The State of Oklahoma requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Oklahoma. It is essential to ensure the collection of these taxes on (1) copper products; (2) coins that are not currently, or were not previously, used as legal tender in the United States or any foreign country; (3) accessory items; and (4) processed items.  All other products sold by ModernCoinMart are exempt from these taxes.

The ensuing definitions pertain to products subject to tax collection in Oklahoma:

  • Coins.  A coin made of gold, silver, or other metal which is or has been used as legal tender in the United States or any foreign country.
  • 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.

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

ModernCoinMart began collecting vendor use taxes in Oklahoma on May 1, 2024.  Our sales tax license number in Oklahoma is SVU-16479531-02.

If you are an Oklahoma-based reseller and wish to file a Reseller Certificate with ModernCoinMart, please contact us at [email protected]. After we’ve received your filled-out Reseller Certificate, we’ll input it into our system. As long as your Reseller Certificate remains valid and active, you will not incur any sales taxes on future orders.

Please note:  The summary above provides a condensed examination of sales tax laws and obligations within the State of Oklahoma. 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 Oklahoma, we suggest you visit the Oklahoma Tax Commission located at https://www.ok.gov/tax/.

©2024 ModernCoinMart.com (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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