Tennessee Tax Regulations for Precious Metals
Due to unprecedented demand for gold and silver bullion along with the fluid situation as it relates to COVID-19, all orders may have further extended delays which are past our normal processing time and any already stated product delay dates. We are working around the clock to ship all orders as soon as possible.

Tennessee Sales Tax for Precious Metals

Published: April 23, 2020

ALL 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.

Opinion No. 12-110 Tennessee Attorney General (December 28, 2012)

Sales Tax on Gold and Silver Coins

The State of Tennessee may legally collect sales tax on exchanges of gold and silver coins when gold and silver coins are exchanged based on their intrinsic value as precious metals or as collectible items, rather than their value as legal tender as set by Congress. Such transactions are considered taxable sales of tangible personal property under the Retailers’ Sales Tax Act, codified at Tenn. Code Ann. §§ 67-6-101 to -907.

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