Connecticut

The State of Connecticut requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Connecticut. It is essential to ensure the collection of these taxes on (1) platinum, palladium, and copper products; (2) certain numismatic coins; (3) accessory items; (4) processed items; and (5) any single sales transaction of gold and silver items valued at less than $1,000 per individual. 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 Connecticut:

Certain Numismatic Coins. Coins crafted from valuable metals that lack or have never received official acknowledgment as legal tender from any government globally.
Single Sales Transaction. Determined per invoice, and not on a line-item basis.
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 Connecticut are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in Connecticut, as previously outlined, and (2) the specific tax rates established by the relevant taxing authority at the point of delivery within the state of Connecticut.

ModernCoinMart began collecting sales taxes in Connecticut on May 1, 2024. Our sales tax license number in Connecticut is 106178047001.

If you are a Connecticut-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 Connecticut. 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 Connecticut, we suggest you visit the Connecticut Department of Revenue Services located at https://www.ct.gov/drs/site/default.asp.

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