A gold assay is a process to measure the purity of items containing gold. The primary purpose of gold assaying is to ensure that gold coins, bullion bars, or other gold items meet specific standards of purity and are not fraudulent or of lesser value than they should be. Keep reading to learn more about the various methods for assay gold testing, what factors affect gold assay results, and more!
The Illinois Administrative Code, Section 2-5 (18) specifically exempts the sale of “legal tender, currency, medallions, bullion, or gold or silver coinage issued by the State of Illinois, the government of the United States of America, or the government of any foreign country, or any gold, silver, or platinum bullion and palladium bullion” from the … Continued
Pennsylvania does not levy a sales tax on the sale or purchase of bullion and investment coins, including gold, silver, and other precious metal bullion and numismatic (collector) coins. However, while Pennsylvania state laws provide these tax advantages, federal laws and regulations still apply to the sale and purchase of bullion and investment coins. These … Continued
Ever wanted to know why gold sales go up in times of economic crisis? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
Ever wanted to know if silver sales are reported to the government? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
Ever wanted to know if the price of gold has ever crashed? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
Ever wanted to know to liquidate your gold bullion? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
Ever wanted to know what the best day of the week to buy gold is? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
Ever wanted to know what the best day of the week to buy silver is? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
Though New York is often associated with high taxes, it does not require sales tax for the sale of bullion coins, provided that the sale in question totals at least $1,000. While this tax benefit is great for investors buying bullion coins in large quantities, it does little to help those who are purchasing bullion … Continued
