Monday-Friday 10AM-4PM

Saturday 9AM-1PM

Closed Sundays

Northshore Numismatics

358 Main Street

Wakefield MA,  01880

(781)-246-4500

                                                                                                                                                                                                                          +  Cash & Checks

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:

  • 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 KrugerrandsGold 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.