Louisiana

The State of Louisiana requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Louisiana. It is essential to ensure the collection of these taxes on (1) bullion products made of palladium or copper; (2) any coins made of copper or palladium, unless such coins are also numismatic coins; (3) any single sales transaction of numismatic coins if the total sale value is greater than $1,000; (4) accessory items; and (5) processed items.

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

Bullion. Gold, silver, platinum, palladium, or a combination thereof, presented in the form of bars, ingots, or commemorative medallions, are subject to taxation based on their intrinsic metal value rather than their physical form.
Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
Numismatic Coins. Coins that carry an augmented external value exceeding the inherent worth of the precious metal they hold, often ascribed to factors like scarcity, quality, age, or external market forces.
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 Louisiana are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in Louisiana, as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within Louisiana.

ModernCoinMart began collecting sales taxes in Louisiana on May 1, 2024. Our state sales tax license number in Louisiana is 2715012.

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