Indiana

The State of Indiana requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Indiana. It is essential to ensure the collection of these taxes on  (1) copper products; (2) any gold coins, bars, or rounds with a purity of less than 995 parts per 1,000; (3) any silver coins, bars, or rounds with a purity of less than 999 parts per 1,000; (4) any platinum coins, bars, or rounds with a purity of less than 999.5 parts per 1,000; (5) any palladium coins, bars, or rounds with a purity of less than 999.5 parts per 1,000; (6) any coins excluding those categorized as ‘American Eagles,’ ‘American Eagle Proofs,’ or coins issued under the jurisdiction of United States legislation; (7) numismatic coins; (8) accessory items; and (9) processed items.

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

• Numismatic Coins.  Coins with augmented external value exceeding their inherent precious metal content, influenced by factors such as rarity, condition, age, or other external determinants.
• Coins.  A coin made of gold, silver, or other metal which is or has been used as legal tender.
• 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 Indiana are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in Indiana, as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within Indiana.

ModernCoinMart began collecting sales taxes in Indiana on May 1, 2024.  Our sales tax license number in Indiana is 8000745536-001.

If you are an Indiana-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 Indiana. 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 Indiana, we suggest you visit the Indiana Department of Revenue located at https://www.in.gov/dor/.