Missouri Sales Tax on Precious Metals
All copper, numismatic items, and accessories sold by Gainesville Coins are subject to Missouri state sales tax.
The following types of products are subject to sales taxes in Missouri:
Non-Investment Coins: Any coins that do not have a value greater than their face value.
Currency: Money issued by a sovereign government in any paper form as a medium of exchange.
Accessory Items: Items such as plastic holders, tubes, or coin flips.
Processed Items: Precious metals that have been processed by third parties into items valued on more than their precious metal content, such as jewelry, statues, or colorized coins.
As defined in Missouri Statute 144.815, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Missouri address:
Refined gold, silver, platinum, or palladium bullion bars or ingots sold according to its precious metal content and not form;
Numismatic coins or other forms of money, and legal tender bullion coins made of gold, silver, platinum, or palladium, with a fair market value greater than their face value.
Missouri Tax Code - Sales Tax Exemptions For Precious Metals
144.815. Bullion and investment coins, sales and use tax exemption.
— In addition to the exemptions granted pursuant to the provisions of section 144.030, there shall also be specifically exempted from all local sales taxes, as defined in section 32.085, and sections 144.010 to 144.510 and 144.600 to 144.757, and from the computation of the tax levied, assessed or payable pursuant to all local sales taxes as defined in section 32.085 and sections 144.010 to 144.525 and 144.600 to 144.811, purchases of bullion and investment coins. For purposes of this section, the following terms shall mean:
(1) "Bullion", gold, silver, platinum or palladium in a bulk state, where its value depends on its content rather than its form, with a purity of not less than nine hundred parts per one thousand; and
(2) "Investment coins", numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium or metals with a fair market value greater than the face value of the coins.
Tax By State
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia