Amends the Internal Revenue Code of 1986 to exempt gains or losses from the sale or exchange of certain coins or bullion from being recognized for tax purposes.
Specifies that the exemption applies to:
Gold, silver, platinum, or palladium coins minted and issued by the Secretary at any time.
Refined gold or silver bullion, coins, bars, rounds, or ingots primarily valued based on their metal content, not their form.
Inserts a new part into the Internal Revenue Code specifically addressing the sale of certain coins or bullion.
The amendments made by this legislation will apply to sales or exchanges after December 31, 2024.
