Gold Coins = Gifts
If you were a young adult in the early
It was in those years that one-ounce gold investment coins first appeared.
Many people still have those coins today, stashed and forgotten in a safe deposit box or in the back of
With the price of gold today over $1,000 an ounce, it might be tempting to sell them to a local coin broker. Given how much those coins have appreciated over the past 40 years, however, a large portion of the increase will go to the capital gains tax on the sale. And the problem may be compounded if you didn’t keep an accurate record of when you bought the coin(s) and how much you paid for them.
One of our donors solved these problems by donating their coins to the University of Maine Foundation. We sold the coins to a local dealer and provided the donor with a gift receipt good for a charitable deduction on their income taxes. Everyone wins!
President’s Club membership could easily be attained with a single ounce of gold.
If you have any gold coins and are interested in the details of how the process works, just contact us and we’ll be happy to answer your questions.