This is super helpful, thank you for the thorough explanation!

Asking for US residents.

If one keeps the value as BTC and does not cash out, does it count as "withdrawing" and are you suppose to still pay capital gains on it? If so, what happens if you do cash it out later?

I have a loaded 2011 brass 1 BTC that I am considering selling. It's not graded and I got it back in 2011 and let it sit in a jar of coins for years, so it doesn't look beautiful - obviously not looking to get tip top premium for it. Happy to use a reputable escrow service here. Also a newbie so wanting to be super careful about the transaction.

Ah, of course. I feel so American for not specifying the country. But this is super helpful and gives me enough info to go off of.

Appreciate it!

Thanks for the quick response. Good to know -- do you mind sharing his info and/or more about the process?

Also, is it worth grading coins that aren't in mint-looking condition? Or are those the types of coins that can especially benefit from grading?

Hi there,

I am new here so pardon my ignorance. I did some searching but didn't manage to find an answer. What are the tax implications of selling a coin on here? Is it different whether you receive cash vs BTC?

Thank you in advance.

May I ask how one gets their coins graded? (Sorry, new here) I found this in the search but wanted to see if there were other options https://www.anacs.com/

Are there local places to the Bay Area? The shipping part stresses me out a bit