Q: My mother-in-law wants to convert some gold coins, specifically
American Gold Eagles and Canadian Gold Maple Leafs, into CDs and/or money market
funds. How does one convert gold coins into cash in order to do this? What are
the IRS reporting requirements?
A: In an unsettled economy, investing in gold coins
becomes more popular. Given that numismatic coins are often more valuable than
bullion alone, this heightened interest is no surprise. The American Eagle, for
example, is the most
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