Apmex Charing Sales Tax On Ebay - Page 2

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Author	Replies: 19 / Views: 5,490	Page: of 2

MikeF Pillar of the Community United States 3479 Posts	Posted 10/19/2018 10:01 pm It looks like it's still state-specific: " Unfortunately this ruling affects our clients that reside in states that do collect sales tax and do not have exemptions for the purchase of coins, currency or bullion. "As a result, effective August 1, 2018, Stack's Bowers Galleries is required by law to collect the applicable state sales tax for items delivered to the following states — Hawaii, Kentucky, Maine, Minnesota, Mississippi, Ohio and Vermont. "If you are attending an auction or show and pick up your purchases, the sales tax for the location for the auction or show will apply. "Dealers with valid sales tax numbers who have provided us with a resale certificate will be exempt." As Heritage offers a great deal of material beyond its numismatic categories, such as furniture, jewelry and antiques, Heritage has not released a blanket statement, according to Eric Bradley, director of public relations there. "There is no single announcement," Bradley said. "It depends on the client's state of residence and that state's sales tax law." A banner announcement at the Heritage website for one of the affected content categories reads: "For Coins: Effective August 1st, Heritage Auctions is required by state law to charge applicable sales tax on any items in this category delivered to addresses in the following states: Hawaii, Kentucky, Maine, Mississippi, Ohio. Exemptions include dealers with valid sales tax numbers who are purchasing for resale and who furnish us with a properly completed resale certificate, for the states listed above. See paragraph #25 in our Terms and Conditions for more information" Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 10/19/2018 10:08 pm Quote: It looks like it's still state-specific: For now, until counties and cities say we have different taxes why can't we get those too. But yes technically the location of the buyer is supposed to determine it now which unfortunately means that a bunch of states now won't really be good of buyers in auctions. Report this Post to the Staff
macmercury Pillar of the Community United States 5832 Posts	Posted 10/19/2018 10:47 pm Tax on top of taxes... Report this Post to the Staff
everything Valued Member United States 493 Posts	Posted 11/18/2018 6:52 pm More cost-prohibitive to invest, adding .75-1.00 to cost of an oz., then shipping (if not free), then premium (whatever that is), then storage and time (waiting to sell for a return), but raw silver is still flying off the shelves since miners are pushing a billion ounces mined yearly. Meanwhile, they are finally talking silver surplus. Report this Post to the Staff
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