What happens if i find gold or silver on the beach?
Posted on January 11th, 2010 by admin
if i were to find silver or gold coins on the beach(US), would i get to keep it? or how much do i have to pay for it? thx!
i was wondering if i found gold or silver (like spanish coins) on the beach (US) would i get to keep it? how much would i have to pay in taxes?
My understanding is that the law in most jurisdictions for a thing like that (which isn’t like a purse or some object that clearly belongs to someone else) is that the person who finds it gets to keep it. So congratulations! Mind if I offer some advice. Take the gold and sell it to an online store that specializes in buying gold for fair prices. I suggest http://www.refinity.com/