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Apmex Charing Sales Tax On Ebay

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 Posted 10/18/2018  8:56 pm Show Profile   Bookmark this topic Add macmercury to your friends list Get a Link to this Message
I was checking some items on eBay and notice APMEX is charging sales tax when it goes through check out, guess the internet sales tax is coming along like it or not!

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 Posted 10/18/2018  9:05 pm  Show Profile   Bookmark this reply Add Sharkman to your friends list Get a Link to this Reply
I would suggest you consider buying directly from APMEX web site. For some reason they don't allow returns of eBay purchases, but there is a return privilege (I believe 30 days) if purchased off web site. This is important as APMEX uses stock photos, and what you see is not necessarily what you get.
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 Posted 10/19/2018  01:53 am  Show Profile   Bookmark this reply Add owatchman to your friends list Get a Link to this Reply
I've noticed that a lot of things they put on eBay are marked up. Probably to make up for their seller's cost. So, like Sharkman says, buy right from the source.
Edited by owatchman
10/19/2018 01:54 am
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 Posted 10/19/2018  02:16 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I do occasionally buy from the source, but I also take advantage of PayPal 6 months no interest and 10% eBay bucks offer, which save me in the long run, but adding the tax into the equation now it doesn't seem to add up.

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 Posted 10/19/2018  4:25 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
I believe this still depends upon what state you live in. I added an APMEX item to my cart and went all the way to checkout on eBay (didn't actually buy the item though) and sales tax was NOT being charged.
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 Posted 10/19/2018  8:51 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I agree. It depends on the state you are in. I'm in Missouri and never had a problem. I know California(go figure,right?) and Virginia are states you have to pay sales taxes on coins but I think Virginia is working on a solution to fix that.
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 Posted 10/19/2018  9:02 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Add NJ to that list.

It wasn't there before.

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 Posted 10/19/2018  9:03 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I know California(go figure,right?) and Virginia are states you have to pay sales taxes on coins but I think Virginia is working on a solution to fix that.


Sales of 1k or more have no tax in VA for any U.S. coins.

https://news.coinupdate.com/virgini...clude-coins/

CA it's like 1k or 1500 I can't remember they have way to many laws for me to bother to follow lol

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 Posted 10/19/2018  9:06 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I don't know how up to date this list is but here is the link. https://thecoinologist.com/sales-ta...e-breakdown/

The best source would be Heritage or any of the large auction companies. I can't find it on their website right now but I can put in a call to my rep tomorrow and get an updated list.
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 Posted 10/19/2018  9:24 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
So far is APMEX on eBay, I just checked MCM and they don't add the sales tax when checking out, but for how long?

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 Posted 10/19/2018  9:26 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
So far is APMEX on eBay, I just checked MCM and they don't add the sales tax when checking out, but for how long?


All the big boys like that will be doing it by mid next year. Some are starting a little sooner than others and others had to already depending on their presence in a state, but they all will be and same with the auction houses
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 Posted 10/19/2018  9:33 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Baseball, are you saying this is b/c Macmercury lives in New Jersey? or are you saying that internet sales taxes on coins will start being applied nationwide?
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 Posted 10/19/2018  9:48 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Baseball, are you saying this is b/c Macmercury lives in New Jersey? or are you saying that internet sales taxes on coins will start being applied nationwide?


It's getting applied everywhere. Theoretically it should work where it is individualized to the states to fit what they actually require, but it's coming everywhere after the ruling on the ND case this year. The auction houses have already announced they will be starting to do it.

The eBay method will probably be a mess for a while but it's coming. Small sellers are technically exempt in many states but we will see how long that lasts
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 Posted 10/19/2018  9:52 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Can you post a link to that case?
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 Posted 10/19/2018  9:55 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Fire A.J. Preller

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 Posted 10/19/2018  9:55 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
That would kill the online coin market.
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