South Carolina Tax Regulations for Precious Metals
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South Carolina Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in SCC §12-36-2120, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a South Carolina address:

EXEMPT

  1. Refined gold, silver, or platinum bullion bars or ingots sold according to its precious metal content and not form;

  2. Coins that are, or have been, legal tender in the U.S. or foreign nations;

  3. Currency (paper money).

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

Our License Number is 100519690. Retail License effective 05/01/2019.

South Carolina Tax Code - Sales Tax Exemptions For Precious Metals

SC Code Section 12-36-2120 (70)

(70)(a) gold, silver, or platinum bullion, or any combination of this bullion;

(b) coins that are or have been legal tender in the United States or other jurisdiction; and
(c) currency.”

Posted In: tax