Collectible / Gold and Silver State Sales Taxes in Massachusetts
Massachusetts Laws and Regulations
The State of Massachusetts requires the collection of sales taxes on certain products sold by Silver.com and delivered to a Massachusetts address. These taxes must be collected on (1) copper, platinum, and palladium products; (2) any single sales transaction of numismatic coins if the value of the sale is less than $1,000: (3) any single sales transaction of gold or silver products that are not numismatic coins if the value of the sale is less than $1,000; (4) any single sales transaction of gold or silver legal tender of any nation if the value of the sale is less than $1,000; (5) accessory items; and (6) processed items. All other products sold by Silver.com are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in Massachusetts:
- Single Sales Transaction. Determined per invoice, and not on a line-item basis.
- 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.
- Legal Tender. Coins that must be accepted if offered in payment of a debt.
- 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 Massachusetts are calculated at checkout on the Silver.com website based on (1) the taxability of products sold by Silver.com in Massachusetts set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Massachusetts.
Silver.com began collecting sales taxes in Massachusetts on October 1, 2018. Our sales tax license number in Massachusetts is SLS-18830489-003.
If you are a Massachusetts-based reseller and wish to file a Reseller Certificate with Silver.com, please download the Massachusetts 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., 5930 Royal Lane, Suite E-151, 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 Massachusetts. 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 Massachusetts 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 Massachusetts, we suggest you visit the Massachusetts Department of Revenue located at https://www.mass.gov/orgs/massachusetts-department-of-revenue.