The State of Mississippi requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Mississippi. It is essential to ensure the collection of these taxes on(1) any bullion that is in the form of a bar, ingot or round that is made of copper; (2) coins that have not been solely used, or were previously not solely used, as a form of currency within the United States or any other country; (3) any coins that may have been or are currently used as a medium of exchange but are sold based on its value as a medium of exchange rather than its intrinsic value; (4) accessory items; (5) processed items; (6) gold-clad products; (7) gold backs; (8) silver notes; and (9) all shipping and delivery charges associated with any of the above-referenced 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 Mississippi:

  • Bullion. Gold, silver, platinum, palladium, or a combination thereof, in the form of bars, ingots, or commemorative medallions, valued primarily for their metal content rather than their physical form.
  • Coin. A small, flat, round piece of metal which is, or has been used as legal tender, with a number showing its value and often a decorative picture. 
  • Medium of Exchange. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
  • 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.

Use taxes in Mississippi are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in Mississippi, as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within Mississippi.

ModernCoinMart began collecting use taxes in Mississippi on May 1, 2024. Our sales tax license number in Mississippi is 1487-1104.

If you are a  Mississippi-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 Mississippi. 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 Mississippi, we suggest you visit the Mississippi Department of Revenue located at

©2024 (MCM), is a retail distributor of coin and currency issues and is not affiliated with the U.S. government. The collectible coin market is unregulated, highly speculative and involves risk. MCM MAKES NO WARRANTIES, REPRESENTATIONS, OR PROMISES AS TO ITS PRODUCTS EXCEPT THOSE SET FORTH IN ITS TERMS AND CONDITIONS, AND NO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS ARE MADE. Prices, facts, figures and populations deemed accurate as of the date of publication but may change significantly over time. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. © All rights reserved.
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