Massachusetts Tax Regulations for Precious Metals
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Massachusetts Sales Tax for Precious Metals

Published April 23, 2020

As defined in state code General Laws Part I Title IX Chapter 64H §6, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Massachusetts address:

EXEMPT

  1. Numismatic coins, on purchases of $1,000 or more;

  2. Refined gold or silver bullion bars or ingots sold according to its precious metal content and not form, on purchases of $1,000 or more;

  3. Gold or silver legal tender of the U.S. or a foreign country, on purchases of $1,000 or more

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

Our Account ID is SLS-1951624-003. Massachusetts Sales & Use Tax Registration Certificate effective 08/01/2019.

Massachusetts Tax Code - Sales Tax Exemptions For Precious Metals

General Laws Part I Title IX Chapter 64H Section 6

Section 6. The following sales and the gross receipts therefrom shall be exempt from the tax imposed by this chapter:

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(ll) Sales of one thousand dollars or more of

(i) rare coins of numismatic value;
(ii) gold or silver bullion or coins; or
(iii) gold or silver tender of any nation

traded and sold according to its value as precious metal. The word ''bullion'' shall not include fabricated precious metal which has been processed or manufactured for industrial, professional or artistic uses.

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