Collectible / Gold and Silver State Sales Taxes in South Carolina
South Carolina Laws and Regulations
The State of South Carolina requires the collection of sales taxes on certain products sold by Silver.com and delivered to a South Carolina address. These taxes must be collected on (1) copper or palladium products; (2) any coins that are not, or previously were not, used as legal tender in the United States or any other jurisdiction; (3) accessory items; and (4) 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 South Carolina:
- Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
- 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.
As required by South Carolina law, Silver.com is required to notify its South Carolina customers of the following:
INDIVIDUAL 85 YEARS AND OLDER
You are entitled to a 1% state sales tax reduction on items purchased for your personal use. You must ask for the reduction and present proof of your age.
If you are a South Carolina customer who wishes to claim this 1% reduction in sales tax, please place your order through Silver.com’s toll-free customer service number, 1-800-276-6508. Our customer service representatives will be happy to place your order for you and apply the 1% reduction in sales tax. Before your order is shipped, you will be required to mail, email or fax a copy of a document to Silver.com providing proof of your age.
Sales taxes in South Carolina are calculated at checkout on the Silver.com website based on (1) the taxability of products sold by Silver.com in South Carolina set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in South Carolina.
Silver.com began collecting sales taxes in South Carolina on November 1, 2018. Our sales tax license number in South Carolina is 102924631.
If you are a South Carolina-based reseller and wish to file a Reseller Certificate with Silver.com, please download the South Carolina 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 South Carolina. 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 South Carolina 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 South Carolina, we suggest you visit the South Carolina Department of Revenue located at https://dor.sc.gov/.