New Jersey Sales Tax for Precious Metals
As defined in state code, ALL items sold by Gainesville Coins are subject to state sales tax when shipped to a New Jersey address.
Our SST ID is S00114059. Certificate of Authority NJ Sales & Use Tax effective 04/22/2019
New Jersey Tax Code - Sales Tax On Precious Metals
Only gold or silver in the proper form for futures contracts, and used to settle such contracts, are exempt from sales tax.Gold or silver converted to use by a purchaser IS taxable.
Retail sales of gold coins and gold and silver bullion, priced according to their metal content, are considered sales of tangible personal property which are subject to sales and use tax.
Sales of gold coins and gold and silver bullion are exempt from sales and use tax, ONLYwhen used as a medium of exchange
Tax By State
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia