Tennessee Sales Tax for Precious Metals
All accessories and copper items sold by Gainesville Coins are subject to state sales tax when shipped to a Tennessee address.
Our Account Number is 1001493936-SLC. Certificate of Registration Sales & Use Tax effective 02/04/2020.
Tennessee Tax Code - Sales Tax Exemptions For Precious Metals
Tennessee Code Annotated, Title 67, Chapter 6, Part 3, is amended by adding the following language as a new section:
There is exempt from the tax imposed by this chapter the sale of all coins, currency, and bullion that are:
(1) Manufactured in whole or in part from gold, silver, platinum, palladium, or other material;
(2) Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; and
(3) Sold based on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange.
Tax By State
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia