Arkansas

The State of Arkansas requires the levying of sales taxes on specific items sold by ModernCoinMart and delivered to an address within Arkansas. It is essential to ensure the collection of these taxes (1) any precious metal objects incorporating gold, silver, platinum, or palladium that fail to meet the specified criteria for bullion as outlined by the state of Arkansas; (2) copper products; (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 Arkansas:

Bullion. Gold, silver, platinum, and palladium in the form of a bar, ingot, or coin.
Coin. Items that have functioned or currently function solely as currencies for any nation, such as the United States or foreign governments, are exchanged based on their inherent value, either as precious metals or as collectibles highly esteemed for their value.
Medium of Exchange. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
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.

Sales taxes in Arkansas are calculated at checkout on the ModernCoinMart website based on (1) the tax implications regarding products sold by ModernCoinMart in Arkansas as previously outlined, and (2) the specific tax rates established by the governing authority at the point of delivery within Arkansas.

ModernCoinMart began collecting sales taxes in Arkansas on June 1, 2024. Our sales tax license number in Arkansas is 56067434-SLS.

If you are an Arkansas-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 Arkansas. 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 Arkansas, we suggest you visit the Arkansas Department of Finance and Administration located at https://www.dfa.arkansas.gov/.

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