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
Read MoreWhen it comes to selling bullion in Minnesota, bullion sales are exempt from sales tax, but this exemption does not currently include coins, jewelry, works of art, or scrap metal. Minnesota does have some fraudulent history when it comes to selling bullion coins in the past, which has resulted in laws requiring authorized bullion dealers … Continued
Read MoreTexas laws regarding the sale of precious metal coins are relatively lax compared to some other states. Texas does not impose a sales tax on the sale of bullion coins provided that the sale originated from a Texas precious metal dealer, whether online or through the phone, and that the bullion coins were not shipped … Continued
Read MoreEver wanted to know if gold prices always go up during a recession? 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 you can purchase a home with 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 if it is legal to melt down copper pennies to make bars or ingots? 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 spot price of gold is the same everywhere? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
The state of California does impose a sales tax on the sale of precious metal bullion and numismatic coins, but with a significant exception: if the total amount of a single sales transaction for these items is $1,500 or more, the transaction is exempt from sales tax. This exemption applies whether the sale is to … Continued
Read MoreFlorida does not impose a sales tax on the purchase of gold, silver, platinum, or palladium bullion that exceeds $500. In this context, bullion refers to precious metals in a bulk form regularly traded on commodity markets, which can be in the form of bars or coins. The $500 threshold is important. If a transaction … Continued
Read MoreEver wanted to know how does investing in gold work? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart’s Complete Bullion Resource Center.
