What are the tax considerationns for annual taxes when selling gold and silver coins?

[JakeLee]

If you traded/bought/sold coins through an exchange or broker, there would be a form they file to the IRS. That should be in your account and available for download and inclusion. If there is no such thing, you could put that under other income.  You would need to know that price paid + commission and the price sold - commission

[PattiF]

Yes, you need to report it on Schedule D.   If you received a 1099-B, follow these instructions and mark the sale as a collectible sale.   The basis is whatever you paid for them.   

If you did not receive the 1099-B, report it in the same section and just answer NO to the Did you receive a 1099-B?  question.   This discussion covers the sale of gold with no tax form.