Skip To Content

State Sales Tax Requirements

On June 21, 2018, the Supreme Court of the United States ruled in favor of the state in South Dakota v. Wayfair, Inc. The decision allows states to tax remote sales.

Previously, states could only tax sales by businesses with a physical presence in the state. Now economic activity in a state can trigger a sales tax collection obligation. Economic nexus is based on sales revenue, transaction volume, or a combination of both.

As an online and over the phone retailer shipping to other states, SilverTowne is now required to register with several other states and collect and remit taxes to those states. The tax for your order will be calculated based on the items you are purchasing and the address they are being shipped to.

What Does this Mean for Retail and Wholesale Customers?

Every state can vary on what products are considered taxable and what is exempt, but as both a retail or a wholesale customer you can be charged tax at checkout. We've partnered with a 3rd party company to stay on top of these laws and stay in compliance. Depending on the item(s) you are purchasing and the address you are shipping to, your tax will be calculated at checkout.

Interactive Map of Tax Requirements

In an effort to make these changes as clear as possible to our customers, we've created an interactive United States state map to be able to click on a state and be brought instantly to the tax requirements for that individual state. Again, keep in mind the tax will be based on the ship to address and that the rules/laws vary by each state and even individual counties or cities within some states. Please make yourself familiar with what your 'ship to' state is charging so you will know what to expect when you purchase items from SilverTowne.

Alabama State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Alabama requires the collection of a flat-rate Simplified Sellers Use Tax of 8% on certain products sold by SilverTowne and delivered to an Alabama address. These taxes must be collected on (1) copper products; (2) numismatic coins; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Alabama:

  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

As required by Alabama law (Rule 810-6-2-.90.02 Simplified Sellers Use Tax Remittance Program), SilverTowne is required to notify its Alabama customers of the following:

SILVERTOWNE HAS COLLECTED THE SIMPLIFIED SELLERS USE TAX ON CERTAIN TRANSACTIONS DELIVERED INTO ALABAMA AND THE TAX WILL BE REMITTED ON THE CUSTOMER’S BEHALF TO THE ALABAMA DEPARTMENT OF REVENUE

SILVERTOWNE’S PROGRAM ACCOUNT NUMBER IS SSU-R010226489.

Use taxes in Alabama are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Alabama set forth above, and (2) the Alabama Simplified Sellers Use Tax rate of 8%.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ALABAMA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF ALABAMA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ALABAMA, WE SUGGEST YOU VISIT THE ALABAMA DEPARTMENT OF REVENUE LOCATED AT HTTPS://REVENUE.ALABAMA.GOV/.

Alabama required statement

Seller has collected the simplified sellers use tax on taxable transactions delivered into Alabama and the tax will be remitted on the customer’s behalf to the Alabama Department of Revenue.

Seller’s program account number is SSU-R010226489

Alaska State Online Sales Tax Requirements for Collectibles & Bullion Industry

Currently there is no statewide sales tax in effect in the State of Alaska. Therefore, SilverTowne is not required to collect sales taxes on any products delivered to an address in Alaska.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ALASKA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF ALASKA THAT RELATE TO THE READER’S TRANSACTIONS WITH SilverTowne. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ALASKA, WE SUGGEST YOU VISIT THE ALASKA DEPARTMENT OF REVENUE LOCATED AT http://dor.alaska.gov/.

Arizona State Sales Tax Requirements for Bullion & Collectibles Industry

SilverTowne is in the process of evaluating how the laws and regulations governing the collection of sales taxes in the State of Arizona relate to the products sold by SilverTowne. This evaluation will be completed in the near future, and the results of such evaluation will be posted on the SilverTowne website.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ARIZONA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF ARIZONA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ARIZONA, WE SUGGEST YOU VISIT THE ARIZONA DEPARTMENT OF REVENUE LOCATED AT https://azdor.gov/.

Arkansas State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Arkansas requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a Arkansas address.

Sales taxes in the state of Arkansas are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in the state of Arkansas set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in the state of Arkansas.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ARKANSAS. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF ARKANSAS THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ARKANSAS, WE SUGGEST YOU VISIT THE ARKANSAS DEPARTMENT OF FINANCE AND ADMINISTRATION LOCATED AT HTTPS://WWW.DFA.ARKANSAS.GOV/.

California State Sales Tax Requirements for Bullion & Collectibles Industry

The State of California requires the collection of use taxes on certain products sold by SilverTowne and delivered to a California address. These taxes must be collected on (1) nonmonetized bullion made from copper, platinum, or palladium; (2) monetized bullion, nonmonetized gold or silver bullion, or numismatic coins if the total amount of a single sales transaction is less than $1,500; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in California:

  • Nonmonetized Bullion. Bullion which has been smelted or refined and has a value dependent primarily upon its precious metal content and not upon its form.
  • Monetized Bullion. Coins or other forms of money manufactured of gold, silver, or other metal and heretofore, now, or hereafter used as a medium of exchange under the laws of California, the United States, or any foreign nation. The medium of exchange must have had a legal status equivalent to legal tender.
  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Single Sales Transaction. Determined per invoice, and not on a line-item basis.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Use taxes in California are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in California set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in California.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF CALIFORNIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF CALIFORNIA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF CALIFORNIA, WE SUGGEST YOU VISIT THE CALIFORNIA TAX SERVICE CENTER LOCATED AT HTTPS://WWW.TAXES.CA.GOV/.

Colorado State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Colorado requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Colorado address. These taxes must be collected on (1) copper products; (2) certain numismatic pieces; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Colorado:

  • Certain Numismatic Pieces. Precious metal bullion and coins that are not, or never were, used as currency or mediums of exchange in the United States or a foreign country.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Colorado are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Colorado set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Colorado.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF COLORADO. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF COLORADO THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF COLORADO, WE SUGGEST YOU VISIT THE COLORADO DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.COLORADO.GOV/REVENUE.

Connecticut State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Connecticut requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Connecticut address. These taxes must be collected on (1) platinum, palladium, and copper products; (2) certain numismatic coins; (3) accessory items; (4) processed items; and (5) any single sales transaction comprised of gold and silver products for which the transaction amount is less than $1,000. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Connecticut:

  • Certain Numismatic Coins. Precious metal coins that are not, or never were, used as legal tender of any government of the world.
  • Single Sales Transaction. Determined per invoice, and not on a line-item basis.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Connecticut are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Connecticut set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Connecticut.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF CONNECTICUT. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF CONNECTICUT THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF CONNECTICUT, WE SUGGEST YOU VISIT THE CONNECTICUT DEPARTMENT OF REVENUE SERVICES LOCATED AT HTTPS://WWW.CT.GOV/DRS/SITE/DEFAULT.ASP.

Delaware State Sales Tax Requirements for Bullion & Collectibles Industry

Currently there is no statewide sales tax in effect in the State of Delaware. Therefore, SilverTowne is not required to collect sales taxes on any products delivered to an address in Delaware.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF DELAWARE. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF DELAWARE THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF DELAWARE, WE SUGGEST YOU VISIT THE DELAWARE DIVISION OF REVENUE LOCATED AT HTTPS://REVENUE.DELAWARE.GOV/.

District of Columbia Sales Tax Requirements for Bullion & Collectibles Industry

The District of Columbia requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a District of Columbia address.

Sales taxes in the District of Columbia are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in the District of Columbia set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in the District of Columbia.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE DISTRICT OF COLUMBIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE DISTRICT OF COLUMBIA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE DISTRICT OF COLUMBIA, WE SUGGEST YOU VISIT THE DISTRICT OF COLUMBIA OFFICE OF TAX AND REVENUE LOCATED AT HTTPS://OTR.CFO.DC.GOV/.

Florida State Sales Tax Requirements for Bullion & Collectibles Industry

SilverTowne is in the process of evaluating how the laws and regulations governing the collection of sales taxes in the State of Florida relate to the products sold by SilverTowne. This evaluation will be completed in the near future, and the results of such evaluation will be posted on the SilverTowne website.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF FLORIDA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF FLORIDA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF FLORIDA, WE SUGGEST YOU VISIT THE FLORIDA DEPARTMENT OF REVENUE LOCATED AT HTTP://FLORIDAREVENUE.COM/PAGES/DEFAULT.ASPX.

Georgia State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Georgia requires the collection of sales taxes on certain products sold by SilverTowne and delivered to an address in Georgia. These taxes must be collected on (1) palladium products; (2) copper products; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Georgia:

  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Georgia are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Georgia set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Georgia.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF GEORGIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF GEORGIA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF GEORGIA, WE SUGGEST YOU VISIT THE GEORGIA DEPARTMENT OF REVENUE LOCATED AT HTTPS://DOR.GEORGIA.GOV/.

Hawaii State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Hawaii requires SilverTowne to collect general excise taxes on all products sold by SilverTowne and delivered to a Hawaii address.

General excise taxes in Hawaii are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Hawaii set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Hawaii.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF HAWAII. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF HAWAII THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF HAWAII, WE SUGGEST YOU VISIT THE HAWAII DEPARTMENT OF TAXATION LOCATED AT HTTPS://HITAX.HAWAII.GOV/.

Idaho State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Idaho requires the collection of sales taxes on certain products sold by SilverTowne and delivered to an address in Idaho. These taxes must be collected on (1) copper products; (2) accessory items; and (3) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Idaho:

  • Numismatic Items. Medallions, tokens or other coins created to commemorate a historical event.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Idaho are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Idaho set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Idaho.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF IDAHO. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF IDAHO THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF IDAHO, WE SUGGEST YOU VISIT THE IDAHO STATE TAX COMMISSION LOCATED AT HTTPS://TAX.IDAHO.GOV/.

Illinois State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Illinois requires the collection of occupation taxes on certain products sold by SilverTowne and delivered to an Illinois address. These taxes must be collected on (1) palladium products; (2) copper products; (3) any bullion with a purity of less than 980 parts per 1,000; (4) any coins that were issued by any other U.S. state other than the State of Illinois; (5) accessory items; and (6) processed items.

The following definitions apply to products on which taxes must be collected in Illinois:

  • Bullion. Gold, silver, or platinum in a bulk state with a purity of not less than 980 parts per 1,000.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Occupation taxes in Illinois are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Illinois set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Illinois.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ILLINOIS. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF ILLINOIS THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ILLINOIS, WE SUGGEST YOU VISIT THE ILLINOIS DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW2.ILLINOIS.GOV/REV/PAGES/DEFAULT.ASPX.

Indiana State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Indiana requires the collection of sales taxes on certain products sold by SilverTowne and delivered to an Indiana address. These taxes must be collected on (1) copper products; (2) any gold coins, bars, or rounds with a purity of less than 995 parts per 1,000; (3) any silver coins, bars, or rounds with a purity of less than 999 parts per 1,000; (4) any platinum coins, bars, or rounds with a purity of less than 999.5 parts per 1,000; (5) any palladium coins, bars, or rounds with a purity of less than 999.5 parts per 1,000; (6) any coins that are not considered “American Eagles”, “American Eagle Proofs”, or coins that are not issued under the law of the United States; (7) numismatic coins; (8) accessory items; and (9) processed items.

The following definitions apply to products on which taxes must be collected in Indiana:

  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Indiana are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Indiana set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Indiana.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF INDIANA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF INDIANA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF INDIANA, WE SUGGEST YOU VISIT THE INDIANA DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.IN.GOV/DOR/.

Iowa State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Iowa requires the collection of sales taxes on certain products sold by SilverTowne and delivered to an Iowa address. These taxes must be collected on (1) any bullion products made of copper; (2) any coins that currently are not, or were not previously, used as legal tender; (3) accessory items; and (4) processed items.

The following definitions apply to products on which taxes must be collected in Iowa:

  • Bullion. Bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination of these where the value of the metal depends on its content and not its form.
  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Iowa are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Iowa set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Iowa.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF IOWA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF IOWA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF IOWA, WE SUGGEST YOU VISIT THE IOWA DEPARTMENT OF REVENUE LOCATED AT HTTPS://TAX.IOWA.GOV/.

Kansas State Sales Tax Requirements for Bullion & Collectibles Industry

SilverTowne is in the process of evaluating how the laws and regulations governing the collection of sales taxes in the State of Kansas relate to the products sold by SilverTowne. This evaluation will be completed in the near future, and the results of such evaluation will be posted on the SilverTowne website.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF KANSAS. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF KANSAS THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF KANSAS, WE SUGGEST YOU VISIT THE KANSAS DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.KSREVENUE.ORG/.

Kentucky State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Kentucky requires SilverTowne to collect excise taxes on all products sold by SilverTowne and delivered to a Kentucky address.

Excise taxes in Kentucky are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Kentucky set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Kentucky.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF KENTUCKY. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF KENTUCKY THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF KENTUCKY, WE SUGGEST YOU VISIT THE KENTUCKY DEPARTMENT OF REVENUE LOCATED AT HTTPS://REVENUE.KY.GOV.

Louisiana State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Louisiana requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Louisiana address. These taxes must be collected on (1) bullion products made of palladium or copper; (2) any coins made of copper, platinum, or palladium, unless such coins are also numismatic coins; (3) any single sales transaction of bullion products made of gold, silver, or platinum if the total sale value is under $1,000; (4) accessory items; and (5) processed items.

The following definitions apply to products on which taxes must be collected in Louisiana:

  • Bullion. Bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination of these where the value of the metal depends on its content and not its form.
  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Single Sales Transaction. Determined per invoice, and not on a line-item basis.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Louisiana are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Louisiana set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Louisiana.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF LOUISIANA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF LOUISIANA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF LOUISIANA, WE SUGGEST YOU VISIT THE LOUISIANA DEPARTMENT OF REVENUE LOCATED AT HTTPS://REVENUE.LOUISIANA.GOV/.

Maine State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Maine requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a Maine address.

Sales taxes in Maine are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Maine set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Maine.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MAINE. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MAINE THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MAINE, WE SUGGEST YOU VISIT MAINE REVENUE SERVICES LOCATED AT HTTPS://WWW.MAINE.GOV/REVENUE/.

Maryland State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Maryland requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Maryland address. These taxes must be collected on (1) copper products; (2) any single sales transaction of gold, silver, platinum, or palladium where the transaction amount is less than $1,000; (3) numismatic coins; (4) coins that are not, or have not been, used as mediums of exchange of the United States or any foreign country; (5) accessory items; and (6) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Maryland:

  • Single Sales Transaction. Determined per invoice, and not on a line-item basis.
  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Medium of Exchange. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Maryland are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Maryland set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Maryland.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MARYLAND. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MARYLAND THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MARYLAND, WE SUGGEST YOU VISIT THE MARYLAND COMPTROLLER LOCATED AT HTTPS://TAXES.MARYLANDTAXES.GOV/BUSINESS_TAXES/.

Massachusetts State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Massachusetts requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Massachusetts address. These taxes must be collected on (1) copper, platinum, and palladium products; (2) any single sales transaction of numismatic coins if the value of the sale is less than $1,000: (3) any single sales transaction of gold or silver products that are not numismatic coins if the value of the sale is less than $1,000; (4) any single sales transaction of gold or silver legal tender of any nation if the value of the sale is less than $1,000; (5) accessory items; and (6) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Massachusetts:

  • Single Sales Transaction. Determined per invoice, and not on a line-item basis.
  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Legal Tender. Coins that must be accepted if offered in payment of a debt.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Massachusetts are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Massachusetts set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Massachusetts.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MASSACHUSETTS. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MASSACHUSETTS THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MASSACHUSETTS, WE SUGGEST YOU VISIT THE MASSACHUSETTS DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.MASS.GOV/ORGS/MASSACHUSETTS-DEPARTMENT-OF-REVENUE.

Michigan State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Michigan requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Michigan address. These taxes must be collected on (1) copper products; (2) palladium products; (3) any bullion products made of gold, silver, or platinum if their purity is less than 900 parts per 1,000; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Michigan:

  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Michigan are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Michigan set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Michigan.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MICHIGAN. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MICHIGAN THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MICHIGAN, WE SUGGEST YOU VISIT THE MICHIGAN DEPARTMENT OF TREASURY LOCATED AT HTTPS://WWW.MICHIGAN.GOV/TREASURY/.

Minnesota State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Minnesota requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Minnesota address. These taxes must be collected on (1) copper products; (2) all coins; (3) precious metal bullion that does not meet certain purity requirements; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Minnesota:

  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
  • Precious Metal Bullion. Any precious metal bullion which does not meet the definition of Precious Metal Bullion. Precious Metal Bullion is defined as “bars or rounds that consist of 99.9 percent or more by weight of either gold, silver, platinum, or palladium and are marked with weight, purity, and content.”
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Minnesota are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Minnesota set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Minnesota.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MINNESOTA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MINNESOTA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MINNESOTA, WE SUGGEST YOU VISIT THE MINNESOTA DEPARTMENT OF REVENUE LOCATED AT HTTP://WWW.REVENUE.STATE.MN.US/PAGES/DEFAULT.ASPX.

Mississippi State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Mississippi requires SilverTowne to collect use taxes on all products sold by SilverTowne and delivered to a Mississippi address.

Use taxes in Mississippi are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Mississippi set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Mississippi.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MISSISSIPPI. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MISSISSIPPI THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MISSISSIPPI, WE SUGGEST YOU VISIT THE MISSISSIPPI DEPARTMENT OF REVENUE LOCATED AT HTTP://WWW.DOR.MS.GOV/PAGES/DEFAULT.ASPX.

Missouri State Sales Tax Requirements for Bullion & Collectibles Industry

As currently written, the laws and regulations governing the collection of sales taxes in the State of Missouri do not require SilverTowne to collect sales taxes in Missouri. Therefore, all products sold by SilverTowne and delivered to a Missouri address are exempt from sales taxes.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MISSOURI. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MISSOURI THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MISSOURI, WE SUGGEST YOU VISIT THE MISSOURI DEPARTMENT OF REVENUE LOCATED AT HTTPS://DOR.MO.GOV/.

Montana State Sales Tax Requirements for Bullion & Collectibles Industry

Currently there is no statewide sales tax in effect in the State of Montana. Therefore, SilverTowne is not required to collect sales taxes on any products delivered to an address in Montana.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MONTANA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF MONTANA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MONTANA, WE SUGGEST YOU VISIT THE MONTANA DEPARTMENT OF REVENUE LOCATED AT HTTPS://MTREVENUE.GOV/.

Nebraska State Sales Tax Requirements for Bullion & Collectibles Industry

As currently written, the laws and regulations governing the collection of sales taxes in the State of Nebraska do not require SilverTowne to collect sales taxes in Nebraska. Therefore, all products sold by SilverTowne and delivered to a Nebraska address are exempt from sales taxes.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEBRASKA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NEBRASKA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEBRASKA, WE SUGGEST YOU VISIT THE NEBRASKA DEPARTMENT OF REVENUE LOCATED AT HTTP://WWW.REVENUE.NEBRASKA.GOV/.

Nevada State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Nevada requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Nevada address. These taxes must be collected on (1) copper products; (2) coins that are not used as mediums of exchange; (3) bullion that is not used as a medium of exchange; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Nevada:

  • Coins or Bullion Which Are Not Used As Mediums of Exchange. Coins, bullion, or currency that are not acceptable as a measure of value and a standard of exchange for goods and services.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Nevada are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Nevada set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Nevada.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEVADA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NEVADA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEVADA, WE SUGGEST YOU VISIT THE NEVADA DEPARTMENT OF TAXATION LOCATED AT HTTPS://TAX.NV.GOV/.

New Hampshire State Sales Tax Requirements for Bullion & Collectibles Industry

Currently there is no statewide sales tax in effect in the State of New Hampshire. Therefore, SilverTowne is not required to collect sales taxes on any products delivered to an address in New Hampshire.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW HAMPSHIRE. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NEW HAMPSHIRE THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW HAMPSHIRE, WE SUGGEST YOU VISIT THE NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION LOCATED AT HTTPS://WWW.REVENUE.NH.GOV/.

New Jersey State Sales Tax Requirements for Bullion & Collectibles Industry

The State of New Jersey requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a New Jersey address.

Sales taxes in New Jersey are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in New Jersey set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in New Jersey.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW JERSEY. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NEW JERSEY THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW JERSEY, WE SUGGEST YOU VISIT THE NEW JERSEY DEPARTMENT OF THE TREASURY LOCATED AT HTTPS://WWW.STATE.NJ.US/TREASURY/TAXATION/.

New Mexico State Sales Tax Requirements for Bullion & Collectibles Industry

The State of New Mexico requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a New Mexico address.

Sales taxes in the State of New Mexico are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in the state of New Mexico set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in the state of New Mexico.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW MEXICO. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NEW MEXICO THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW MEXICO, WE SUGGEST YOU VISIT THE NEW MEXICO TAXATION AND REVENUE DEPARTMENT LOCATED AT HTTP://WWW.TAX.NEWMEXICO.GOV/.

New York State Sales Tax Requirements for Bullion & Collectibles Industry

The State of New York requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a New York address. These taxes must be collected on (1) copper products; (2) bullion products if the sale amount does not exceed $1,000; (3) bullion products if the sale amount exceeds $1,000, and such bullion products are further manufactured, processed, assembled, or fabricated by the buyer; (4) bullion products if the sale amount exceeds $1,000, and the price paid for such products depends on more than the metal content of such products; (5) accessory items; and (6) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in New York:

  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in bar, coin, or ingot form.
  • Sale Amount. Determined per invoice, and not on a line-item basis.
  • Price Paid. Price paid is deemed to be based on the metal content if such price does not exceed the greater of the daily closing bullion cash price of such metal or the coins’ face value at prevailing rates of exchange by the following percentages: (a) with respect to silver coins, 140%; (b) with respect to gold coins weighing one-quarter ounce or less, 120%; or (c) with respect to other coins, including gold coins weighing more than one-quarter ounce, 115%. The price paid for bars or ingots is deemed to be based on its metal content if the price paid for the same does not exceed 115% of the bullion cash price of such metals.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in New York are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in New York set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in New York.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW YORK. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NEW YORK THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW YORK, WE SUGGEST YOU VISIT THE NEW YORK STATE DEPARTMENT OF TAXATION AND FINANCE LOCATED AT HTTPS://WWW.TAX.NY.GOV/.

North Carolina State Sales Tax Requirements for Bullion & Collectibles Industry

The State of North Carolina requires the collection of privilege taxes on certain products sold by SilverTowne and delivered to a North Carolina address. These taxes must be collected on (1) copper products; (2) any products that are not smelted or refined; (3) any coins that do not have a value beyond their statutory or nominal value; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in North Carolina:

  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Privilege taxes in North Carolina are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in North Carolina set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in North Carolina.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NORTH CAROLINA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NORTH CAROLINA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NORTH CAROLINA, WE SUGGEST YOU VISIT THE NORTH CAROLINA DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.NCDOR.GOV/.

North Dakota State Sales Tax Requirements for Bullion & Collectibles Industry

The State of North Dakota requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a North Dakota address. These taxes must be collected on (1) copper products; (2) numismatic coins; (3) precious metal bullion which does not meet certain purity requirements; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in North Dakota:

  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Purity Requirements. Precious metal bullion which has not been refined to a purity of at least 999 parts per 1,000.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in North Dakota are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in North Dakota set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in North Dakota.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NORTH DAKOTA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NORTH DAKOTA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NORTH DAKOTA, WE SUGGEST YOU VISIT THE NORTH DAKOTA OFFICE OF STATE TAX COMMISSIONER LOCATED AT HTTPS://WWW.ND.GOV/TAX/.

Ohio State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Ohio requires the collection of sales taxes on certain products sold by SilverTowne and delivered to an Ohio address. These taxes must be collected on (1) copper products; (2) precious metal bullion which does not meet certain fineness standards; (3) any coin that is comprised of less than 50 percent gold, silver, platinum or palladium; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Ohio:

  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin or ingot form.
  • Fineness Standards. Gold and silver bullion that does not have a fineness of at least 0.995 percent, any platinum and palladium bullion which does not have a fineness of at least 0.9995 percent.
  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender in the United States or any foreign country.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Ohio are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Ohio set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Ohio.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OHIO. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF OHIO THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OHIO, WE SUGGEST YOU VISIT THE OHIO DEPARTMENT OF TAXATION LOCATED AT HTTPS://WWW.TAX.OHIO.GOV/.

Oklahoma State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Oklahoma requires the collection of vendor use taxes on certain products sold by SilverTowne and delivered to an Oklahoma address. These taxes must be collected on (1) copper products; (2) coins that are not currently, or were not previously, used as legal tender in the United States or any foreign country; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Oklahoma:

  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender in the United States or any foreign country.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Vendor use taxes in Oklahoma are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Oklahoma set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Oklahoma.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OKLAHOMA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF OKLAHOMA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OKLAHOMA, WE SUGGEST YOU VISIT THE OKLAHOMA TAX COMMISSION LOCATED AT HTTPS://WWW.OK.GOV/TAX/.

Oregon State Sales Tax Requirements for Bullion & Collectibles Industry

Currently there is no statewide sales tax in effect in the State of Oregon. Therefore, SilverTowne is not required to collect sales taxes on any products delivered to an address in Oregon.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OREGON. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF OREGON THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OREGON, WE SUGGEST YOU VISIT THE OREGON DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.OREGON.GOV/DOR/PAGES/INDEX.ASPX.

Pennsylvania State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Pennsylvania requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Pennsylvania address. These taxes must be collected on (1) copper products; (2) coins that are not currently, or were not previously, used as legal tender in the United States or any foreign country; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Pennsylvania:

  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender in the United States or any foreign country.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Pennsylvania are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Pennsylvania set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Pennsylvania.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF PENNSYLVANIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF PENNSYLVANIA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF PENNSYLVANIA, WE SUGGEST YOU VISIT THE PENNSYLVANIA DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.REVENUE.PA.GOV/PAGES/DEFAULT.ASPX

Rhode Island State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Rhode Island requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Rhode Island address. These taxes must be collected 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 SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected 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. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Rhode Island are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Rhode Island set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Rhode Island.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF RHODE ISLAND. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF RHODE ISLAND THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. 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/.

South Carolina State Sales Tax Requirements for Bullion & Collectibles Industry

The State of South Carolina requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a South Carolina address. These taxes must be collected on (1) copper or palladium products; (2) any coins that are not, or previously were not, used as legal tender in the United States or any other jurisdiction; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in South Carolina:

  • Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
  • Legal Tender. Coins that must be accepted if offered in payment of a debt.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

As required by South Carolina law, SilverTowne is required to notify its South Carolina customers of the following:

INDIVIDUAL 85 YEARS AND OLDER

YOU ARE ENTITLED TO A 1% STATE SALES TAX REDUCTION ON ITEMS PURCHASED FOR YOUR PERSONAL USE. YOU MUST ASK FOR THE REDUCTION AND PRESENT PROOF OF YOUR AGE.

If you are a South Carolina customer who wishes to claim this 1% reduction in sales tax, please place your order through SilverTowne’s toll-free customer service number, 1-877-477-2646. Our customer service representatives will be happy to place your order for you and apply the 1% reduction in sales tax. Before your order is shipped, you will be required to mail, email or fax a copy of a document to SilverTowne providing proof of your age.

Sales taxes in South Carolina are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in South Carolina set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in South Carolina.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF SOUTH CAROLINA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF SOUTH CAROLINA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF SOUTH CAROLINA, WE SUGGEST YOU VISIT THE SOUTH CAROLINA DEPARTMENT OF REVENUE LOCATED AT HTTPS://DOR.SC.GOV/.

South Dakota State Sales Tax Requirements for Bullion & Collectibles Industry

The State of South Dakota requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a South Dakota address. These taxes must be collected on (1) copper products; (2) numismatic coins; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in South Dakota:

  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in South Dakota are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in South Dakota set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in South Dakota.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF SOUTH DAKOTA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF SOUTH DAKOTA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. 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/.

Tennessee State Sales Tax Requirements for Bullion & Collectibles Industry

As currently written, the laws and regulations governing the collection of sales taxes in the State of Tennessee do not require SilverTowne to collect sales taxes in Tennessee. Therefore, all products sold by SilverTowne and delivered to a Tennessee address are exempt from sales taxes.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF TENNESSEE. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF TENNESSEE THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF TENNESSEE, WE SUGGEST YOU VISIT THE TENNESSEE DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.TN.GOV/REVENUE.HTML.

Texas State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Texas requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Texas address. These taxes must be collected on (1) copper and palladium bullion products; (2) copper, palladium, and platinum coin products; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Texas:

  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin or bar form.
  • 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. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Texas are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Texas set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Texas.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF TEXAS. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF TEXAS THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF TEXAS, WE SUGGEST YOU VISIT THE TEXAS COMPTROLLER OF PUBLIC ACCOUNTS LOCATED AT HTTPS://COMPTROLLER.TEXAS.GOV/TAXES/.

Utah State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Utah requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Utah address. These taxes must be collected on (1) copper or palladium products; (2) bullion products made of gold, silver, or platinum if the gold, silver, or platinum content of such product is less than 50%; (3) numismatic coins unless such numismatic coins are also used as legal tender; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Utah:

  • Legal Tender. Coins that must be accepted if offered in payment of a debt.
  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin or bar form.
  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Utah are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Utah set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Utah.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF UTAH. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF UTAH THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF UTAH, WE SUGGEST YOU VISIT THE UTAH STATE TAX COMMISSION LOCATED AT HTTPS://TAX.UTAH.GOV/.

Vermont State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Vermont requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a Vermont address.

Sales taxes in Vermont are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Vermont set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Vermont.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF VERMONT. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF VERMONT THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF VERMONT, WE SUGGEST YOU VISIT THE VERMONT DEPARTMENT OF TAXES LOCATED AT HTTPS://TAX.VERMONT.GOV/HOME/.

Virginia State Sales Tax Requirements for Bullion & Collectibles Industry

The Commonwealth of Virginia requires the collection of use taxes on certain products sold by SilverTowne and delivered to a Virginia address. These taxes must be collected on (1) bullion products made of copper or palladium; (2) coins that are mediums of exchange if the sale price of a single sales transaction is less than $1,000; (3) numismatic coins if such coins cannot be used as mediums of exchange and if the sale price of a single sales transaction is less than $1,000; (4) any sale of gold, silver, or platinum bullion if the sale price of a single sales transaction is less than $1,000; (5) any sale of gold, silver or platinum bullion if such metals have not gone through a refining process; (6) accessory items; and (7) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Virginia:

  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin or bar form.
  • 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.
  • Legal Tender. Coins that must be accepted if offered in payment of a debt.
  • Single Sales Transaction. Determined per invoice, and not on a line-item basis.
  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Medium of Exchange. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Use taxes in Virginia are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Virginia set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Virginia.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE COMMONWEALTH OF VIRGINIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE COMMONWEALTH OF VIRGINIA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE COMMONWEALTH OF VIRGINIA, WE SUGGEST YOU VISIT THE VIRGINIA DEPARTMENT OF TAXATION LOCATED AT HTTPS://TAX.VIRGINIA.GOV/.

Washington State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Washington requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Washington address. These taxes must be collected on (1) copper products; (2) numismatic coins; (3) accessory items; and (4) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Washington:

  • Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Washington are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Washington set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Washington.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WASHINGTON. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF WASHINGTON THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WASHINGTON, WE SUGGEST YOU VISIT THE WASHINGTON DEPARTMENT OF REVENUE LOCATED AT HTTPS://DOR.WA.GOV/.

West Virginia State Sales Tax Requirements for Bullion & Collectibles Industry

The State of West Virginia requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a West Virginia address.

Sales taxes in West Virginia are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in West Virginia set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in West Virginia.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WEST VIRGINIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF WEST VIRGINIA THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. 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.

Wisconsin State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Wisconsin requires SilverTowne to collect sales taxes on all products sold by SilverTowne and delivered to a Wisconsin address.

Sales taxes in Wisconsin are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Wisconsin set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Wisconsin.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WISCONSIN. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF WISCONSIN THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WISCONSIN, WE SUGGEST YOU VISIT THE WISCONSIN DEPARTMENT OF REVENUE LOCATED AT HTTPS://WWW.REVENUE.WI.GOV/PAGES/HOME.ASPX.

Wyoming State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Wyoming requires the collection of sales taxes on certain products sold by SilverTowne and delivered to a Wyoming address. These taxes must be collected on (1) any coins that have gold or silver content but are not recognized as mediums of exchange for the payment of debts and taxes; (2) any coins or bullion made of platinum, palladium, or copper; (3) any bullion products that are made of gold or silver if such bullion is not stamped or imprinted with its weight and purity; (4) accessory items; and (5) processed items. All other products sold by SilverTowne are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Wyoming:

  • Medium of Exchange. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
  • 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.
  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin or bar form.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.

Sales taxes in Wyoming are calculated at checkout on the SilverTowne website based on (1) the taxability of products sold by SilverTowne in Wyoming set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Wyoming.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WYOMING. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF WYOMING THAT RELATE TO THE READER’S TRANSACTIONS WITH SILVERTOWNE. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF WYOMING, WE SUGGEST YOU VISIT THE WYOMING DEPARTMENT OF REVENUE LOCATED AT HTTP://REVENUE.WYO.GOV/.

Loading...