New Mexico Tax Regulations for Precious Metals

New Mexico Sales Tax for Precious Metals

Published April 23, 2020

As defined in state code, ALL items sold by Gainesville Coins are subject to New Mexico gross receipts tax when shipped to a New Mexico address.

Our Identification Number is 03-517698-00-9. Registration Certificate effective 11/17/2019

New Mexico Tax Code - Tax On Precious Metals

13-1-93. Definition; tangible personal property.

"Tangible personal property" means tangible property other than real property having a physical existence, including but not limited to supplies, equipment, materials and printed materials. - PROPERTY A. Bills, notes, etc.:

Tangible personal property does not include bills, notes, checks, drafts, bills of exchange, certificates of deposit, letters of credit, or any negotiable instrument. Coins, stamps, and documents which have a historic value or market value in excess of their face value are tangible personal property.

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