We buy, sell, and trade Coins, Precious Metals, Silverware, Diamonds, Fine Jewelry, and Collectibles.

1350 West Bay Drive Largo, FL. 33770

727.585.4502 - 1 800 gem-mine 1-800-436-6463

Hours: Mon - Fri 9 am - 6 pm Saturday 9 am - 5 pm

Servicing Local Tampa, Clearwater, Largo, St.Petersburg & Nationwide

Reporting Gold Purchase

Reporting Law

There are no ID requirements when purchasing gold or any bullion. You could buy a million dollars worth of gold bullion by personal check, and nothing is reported anywhere. The only time you would be required to show ID and social security number when buying metals here, would be if your purchases were $10,000 or more, and you paid by cash or travelers cheques or money orders. This would be reported to the government as a cash transaction or equivalent of $10,000 or more. There is a government term called “related transactions”. A large lump of cash cannot be deposited at one time, and used to spread purchases over a period of time to circumvent the cash reporting laws.

(REPORTABLE IF YOU SELL THESE AMOUNTS IN A SINGLE DAY) (NOT REPORTABLE)
$1000 face in US silver coins 32 ounces of .995 gold ingot (a kilo bar) US gold or silver eagle coins
25 South African Krugerrand’s 100 ounces of palladium bars US pre 1933 gold coins
25 Canadian gold Maple leafs 25 ounces of platinum bars Other foreign gold coins
25 Mexican gold Onzas 1000 troy ounces of silver ingots Numismatic gold

Note: Family members can’t split sales to circumvent reporting requirements. The government term, “related transactions” applies here too. The sale of coins or bars cannot be juggled around to circumvent the reporting requirements.

Belleair Coins Gold and Diamonds
Belleair Coins
1350 West Bay Dr, Largo, Florida, 33770
1 800-262 3134 Locally 727 585 4502