Reportable Silver & Gold Bullion Transactions

The government requires bullion dealers to report applicable bullion purchases and sales. Some of the types of sales that bullion dealers are obligated to report are:

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• Any gold bars of minimum .995 fineness that are 1 kilo (32.15 troy ounces) or more.

• Any silver bar of minimum .999 fineness that are 1,000 troy ounces or more

• Any platinum bars of minimum .9995 fineness that are 25 troy ounces or more

• Any palladium bars of minimum .9995 fineness that are 100 troy ounces or more.

• 1 ounce Gold Krugerrands, Gold Maple Leafs and Mexican Onzas must be reported if quantity is greater than 25 coins.

• 90 percent silver U.S. coins are also reportable if any combination of dimes, quarters or half dollars has a total face value greater than $1,000.

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