Does APMEX report to the IRS?
Do you report my purchase of Precious Metals to the IRS? APMEX is not required to report our sales transactions to the IRS or any other federal, state or local agencies unless you fall under the Form 8300 requirement.
Is APMEX a reputable company?
APMEX Ratings and Reviews. For over 15 years, APMEX has provided customers with an easy shopping experience they can trust. We pride ourselves on transparency and consider every customer review to be valuable feedback. Check out some of these reviews below and see why we have a 98% customer satisfaction rating.
Are precious metal purchases reported to the IRS?
There are two circumstances in which precious metals dealers are legally obligated to report consumer transactions to the IRS: when a consumer sells reportable quantities of specific bullion or coins; and. when a consumer buys goods from a dealer and pays $10,000 or more in cash for the goods.
Who is APMEX owned by?
Scott Thomas
APMEX
| Formerly | American Precious Metals Exchange |
|---|---|
| Headquarters | Oklahoma City, Oklahoma, United States |
| Key people | Owner Scott Thomas CEO Kenneth Lewis |
| Products | Gold coins and bars Silver coins and bars Platinum coins and bars Palladium coins and bars |
| Website | www.apmex.com |
How much gold can I buy before reporting to IRS?
Gold and silver bars that are 1 kilogram or 1,000 troy ounces require the filing as well. American Gold Eagle coin sales do not require a Form 1099-B filing. 5 The tax bill for all of these sales is due at the same time that your ordinary income tax bill is due.
Does APMEX sell fake?
This is an issue we take very seriously here at APMEX. Counterfeit coins and bars have been passed off as legitimate for more than a decade.
Who are the most trusted silver dealers?
Best Places to Buy Gold and Silver Online
- APMEX.
- Silver Gold Bull.
- JM Bullion.
- Money Metals Exchange.
- SD Bullion.
- Golden Eagle Coins.
- Kitco.
- Silver.com. Based in Dallas, Silver.com is an exclusively online retailer of silver, gold and other precious metals.
How big is APMEX?
Since opening for business with four employees selling Precious Metals out of a small storefront, APMEX has grown to an 80,000 square foot building with more than 200 people on staff. Over the last 15+ years, we have sold more than 130 million ounces of Gold and Silver in more than 60 countries around the world.
Who is the largest bullion dealer?
APMEX
APMEX has been selling gold and other precious metals online since 2000 and has become the world’s largest online gold retailer. With a staff of over 200 and more than 130 million ounces of gold and silver in sales since its inception, APMEX is the industry standard for purchasing gold online.
How much gold can an American citizen own?
Is there any limit on how much gold I can own? No, there are no restrictions on private gold ownership in the United States. You are limited only by your budget and common sense. Do you report my gold purchases to the Government or any one else?
What does APMEX stand for?
About the American Precious Metals Exchange | Direct US Mint Relationship | APMEX.
Are APMEX prices good?
Cons: Higher premiums compared to other online dealers, most sale prices are just ok. Really the only reason why I ever buy on APMEX is because all the other dealers don’t have what I’m looking for. APMEX is seldom the lowest price dealer. However, they make up for it with selection and customer service.
Are APMEX coins real?
Here at APMEX, we spend a great deal of time, money and talent on testing and verifying the authenticity of every single Gold and Silver bar and coin that is purchased on the secondary market.
How many employees does APMEX have?
Is APMEX a mint?
World Mints Since opening for business in 2000, APMEX has strived to offer our customers the largest selection of Precious Metals products.