Colorado

The State of Colorado requires the imposition of sales taxes on specific items sold by ModernCoinMart and shipped to a Colorado address. It is essential to ensure the collection of these taxes on  (1) copper products; (2) certain numismatic coins and bullion; (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 Colorado:

• Certain Numismatic Coins and Bullion.  Non-monetary precious metal coins and bullion, regardless of whether they are unused or were never intended for circulation as currency or mediums of exchange within the United States or abroad.
• 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.

In the state of Colorado, ModernCoinMart is required to levy a Colorado Retail Delivery Fee of $0.28 for each order that falls under sales tax jurisdiction and is transported to a Colorado address by motor vehicle. Before July 1, 2023, this fee stood at $0.27. The initiation of the Colorado Retail Delivery Fee occurred on July 1, 2022.  If you would like to learn more about the Colorado Retail Delivery Fee, we suggest you visit the Colorado Department of Revenue Retail Delivery Fee webpage located at https://tax.colorado.gov/retail-delivery-fee.

Sales taxes in Colorado and the Colorado Retail Delivery Fee are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with goods sold by ModernCoinMart in the state of Colorado, as previously outlined, and (2) the specific tax rates determined by the governing authority at the point of delivery within Colorado.

ModernCoinMart began collecting sales taxes in Colorado on May 1, 2024.  Our state sales tax license number in Colorado is 96278170.

If you are a Colorado-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 Colorado. 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 Colorado, we suggest you visit the Colorado Department of Revenue located at https://www.colorado.gov/revenue.