Collectible / Gold and Silver State Sales Taxes in Indiana
Indiana Laws and Regulations
The State of Indiana requires the collection of sales taxes on certain products sold by Silver.com and delivered to an Indiana address. These taxes must be collected on (1) copper products; (2) any gold coins, bars, or rounds with a purity of less than 995 parts per 1,000; (3) any silver coins, bars, or rounds with a purity of less than 999 parts per 1,000; (4) any platinum coins, bars, or rounds with a purity of less than 999.5 parts per 1,000; (5) any palladium coins, bars, or rounds with a purity of less than 999.5 parts per 1,000; (6) any coins that are not considered “American Eagles”, “American Eagle Proofs”, or coins that are not issued under the law of the United States; (7) numismatic coins; (8) accessory items; and (9) processed items.
The following definitions apply to products on which taxes must be collected in Indiana:
- Numismatic Coins. Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
- Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
- Accessory Items. Items such as holders, tubes, coin flips, and apparel.
- Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.
Sales taxes in Indiana are calculated at checkout on the Silver.com website based on (1) the taxability of products sold by Silver.com in Indiana set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Indiana.
Silver.com began collecting sales taxes in Indiana on October 1, 2018. Our sales tax license number in Indiana is 0164382194.
If you are an Indiana-based reseller and wish to file a Reseller Certificate with Silver.com, please download the Indiana Reseller Certificate form here. Once you have filled out this form, either email it to firstname.lastname@example.org; or mail it to Silver.com, Inc., 11700 Preston Road, Suite 660153, Dallas, TX 75230. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged sales taxes on future orders as long as your Reseller Certificate remains valid and in force.
Please note: The above is not a comprehensive description of sales tax laws and requirements in the State of Indiana. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the State of Indiana that relate to the reader’s transactions with Silver.com. If you would like to research the sales tax laws and requirements in the State of Indiana, we suggest you visit the Indiana Department of Revenue located at https://www.in.gov/dor/.