Coin Auction May 22nd

   Hundreds of gold and silver coins are coming up for auction tomorrow, thanks to the IRS -- and a guy who didn't pay his taxes for decades.

Go here for the full scoop.

A Morgan silver dollar -- these are still
reasonably priced

Jeffrey Sullender, a licensed nutrionist, apparently decided that he was granted free tax privileges, as early as 2000. (The rest of us poor misguided law-abiding schmucks never got the message.)

So he didn't. Pay taxes, that is.

Not only that, he sold his various properties to himself, for coins -- which he also kept.

If there's anyone you don't mess with, it's the IRS. (Ask Al Capone -- it's the major reason why he ended up in prison.) After they caught up with him, Sullender ended up in court, minus his real estate and coinage.

Which is now coming up for auction.

You can view the full catalog here. The actual auction is in New Hampshire on May 22. (It's hard to tell... but I believe you'll be able to bid online, as well. Check tomorrow, when the auction is set up.) No doubt there will be some real bargains. The auction includes not only coins (including my favorite, the Morgan $20 gold piece), but palladium bars and silver ingots.

This Morgan $20 gold piece is from wholesalecoinsdirect.com, via Pinterest

This is an event worth spending your hard-earned pennies for. Even if you don't/can't bid, it will be a great source for "comps" (comparables): how much precious metal coins are going for on the open market now.

If you miss this one, Invaluable is hosting a huge multi-century gold coin collection May 27-28.

Have fun. Don't break the bank.