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.

3.2.1.27 - 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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