Indiana Tax Regulations for Precious Metals
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Indiana Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in state code IC 6-2.5-5-47, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to an Indiana address:

EXEMPT

  1. Legal tender;
  2. Bullion coins that meet the requirements for inclusion in a self-directed IRA
  3. Bullion bars that meet the requirements for inclusion in a self-directed IRA

All other bullion or numismatic items and accessories sold by Gainesville Coins are subject to Indiana state sales tax.

Our Indiana Taxpayer Identification Number is 0167231863-900. Registered Retail Merchant Certificate

Indiana Tax Code - Sales Tax Exemptions For Precious Metals

IC 6-2.5-5-47 Coins, bullion, and legal tender.

Sec. 47. Transactions involving the sale of or the lease or rental of storage for:

(1) coins that are permitted investments by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m);
(2) bullion that would be a permitted investment by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m) if the bullion was in the physical possession of a trustee; or
(3) legal tender;

are exempt from the state gross retail tax.

As added by P.L.195-2016, SEC.1. Amended by P.L.239-2017, SEC.9.

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