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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 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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