Alabama

The State of Alabama requires the application of a flat-rate Simplified Sellers Use Tax, set at 8%, on designated items sold by ModernCoinMart and delivered to an Alabama address. Taxes are collected on (1) copper products; (2) numismatic coins; (3) accessory items; and (4) processed items. All other products sold by ModernCoinMart are exempt from these taxes.

The following definitions apply to items that are subject to state tax collection in Alabama:

Numismatic Coins. Coins that have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
Accessory Items. Items such as holders, tubes, coin flips, and apparel.
Processed Items. Processed precious metals, altered by third-party entities to create items valued for attributes beyond their intrinsic metal content, such as embellished coins or sculptures.

Per the regulations outlined in Alabama statute (Rule 810-6-2-.90.02, Simplified Sellers Use Tax Remittance Program), ModernCoinMart is obligated to apprise its customers in Alabama of the following:

ModernCoinMart has collected the simplified sellers use tax on certain transactions delivered into Alabama and the tax will be remitted on the customer’s behalf to the Alabama Department of Revenue.

ModernCoinMart program account number is R012139128.

The applicable use taxes for transactions made on the ModernCoinMart website within Alabama are calculated at the time of checkout based on (1) the taxability of products sold by ModernCoinMart in Alabama set forth above, and (2) the Alabama Simplified Sellers Use Tax rate of 8%.

ModernCoinMart began collecting use taxes in Alabama on October 1, 2018. Our program account license number in Alabama is R012139128.

If you are an Alabama-based reseller and wish to file a Reseller Certificate with ModernCoinMart, please contact us at [email protected]. Upon receipt of your completed Reseller Certificate, we will promptly enter it into our records. Provided that your Reseller Certificate maintains its validity and remains active, no sales taxes will be applied to subsequent orders.

Please note: The summary above provides a condensed examination of sales tax laws and obligations within the State of Alabama. While comprehensive, it may only encompass some facets of the regulations. Its purpose is to outline the pertinent laws and requirements applicable to transactions involving ModernCoinMart within the state. If you would like to research the sales tax laws and requirements in the State of Alabama, we suggest you visit the Alabama Department of Revenue located at https://revenue.alabama.gov/.

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