Kentucky Tax Regulations for Precious Metals
Due to unprecedented demand for gold and silver bullion along with the fluid situation as it relates to COVID-19, all orders may have further extended delays which are past our normal processing time and any already stated product delay dates. We are working around the clock to ship all orders as soon as possible.

Kentucky Sales Tax for Precious Metals

Published: April 23, 2020
Updated: April 23, 2020

As defined in state code KRS 92-19-56(a), ALL items sold by Gainesville Coins are subject to state sales tax when shipped to a Kentucky address.

Our Streamlined Account Number is S00114056. Sales and Use Tax Permit effective 04/22/2019.

Kentucky Tax Code - Sales Tax Exemptions For Precious Metals

92-19-56 Coins, bullion, stamps, antiques, collectables, commemoratives, and similar items.
(a) Each sale of coins, bullion, stamps, antiques, collectables, commemoratives and other similar items is subject to sales tax even though purchased as an investment. It is immaterial that a gain, benefit or other advantage may not be realized until the resale of the item.

Posted In: tax