Missouri

The State of Missouri requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Missouri. It is essential to ensure the collection of these taxes on (1) any bullion products that are not in a bulk state and have a purity of less than 900 parts per 1,000; (2) any coins that are not investment coins; (3) copper products; (4) accessory items; and (5) 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 Missouri:

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.
Investment Coins. Numismatic coins or legal tender composed of gold, silver, platinum, palladium, or metals surpassing the face value of the coins in fair market value are subject to state taxes.
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 Missouri are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in Missouri, as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within Missouri.

If you are a Missouri-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.

ModernCoinMart began collecting sales taxes in Missouri on May 1, 2024. Our sales tax license number in Missouri is 29363225.

Please note: The summary above provides a condensed examination of sales tax laws and obligations within the State of Missouri. 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 Missouri, we suggest you visit the Missouri. Department of Revenue located at HTTPS://DOR.MO.GOV/TAXATION/BUSINESS/.

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