Buy Sell with Us—Private & Non-Reportable
No 1099-B IRS Reporting Requirements
Your privacy is a priority to us. There are no IRS reporting requirements — regardless of the quantity, metal type, or product purchased. We do not report your precious metals or rare coin purchases to anyone.
When you sell your precious metals, we are also exempt from IRS reporting with a few exceptions.
Federal regulations may require dealers to file IRS Form 1099-B only on specific wholesale bar products and only when minimum contract quantities are met.
*IRS reporting thresholds were updated in 2025.
Reportable Products (Only When Selling)
| Metal | Reportable Bar Sizes | Minimum Fineness | Minimum Reportable Quantity |
|---|---|---|---|
| Gold Bars | 100 troy oz. & 1 kilo | .995 | One 100 oz. bar or three 1 kilo bars |
| Silver Bars | 1,000 troy oz. | .999 | Five 1,000 oz. bars (5,000 oz. total) |
| Platinum Bars | 10 troy oz. or larger | .9995 | 50 troy oz. total |
| Palladium Bars | 10 troy oz. or larger | .9995 | 100 troy oz. total |
Why Are These Items Reportable?
The reporting requirement exists because certain large bullion bars correspond to standardized commodity exchange contract sizes. Federal regulations require brokers to report proceeds from transactions involving products tied to commodity contracts.
What Is NOT Reportable
Form 1099-B reporting does not apply to:
- American Gold Eagles
- American Gold Buffalo coins
- Austrian bullion coins
- Australian (Perth Mint) coins
- Chinese gold coins
- Fractional gold bullion coins
- Most sovereign-minted bullion coins
- U.S. Rare Coins
- Ancient Coins
Reporting applies only if you sell at least the minimum quantity that matches a standardized commodity contract size. If you have questions about reporting requirements or selling your bullion, our team is happy to assist you. Call us at 1-800-xxx-xxxx.