Pennsylvania Tax Regulations for Precious Metals
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Pennsylvania Sales Tax for Precious Metals

By Gainesville Coins
Published: April 23, 2020
Updated: April 23, 2020

As defined in state code 1971 Act 2 Part III §204(65), the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Pennsylvania address:

EXEMPT

  1. Refined bars of elementary precious metal, including gold, silver, platinum, and palladium, sold according to its precious metal content and not form;

  2. Numismatic coins or other forms of money with a fair market value greater than their face value;

  3. Legal tender coins of the U.S. or foreign nations, manufactured from gold, silver, platinum, palladium or other metal, with a fair market value greater than their face value

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

Our Account ID is 67676442. Sales Tax License

Pennsylvania Tax Code - Sales Tax Exemptions For Precious Metals

1971 Act 2 Part III (Exclusions from tax) Section 204:

Section 204. Exclusions from Tax.--The tax imposed by section 202 shall not be imposed upon any of the following:
(Intro. par. amended June 29, 2002, P.L.559, No.89)

(65) The sale at retail or use of investment metal bullion and investment coins.

"Investment metal bullion" means any elementary precious metal which has been put through a process of smelting or refining, including, but not limited to, gold, silver, platinum and palladium, and which is in such state or condition that its value depends upon its content and not its form. "Investment metal bullion" does not include precious metal which has been assembled, fabricated, manufactured or processed in one or more specific and customary industrial, professional, aesthetic or artistic uses.

"Investment coins" means numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium or other metal and of the United States or any foreign nation with a fair market value greater than any nominal value of such coins. "Investment coins" does not include jewelry or works of art made of coins, nor does it include commemorative medallions. ((65) added July 6, 2006, P.L.319, No.67)

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