At Rocky Mountain Coin, we pay highly competitive prices for your coins, currency, jewelry and gold, silver and platinum bullion. If you’re wondering whether we buy something you may have, this page provides some general information.
What We Buy
Coins
We look at thousands of coins every week, and purchase most rare coins. We will look at any coins you think may be valuable. We generally do not buy non-silver or gold coins minted after 1950, with the exception of proof sets and major error coins. To save you the time and expense of visiting one of our stores with items that may be old but not rare or valuable, we suggest to obtain the current guidebook of US Coin values which is available on Amazon.com or at our store. At Rocky Mountain Coin we want you to be assured, that you receive the best possible and competitive price on items of interest. Your questions are always welcome whether you’re in the store or on the phone. If you’re not sure whether we may be interested in something you have, do not hesitate to give us a call at (303) 777-4653.
Jewelry and Scrap Metal
We are currently buying gold jewelry and diamonds one carat and above. We also buy scrap gold (such as from dental crowns and fillings) and sterling silver (such as from flatware).
Bullion (Gold, Silver, Platinum)
We buy gold coins and bars; silver coins, bars and rounds; platinum coins and bars; and palladium coins and bars.
How to Sell
Do not clean coins or paper money. Collectors prefer coins and paper money in their original condition, so cleaning can reduce the value of your items by tens, hundreds or even thousands of dollars.
If you have just a few items, stop by either of our locations during business hours, and one of our appraisers will evaluate the condition of what you have. For larger collections, please call ahead to make an appointment for an evaluation. We will make a competitive offer if it is something we need. If you choose to accept our offer, we require a valid, non-expired government-issued Photo ID to fill out a Declaration of Ownership form.
How will I be paid?
Upon completion of any transaction, you will be paid with immediate funds. We can also wire transfer to your bank or financial institution for a small fee.
1099-B IRS Reporting Requirements
When it comes time to sell your products, the government does require bullion dealers to file certain reports where applicable. The IRS report is the 1099-B form, and it applies ONLY to the following transactions:
REPORTABLE ITEMS | MINIMUM FINENESS | MINIMUM REPORTABLE AMOUNT |
GOLD BARS | .995 | Any size bars totaling 1 kilo (32.15 troy oz) or more. |
SILVER BARS | .999 | Any size bars totaling 1000 troy oz or more. |
PLATINUM BARS | .9995 | Any size bars totaling 25 troy oz or more. |
PALLADIUM BARS | .9995 | Any size bars totaling 100 troy oz or more. |
GOLD 1 OZ MAPLE LEAF | AS MINTED | 25 – 1oz coins |
GOLD 1 OZ KRUGERRAND | AS MINTED | 25 – 1oz coins |
GOLD 1 OZ MEXICAN ONZA | AS MINTED | 25 – 1oz coins |
U.S. 90% SILVER COINS | AS MINTED | Any combination of dimes, quarters, or half dollars totaling $1,000 face value or more. |
Form 1099-B reporting requirements do not apply to any other coins. They do not apply at all to American Gold Eagles, American Buffalo, Austrian, Australian (Perth Mint Coins), Chinese or any fractional bullion gold coins. And they apply only if you sell at least the minimum quantity that is equal to the quantity of a commodity contract for the object.