and sell them that way.

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« Reply #6 on: June 09, 2010, 01:01:16 pm »
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Quote:Posted by TomBB
Ok, Let not freak out here.
But suppose someone hound some gold dust and a few coins (gold) in the Smokey Mountain National Park. Ho , say two small bags of dust and a handful of gold coins, not much, but enough to just really think about what a guy should do., because you know that the Fed will take it. Take half and leave half for a later find or what?   Teach



How are the Feds going to know where it came from in order to confiscate it unless someone has problems with his/her mouth or was observed removing it from someplace they should not have been?   If you know the Feds are going to take it the first time, what makes you think they won't be watching to take it the second?  The more time you you spend at the (forbidden) well, the more likely you are to be noticed.

speaking purely hypothetically, though.

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Offline Homefire
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« Reply #7 on: June 09, 2010, 04:35:31 pm »
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Just sell the stuff cash on the barrel.

What's the Problem? Wise



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Offline TomBBTopic starter
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« Reply #8 on: June 10, 2010, 11:15:24 pm »
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To who, is the question. Have you tried to sell, say 5 grand in coins and not be noticed??   Idea

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Offline BitburgAggie_7377
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« Reply #9 on: June 10, 2010, 11:23:35 pm »
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are you talking face value, or current market value?   If the latter you aren't necessarily talking a lot of coins which makes a few discreet transactions a relatively simple matter.  If the former, then spread the transactions out in time and space, but that doesn't mean you don't recover the original cache at one time (even if it is just in order to move somewhere that you have more control of).    Like everything else in this hobby a little bit of common sense will take you a long way towards reaching your goal.

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