What Are the Laws Regarding the Sale of Bullion Coins in Texas?

Ever wanted to know what the laws are for the sale of bullion coins in TX? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart's Complete Bullion Resource Center.

Texas laws regarding the sale of precious metal coins are relatively lax compared to some other states. Texas does not impose a sales tax on the sale of bullion coins provided that the sale originated from a Texas precious metal dealer, whether online or through the phone, and that the bullion coins were not shipped to a state that does impose a sales tax.

Historically, in order to be exempt from sales tax, the bullion coins sale must have exceeded $1,000. For any bullion coins sold under that amount, sales tax was still applied. But in 2013, that law was amended, and today, gold, silver, and platinum bullion coins can be sold in any amount, free from sales tax. However, laws are always changing, so it’s important that you stay current on these laws before making a sale.

©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.
0
    0
    Your Cart
    Your cart is emptyReturn to Shop