West Virginia Tax Regulations for Precious Metals
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West Virginia Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in state code §11-15-9r, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a West Virginia address:

EXEMPT

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

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

  3. Coins made of gold, silver, platinum, palladium or other metal, declared legal tender by the U.S. or a foreign nation, with a fair market value greater than face value.

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

Note that commemorative medallions, regardless of content, are not exempt from sales tax.

Our Account Number is 2375-4950.

West Virginia Tax Code - Sales Tax Exemptions For Precious Metals

§11-15-9r. Exemption for precious metals.
(a) Notwithstanding any provision of this code to the contrary, the sale of investment metal bullion or investment coins as defined in subsections (b) and (c) of this section are exempted from the taxes imposed by this article and §11-15A-1 et seq. of this code.
(b) "Investment metal bullion" means any elementary precious metal which has been put through a process of smelting or refining, including gold, silver, platinum, and palladium, and which is in such a 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 industrial, professional, aesthetic, or artistic uses.
(c) "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.

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