New Mexico Sales Tax for Precious Metals
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.
220.127.116.11 - 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.
Tax By State
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia