Foreign PM Coins: Problems With Taxes?
Has any one had experience with selling foreign precious metal coins? I ask because a friend of a friend stated that he was told not to buy foreign precious metals in the form of coins because of extra taxes you would have to pay once you sell them because of their foreign origin. I did not enquire further as I had a full house in hand and was debating if I should raise or call.
Is this true or a bunch of bologna? I have used YHOO and GOOG to try to solve this question. I checked the IRS website and can see no metion of it.
This subject piqued my interest because I have been thinking about adding some physical silver to my holdings. APMEX has some Mexican silver coins that I think are fascinating.
I thank you in advance for your input.