Close X
(0)
Your Shopping Cart is Empty

There are two possible reasons you are seeing this message:

1. You Have Not Added Items to Your Shopping Cart

If you pressed the Shopping Cart button without having added any items to your cart, please return to our product pages and add items by clicking the Add to Cart button next to the item you wish to purchase. You will then be able to view items in your cart.

2. Your Web Browser is not Accepting Cookies

Your web browser may be configured to refuse cookies, or you may have manually refused to accept the cookie when prompted.Please check your browser settings to be sure that it will accept cookies.

Need Assistance?

Austin Rare Coins is here to help you from 9am till 9pm central time, seven days a week.

Call 1-800-928-6468

If this problem continues, please send the details to sales@austincoins.com and we'll do all we can to fix it.
How To Buy Gold      Sell Your Gold      Live Gold Prices      Free 2012 Gold Profit Report     


Live Gold Prices
 •Gold Charts
•Historical Gold Prices

Shop for Gold Coins
 •Today's Best Gold Buys
•Pre-1933 U.S. Gold Coins
•American Eagle Gold Coins
Learn More About Gold
•How to Buy Gold Coins
•Add Real Gold to Your IRA
•Online Gold Buying Guide
•Free! 2012 Gold Profit Report

 Click for BBB A+ Review
Verisign Secure

CUSTOMER TESTIMONIALS
"The company was very helpful and went the extra mile after the sale. Not only did I get an email confirmation but also a phone call.... I have never gotten this great of “after the sale” treatment. I am recommending this company to family and friends."
–Michael T. of Kapolei, Hawaii
More from our clients...

Gold Information Network
The Gold Bullion Division of
Austin Rare Coins, Inc.
10800 Pecan Park Blvd.
Austin, Texas 78750

Broker Reporting to the IRS


Here's a list of Coins required by Brokers to be reported to the I.R.S. when we purchase back from you. We are reproducing below the report issued to Brokers by I.C.T.A., the Industry Council for Tangle Assets which is the leading precious metals industry association relating to government standards and requirements.

The basis of ICTA's negotiations with the IRS on Broker Reporting was to achieve a fair, reasonable, and consistent minimum threshold for reporting. The resulting Revenue Procedure (Rev. Proc. 92-103) defines "Excepted Sales".

While it may not spell out every specific instance that requires reporting, it is ICTA's understanding and was the spirit of these negotiation that the following are those items to be reported under the new regulation:

Reportable Item Minimum Fineness Minimum Amount*
Gold Bars .995 Any size bars totaling 1 Kilo (32.15 troy ounce) or more.
Silver Bars .999 Any size bars totaling 1000 troy ounces or more.
Platinum Bars .9995 Any size bars totaling 25 troy ounces or more.
Palladium Bars .9995 Any size bars totaling 100 troy ounces or more.

Gold 1 ounce Maple Leaf as minted 25 1-ounce coins.
Gold 1 ounce Krugerrand as minted 25 1-ounce coins.
Gold 1 ounce Mexican Onza as minted 25 1-ounce coins
U.S. 90% Silver Coins as minted, any combination of dimes, quarters, or half-dollars totaling $1,000 or more.
*For bars, any hallmark regardless of whether that hallmark is accepted as "good delivery" on any of the commodity exchanges.


CAUTION: While a stricter interpretation of the regulation is possible,  ICTA believes the above guidelines to be those which fulfill the spirit of the negotiations and the intent of the Internal Revenue Service which is to identify "investment level" or other substantial transactions that could generate taxable profit. Though the information provided herein is based on ICTA's discussions with the Internal Revenue Service, others may differ with ICTA's interpretations of these regulations. ICTA strongly cautions that  alternative interpretation may not fulfill the requirements.

This information is provided to assist you and is not intended to be used by you as the sole guidance for complying with these regulations. You should  consult with your tax professional.