North Carolina Tax Regulations for Precious Metals
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North Carolina Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in state code§ 105-164.13(69), the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a North Carolina address:

EXEMPT

  1. Numismatic coins and other legal tender metal items of the U.S. or foreign nations, valued at more than face value;

  2. Refined bullion bars of any precious metal sold for investment, and sold according to its precious metal content and not form;

  3. Currency NOT made of metal, that is legal tender in the U.S. or foreign nations, valued at more than face value.

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

Our Account ID is 601193288. Certificate of Registration Sales & Use Tax

North Carolina Tax Code - Sales Tax Exemptions For Precious Metals

§ 105-164.13(69)
Sales of non-coin currency, investment metal bullion, and investment coins. For purposes of this subdivision, the following definitions apply:

a. Investment coins. –Numismatic coins or other forms of money and legal tender manufactured of metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory or nominal value of such coins.
b. Investment metal bullion. –Any elementary precious metal that has been put through a process of smelting or refining and that is in such state or condition that its value depends upon its content and not upon its form. The term does not include fabricated precious metal that has been processed or manufactured for one or more specific and customary industrial, professional, or artistic uses.
c. Non-coin currency. –Forms of money and legal tender manufactured of a material other than metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory or nominal value of such currency.

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