Florida

The State of Florida requires the application of sales taxes on specific items sold by ModernCoinMart and delivered to a Florida address. It is essential to ensure the collection of these taxes on (1) coins or currency of the United States if such coins or currency are not legal tender of the United States at the time of the sale of such coins or currency unless the aggregate sales price of such coins or currency exceeds $500 in a single sales transaction; (2) any coins or currency that are not legal tender in any country unless the aggregate sales price of such coins or currency exceeds $500 in a single sales transaction; (3) Any legal tender coins or currency, excluding those from the United States, sold above their prevailing exchange rate will be subject to state taxes, except when the total sales amount of such coins or currency surpasses $500 within a single transaction; (4) any coins or currency, accepted as legal tender in nations other than the United States, without a designated denomination, are exempt from taxation unless their aggregate sales value within a single transaction exceeds $500; (5) bullion, defined as gold, silver, or platinum in the form of bars, ingots, or plates, normally sold by weight unless the total sales price for such bullion in a single sales transaction exceeds $500; (6) palladium or copper in the form of bars, ingots or plates, regardless of the dollar amount of the transaction; (7) accessory items; and (8) 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 Florida:

Legal Tender. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
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 Florida are calculated at checkout on the ModernCoinMart website based on (1) The taxability of merchandise sold by ModernCoinMart in the state of Florida, as previously specified, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within Florida.

ModernCoinMart began collecting sales taxes in Florida on May 1, 2024. Our sales tax license number in Florida is 78-8019437345-9.

If you are a Florida-based reseller and wish to file a Reseller Certificate with ModernCoinMart, please email it to [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 that in Florida, it is mandatory for resellers to renew their Reseller Certificate on an annual basis. All Florida Reseller Certificates expire on December 31st of each year. Consequently, any reseller utilizing the ModernCoinMart website will be required to furnish a valid Reseller Certificate for each calendar year.

Please note: The summary above provides a condensed examination of sales tax laws and obligations within the State of Florida. 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 Florida, we suggest you visit the Florida Department of Revenue located at http://floridarevenue.com/pages/default.aspx.