The only state taxes that still live on the sale of precious metal ingots are Vermont, New Jersey, Maine, Tennessee, Kentucky, Wisconsin, New Mexico, Mississippi and Hawaii. The District of Columbia also taxes physical purchases of gold and silver. Gold and Silver Sales Taxes Increase Investment Costs. See the Status of your shipping address below to see if you will be required to pay sales tax on your order.
Precious metals are exempt from sales tax in many states, however, each state within the U.S. UU. It has its own rules and regulations when it comes to collecting sales tax on precious metals. Sales tax will NOT be charged for gold, silver, platinum, or palladium bullion items, as they are exempt from sales tax when shipped to an Alabama address.
The State of Alabama requires a simplified seller use tax of 8% on some products sold by BGASC and delivered to an Alabama address. These taxes must be levied on copper products, certain ingot items have less than. All other products sold by BGASC are exempt from these taxes. Read more No sales tax will be charged for items shipped to an Alaska address.
There is currently no state sales tax in effect in the state of Alaska, so BGASC is not required to collect sales tax on any product that ships to an address in Alaska. Read more Sales tax will NOT be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to an Arizona address. The State of Arizona requires tax collection on some products sold by BGASC and delivered to an Arizona address. These taxes must be levied on copper products, accessories and processed items.
Read More No sales tax will be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to an Arkansas address (effective October 1, 2020). The State of Arkansas requires the collection of sales tax on some products sold by BGASC and delivered to an Arkansas. direction. These taxes must be levied on copper products, precious metal ingots that do not meet certain purity requirements, accessory items and processed items.
Read More No sales tax will be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to a Colorado address. The State of Colorado requires tax collection on some products sold by BGASC and delivered to a Colorado address. These taxes must be levied on copper products, certain numismatic products, accessory items and processed items. Read More The District of Columbia requires BGASC to collect sales tax on all products sold by BGASC and delivered to an address in the District of Columbia.
Read More No sales tax will be charged for gold, silver, or platinum bullion items, as they are exempt from sales tax when shipped to a Georgia address. The State of Georgia requires the collection of sales tax on some products sold by BGASC and delivered to an address in Georgia. These taxes must be levied on palladium products, copper products, certain currency, accessory items and processed items. Read more The State of Hawaii requires BGASC to charge general excise duties on all products sold by BGASC and delivered to an address in Hawaii.
Read more Sales tax will NOT be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to an Idaho address. The State of Idaho requires the collection of sales tax on some products sold by BGASC and delivered to an Idaho address. Read More No sales tax will be charged for most gold, silver, or platinum bullion items, as they are exempt from sales tax when shipped to an Illinois address. The State of Illinois requires tax collection on certain products sold by BGASC and delivered to an Illinois address.
These taxes must be levied on certain palladium products, copper products, any ingot less than. Read more NO sales tax will be charged for any U.S. Legal tender coins and most of them gold (. The State of Indiana requires the collection of sales tax on some products sold by BGASC and delivered to an address in Indiana.
These taxes must be levied on copper products, any country other than the U.S. Gold legal tender products with a purity lower than. Read more Sales tax will NOT be charged for gold, silver, platinum, palladium, bullion, or legal tender items, as they are exempt from sales tax when shipped to an Iowa address. The State of Iowa requires the collection of sales tax on some products sold by BGASC and delivered to an address in Iowa.
These taxes must be levied on copper products, certain currency, accessory items and processed items. Read More No sales tax will be charged for items in gold, silver, platinum or palladium bars or gold or silver coins, as they are exempt from sales tax when shipped to a Kansas address. The State of Kansas requires tax collection on some products sold by BGASC and delivered to an address in Kansas. These taxes must be levied on any currency other than gold or silver, copper products, accessory items and processed items.
Read More The State of Kentucky requires BGASC to collect taxes on all products sold by BGASC and delivered to a Kentucky address. Read More The State of Maine requires BGASC to collect sales tax on all products sold by BGASC and delivered to an address in Maine. Read More NO sales tax will be charged for gold, silver, or platinum investment coins and bullion items, as they are exempt from sales tax when shipped to a Michigan address. The State of Michigan requires the collection of sales tax on some products sold by BGASC and delivered to an address in Michigan.
Read more BGASC does not currently ship to the State of Minnesota. Read More The State of Mississippi requires the BGASC to collect taxes on all products sold by the BGASC and delivered to a Mississippi address. Read more No sales tax will be charged for items shipped to a Missouri address. Currently, BGASC does not collect sales tax on orders that ship to Missouri.
Read More No sales tax will be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to a Nebraska address. The State of Nebraska requires the collection of sales tax on some products sold by BGASC and delivered to a Nebraska address. Read more No sales tax will be charged for bullion or coins used as a medium of exchange, as they are exempt from sales tax when shipped to a Nevada address. The State of Nevada requires the collection of sales tax on some products sold by BGASC and delivered to a Nevada address.
These taxes should be levied on copper products, coins not used as a medium of exchange, ingots not used as a medium of exchange, accessory items and processed items. Read More The State of New Jersey requires BGASC to collect sales tax on all products sold by BGASC and delivered to a New Jersey address. Read More The State of New Mexico requires BGASC to collect taxes on all products sold by BGASC and delivered to a New Mexico address. Read More No sales tax will be charged for gold, silver, platinum, or palladium bullion items, as they are exempt from sales tax when shipped to a North Carolina address.
The State of North Carolina requires the collection of sales tax on some products sold by BGASC and delivered to a North Carolina address. Read more There will be NO sales tax levied on legal tender currencies or. The State of North Dakota requires the collection of sales tax on some products sold by BGASC and delivered to a North Dakota address. Read More No sales tax will be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to an Ohio address (effective October 1, 2020).
The State of Ohio requires the collection of sales tax on some products sold by BGASC and delivered to an Ohio address. Read more No sales tax will be charged for gold, silver, platinum or palladium bullion items or any legal tender used as a medium of exchange in the United States or any foreign country, as they are exempt from sales tax when shipped to an Oklahoma address. The State of Oklahoma requires the collection of sales tax on some products sold by BGASC and delivered to an Oklahoma address. Read more No sales tax will be charged for gold, silver, platinum or palladium bullion items or any legal tender used as a medium of exchange in the United States or any foreign country, as they are exempt from sales tax when shipped to an address in Pennsylvania.
The State of Pennsylvania requires the collection of sales tax on some products sold by BGASC and delivered to an address in Pennsylvania. These taxes must be levied on copper products, coins that are not currently used or were not previously used as legal tender in the United States or any foreign country, accessory items, and processed items. Read more Sales tax will NOT be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to a Rhode Island address. The State of Rhode Island requires the collection of sales tax on some products sold by BGASC and delivered to an address in Rhode Island.
Read More No sales tax will be charged for gold, silver, platinum, or palladium bullion items, as they are exempt from sales tax when shipped to a South Carolina address. The State of South Carolina requires the collection of sales tax on some products sold by BGASC and delivered to a South Carolina address. These taxes must be levied on copper products, palladium products, numismatic products, except those currently or formerly used as legal tender, accessory items and processed items. Read more Sales tax will NOT be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to a South Dakota address.
The State of South Dakota requires the collection of sales tax on some products sold by BGASC and delivered to a South Dakota address. These taxes must be levied on copper products, certain numismatic products, coins not issued as legal tender, accessory items and processed items. Read More No sales tax will be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to a Tennessee address (effective May 27, 2020). The State of Tennessee requires the collection of sales tax on some products sold by BGASC and delivered to a Tennessee address.
These taxes must be levied on accessory items and processed items. Read More No sales tax will be charged for gold or silver coins, bars or rounds, as well as platinum bars or cartridges, as they are exempt from sales tax when shipped to a Texas address. The State of Texas requires the collection of sales tax on some products sold by BGASC and delivered to a Texas address. These taxes must be levied on (copper and palladium ingot products); (copper, palladium and platinum coin products); (accessory items) and (processed items).
Read More No sales tax will be charged for gold, silver, or platinum bullion items we sell, as they are exempt from sales tax when shipped to a Utah address. The State of Utah requires the collection of sales tax on some products sold by BGASC and delivered to an address in Utah. These taxes must be levied on any currency that is not legal tender of any state, the United States or any foreign country; copper products; palladium products; any bullion product made of gold, silver or platinum if the gold, silver or platinum content is less than 50%; accessory items and processed items. Read More The State of Vermont requires BGASC to collect sales tax on all products sold by BGASC and delivered to a Vermont address.
Read more Sales tax will NOT be charged for gold, silver, platinum or palladium bullion items, as they are exempt from sales tax when shipped to a Washington address. The State of Washington requires the collection of sales tax on some products sold by BGASC and delivered to an address in Washington. These taxes must be levied on copper products, numismatic products, accessory items and processed items. Read More No sales tax will be charged for gold, silver, platinum or palladium investment bars and coins we sell, as they are exempt from sales tax when shipped to a West Virginia address.
The State of West Virginia requires the collection of sales tax on some products sold by BGASC and delivered to a West Virginia address. Read More The State of Wisconsin requires BGASC to collect sales tax on all products sold by BGASC and delivered to a Wisconsin address. Read More No sales tax will be charged for gold or silver bullion items we sell, as they are exempt from sales tax when shipped to a Wyoming address. The State of Wyoming requires the collection of sales tax on some products sold by BGASC and delivered to a Wyoming address.
These taxes must be levied on any currency that contains gold or silver but is not recognized as a medium of exchange for the payment of debts and taxes; any coin or bar made of platinum, palladium or copper; any ingot product made of gold or silver if such bars are not stamped or printed with their weight and purity; accessories; and processed items. Read More Prior to the aforementioned Supreme Court decision, we were only required to collect state sales tax on orders that were shipped to an address within California, the same state in which our BGASC headquarters (also known as our physical nexus) are physically located. This was because, in 1992, the Supreme Court set a precedent for how each state would deal with online retailers in the case of Quill Corp v. The court ruled in favor of Quill Corp, ruling that the company did not need to collect sales taxes in North Dakota, since they had no physical presence in the state.
There is no all-encompassing sales tax in the United States. The 50 individual states have their own tax laws and their own sales tax rates. These can differ greatly from state to state. In some states there is no sales tax on precious metals, while in others you'll pay close to an additional 10% for every purchase you make.
The nine states that continue to tax gold and silver purchases include Vermont, New Jersey, Maine, Tennessee, Kentucky, Wisconsin, New Mexico, Mississippi and Hawaii; the District of Columbia also taxes physical purchases of gold and silver. . .
