Collectible / Gold and Silver State Sales Taxes in Nevada
Nevada Laws and Regulations
The State of Nevada requires the collection of sales taxes on certain products sold by Silver.com and delivered to a Nevada address. These taxes must be collected on copper products; coins that are not used as mediums of exchange; bullion that is not used as a medium of exchange; accessory items; and 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 Nevada:
- Coins or Bullion Which Are Not Used As Mediums of Exchange. Coins, bullion, or currency that are not acceptable as a measure of value and a standard of exchange for goods and services.
- 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 Nevada are calculated at checkout on the Silver.com website based on (1) the taxability of products sold by Silver.com in Nevada set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Nevada.
Silver.com began collecting sales taxes in Nevada on October 1, 2018. Our sales tax license number in Nevada is 1034116010-001.
Please note: The above is not a comprehensive description of sales tax laws and requirements in the State of Nevada. 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 Nevada 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 Nevada, we suggest you visit the Nevada Department of Taxation located at https://tax.nv.gov/.