Rhode Island

The State of Rhode Island requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within Rhode Island. It is essential to ensure the collection of these taxes on (1) copper products; (2) bullion products that are not melted or refined; (3) accessory items; and (4) 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 Rhode Island:

Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin or ingot form.
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 Rhode Island are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in Rhode Island as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within Rhode Island.

ModernCoinMart began collecting sales taxes in Rhode Island on May 1, 2024. Our sales tax license number in Rhode Island is 2-5925-7409.

If you are a Rhode Island-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 Rhode Island. 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 Rhode Island, we suggest you visit the Rhode Island Division of Taxation located at http://www.tax.ri.gov/.

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