Maine Tax Regulations for Precious Metals
BBB McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Sell To Us Precious Metals IRA Secure Storage Blog Coin Library Podcasts Call Us: (813) 482-9300
Menu
 
View Charts
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.

Maine Sales Tax for Precious Metals

By Gainesville Coins
Published: April 23, 2020
Updated: April 23, 2020

As defined in state code Title 36 Part 3 Sales & Use Tax, §1760, ALL items sold by Gainesville Coins are subject to state sales tax when shipped to a Maine address.

Our Registration Number is 1195249. Maine Retailer's Certificate effective 11/01/2018..

Maine Tax Code - Sales Tax Exemptions For Precious Metals

Title 36 Part 3 Sales & Use Tax, §1760 exemptions.

There is no exemption listed for rare and collectible coins or collectible currency, thus they are subject to the 5.5% Maine Sales Tax when sold and delivered to a customer in Maine. Metal coins, foreign coins, and bars or ingots, are not listed as exempt either in the statute, and therefore it would be a sale of tangible personal property, subsequently subject to the 5.5% Maine Sales Tax when sold and delivered to a customer in Maine.

Posted In: tax