West Virginia

The State of West Virginia requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within West Virginia. It is essential to ensure the collection of these taxes on (1) copper products, unless such copper product is a numismatic coin or otherwise a form of money or legal tender that has a fair market value greater than its nominal face value; (2) any product that has not been put through a process of smelting or refining; (3) any material undergoing smelting or refining, wherein its value primarily derives from its physical characteristics rather than its inherent composition; (4) any coins that are not used as money or legal tender and are not numismatic coins; (5) any coins used for transactions or recognized as legal tender, with a fair market value equal to or less than their stated face value; (6) accessory items; and (7) 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 West Virginia:

Legal Tender. Coins that must be accepted if offered in payment of a debt.
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.
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.
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 West Virginia are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in West Virginia as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within West Virginia.

ModernCoinMart began collecting sales taxes in West Virginia on May 1, 2024. Our sales tax license number in West Virginia is 2463-9739.

If you are a West Virginia-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 West Virginia. 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 West Virginia, we suggest you visit the West Virginia Department of Revenue located at https://revenue.wv.gov/Pages/default.aspx.