Nebraska Tax Regulations for Precious Metals
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Nebraska Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in Nebraska Revised Statute 77-2704.66, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Nebraska address:

EXEMPT

  1. Refined gold, silver, platinum, or palladium bullion bars sold according to its precious metal content and not form;

  2. Legal tender coins made of gold, silver, or other metal;

  3. Legal tender paper money.

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

Our State ID Number is 013597515. Sales Tax Permit effective 04/25/2019.

Nebraska Tax Code - Sales Tax Exemptions For Precious Metals

Nebraska Revised Statute 77-2704.66

77-2704.66.
Currency or bullion; exemption.

(1) Sales and use taxes shall not be imposed on the gross receipts from the sale, lease, or rental of and the storage, use, or other consumption in this state of currency or bullion.
(2) For purposes of this section:

(a) Bullion means bars, ingots, or commemorative medallions of gold, silver, platinum, or palladium, or a combination of these, for which the value of the metal depends on its content and not the form; and
(b) Currency means a coin or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.

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