South Dakota

The State of South Dakota requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within South Dakota. It is essential to ensure the collection of these taxes on (1) copper products; (2) numismatic coins; (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 South Dakota:

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

If you are a South Dakota-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 South Dakota. 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 South Dakota, we suggest you visit the South Dakota Department of Revenue located at https://dor.sd.gov/.

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