Gold & Silver Sales Tax
Buying Products from SD Bullion and Potential Tax Implications
When you purchase products on SDBullion.com, we may have to collect sales tax on some or all of the products you purchase. The amount you pay OR don't pay will be directly related to where you choose to ship the product and what product(s) you decide to purchase. This is important to note since you may be shipping gold or silver to another state you are not living in. In this case, you would be subject to the local sales tax of the state you are shipping metal to.
For example, if the state you live in requires us to collect sales tax but the state you store your gold or silver in does not require us to collect sales tax and you shipped your products to your storage depository, then we would not be required to collect sales tax.
Why are We Required to Collect Sales Tax?
In 1992, in the case of Quill Corp v. North Dakota, the US Supreme Court ruled in favored of Quill Corp. The US Supreme court ruled that Quill Corp did not need to collect sales tax in North Dakota because Quill Corp did not have a physical location in North Dakota.
Fast forward to June 21, 2018, in the case of South Dakota vs Wayfair Inc. This time, the US Supreme ruled in favor of South Dakota. The court ruled that states can require the collection of sales tax on purchases made online.
At SD Bullion, we've been working hard and working with tax experts to figure out which states and products have been affected by this ruling. Below, we have tried to make it as simple as possible for our customers to understand what their order total will be before they complete their purchases.
Sales Tax Product Definitions
Below, we are going state-by-state to let you know what products we are required to collect sales tax on for each respective state. Before that though, please read and understand the following product type definitions.
Product Type Definitions
All Products = Every product on our website
Accessories = Products found in this category here
Processed Items = Antiqued Proof products, Jewelry, Statues and Colorized Products
Palladium = Any Palladium products on our website
Copper = Any Copper products on our website
Silver Coins = Any Silver Coin products on our website (this does NOT include Silver Bars or Silver Rounds)
Gold Coins = Any Gold Coin products on our website (this does NOT include Gold Bars)
Platinum Bullion = Pure Platinum products such as Platinum Bars
Platinum Coins = Any Platinum Coin products on our website
Numismatic Coins = Coins that are valued for their collectability rather than their metal value. This would include products such as Graded Coins, or Proof Coins.
States We Collect Sales Tax On
To learn which products we have to collect sales tax on, click your "shipping to" state below:
States We Don't Collect Sales Tax On
We are not required to collect sales tax on products being shipped to the following states:
| Delaware | Montana | New Hampshire | Oregon |
Alabama Sales Tax
SD Bullion is required to collect Alabama sales tax on the following items
As required by Alabama law (Rule 810-6-2-.90.02 Simplified Sellers Use Tax Remittance Program), SD Bullion is required to notify its Alabama customers of the following:
- SD Bullion, Inc. has collected the Simplified Sellers Use Tax on certain transactions delivered into Alabama and the tax will be remitted on the customer's behalf to the Alabama Department of Revenue.
- SD Bullion, Inc.'s program account number is SSU-R010072952
Taxes in Alabama are calculated at checkout on the SD Bullion website based on (1) the taxability of products sold by SD Bullion in Alabama set forth above and (2) the Alabama Simplified Sellers Use Tax rate of 8%.
Alaska Sales Tax
SD Bullion is not required to collect Alaska state sales tax. However, some of the local jurisdictions require SD Bullion to collect sales tax on the following items
- All products
Arizona Sales Tax
SD Bullion is required to collect Arizona sales tax on the following items
Arkansas Sales Tax
SD Bullion is required to collect Arkansas sales tax on the following items
California Sales Tax
SD Bullion is required to collect California sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium Bullion
- Platinum Bullion
- Gold, Silver, Platinum Coins, Palladium Coins, & Numismatics less than $2,000
Colorado Sales Tax
SD Bullion is required to collect Colorado sales tax on the following items
Connecticut Sales Tax
SD Bullion is required to collect Connecticut sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Platinum Coins
- Platinum Bullion
- Numismatics
- Gold & Silver Transactions less than $1,000
Florida Sales Tax
SD Bullion is required to collect Florida sales tax on the following items
- Copper
- Palladium
- Processed Items
- Accessories
- Coins and bullion if the total transaction is less than $500 unless:
- the coin or currency is legal tender of the United States
- the coin or currency is legal tender of a country other than the United States, and is sold at its face value.
Georgia Sales Tax
SD Bullion is required to collect Georgia sales tax on the following items
Hawaii Sales Tax
SD Bullion is required to collect Hawaii sales tax on the following items
- All Products
Idaho Sales Tax
SD Bullion is required to collect Idaho sales tax on the following items
Illinois Sales Tax
SD Bullion is required to collect Illinois sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Bullion below .980 purity
- Any coins that were issued by any other U.S. state other than the State of Illinois
Indiana Sales Tax
SD Bullion is required to collect Indiana sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Foreign Gold Coins and Gold Bullion below .995 purity, Foreign Silver Coins and Silver Bullion below .999 purity, Foreign Platinum Coins, Platinum Bullion, Foreign Palladium Coins & Palladium Bullion below .9995 purity
Iowa Sales Tax
SD Bullion is required to collect Iowa sales tax on the following items
Kansas Sales Tax
SD Bullion is required to collect Kansas sales tax on the following items
Kentucky Sales Tax
SD Bullion is required to collect Kentucky sales tax on the following items
- Accessories
- Copper
- Processed Items
Louisiana Sales Tax
SD Bullion is required to collect Louisiana sales tax on the following items
Maine Sales Tax
SD Bullion is required to collect Maine sales tax on the following items
- All Products
Maryland Sales Tax
SD Bullion is required to collect Maryland sales tax on the following items
- Accessories
- Processed Items
- Copper
- Coins that have not been used as mediums of exchange in any country
- Precious metal bullion and coin transactions less than or equal to $1,000
Massachusetts Sales Tax
SD Bullion is required to collect Massachusetts sales tax on the following items
- Copper
- Accessories
- Platinum Coins & Bullion
- Palladium Coins & Bullion
- Processed Items
- Any Numismatic Transaction Less Than $1,000
- Any Transaction of Gold or Silver products Less Than $1,000
Michigan Sales Tax
SD Bullion is required to collect Michigan sales tax on the following items
Minnesota Sales Tax
SD Bullion is required to collect Minnesota sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Gold Coins, Silver Coins, Platinum Coins, and Palladium Coins
- Gold, Silver, Platinum, & Palladium Bullion below .999 purity
Mississippi Sales Tax
SD Bullion is required to collect Mississippi sales tax on the following items
Missouri Sales Tax
SD Bullion is required to collect Missouri sales tax on the following items
Nebraska Sales Tax
SD Bullion is required to collect Nebraska sales tax on the following items
Nevada Sales Tax
SD Bullion is required to collect Nevada sales tax on the following items
New Jersey Sales Tax
- Investment metal bullion
- Investment coin: the individual, numismatic coin must have a fair market value of not less than $1,000
New Mexico Sales Tax
SD Bullion is required to collect New Mexico sales tax on the following items
- All Products
New York Sales Tax
SD Bullion is required to collect New York sales tax on the following items
- Accessories
- Processed Items
- Copper
- Any transaction if the aggregate amount for Precious Metals is less than or equal to $1,000
- Any transaction if the aggregate amount for Precious Metals is greater than $1,000 and one of the following is true:
- For Silver coins, if the sales price for the specific coin is greater than or equal to 140% of the Silver value in the specific coin;
- For Gold coins with 1/4 ounce or less of Gold in the specific coin, if the sales price of the specific coin is greater than or equal to 120% of the Gold value in the specific coin;
- For Gold coins with more than 1/4 ounce of Gold in the specific coin, if the sales price of the specific coin is greater than or equal to 115% of the Gold value in the specific coin;
- For Platinum or Palladium coins, if the sales price for the specific coin is greater than or equal to 115% of the Platinum or Palladium value in the specific coin;
- For bars, ingots, wafers or any other form in Gold, Silver, Platinum or Palladium, if the sales price of the specific item is greater than or equal to 115% of the Gold, Silver, Platinum or Palladium value in the specific item
North Carolina Sales Tax
SD Bullion is required to collect North Carolina sales tax on the following items
North Dakota Sales Tax
SD Bullion is required to collect North Dakota sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Gold, Silver, Platinum, and Palladium bullion below .999 purity
Ohio Sales Tax
SD Bullion is required to collect Ohio sales tax on the following items
- Accessories
- Processed Items
- Copper
- Gold bullion below 0.995% purity, Silver bullion below 0.999% purity, Platinum bullion below 0.9995% purity, Palladium bullion below 0.9995% purity
- Gold, Silver, Platinum, or Palladium coins with less than 50% metal content
Oklahoma Sales Tax
SD Bullion is required to collect Oklahoma sales tax on the following items
Pennsylvania Sales Tax
SD Bullion is required to collect Pennsylvania sales tax on the following items
Rhode Island Sales Tax
SD Bullion is required to collect Rhode Island sales tax on the following items
South Carolina Sales Tax
SD Bullion is required to collect South Carolina sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
As required by South Carolina law, SD Bullion is required to notify its South Carolina customers of the following:
INDIVIDUAL 85 YEARS AND OLDER 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 with us over the phone at 1-800-294-8732. One of our customer service representatives will 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 SD Bullion providing proof of your age.
South Dakota Sales Tax
SD Bullion is required to collect South Dakota sales tax on the following items
Tennessee Sales Tax
SD Bullion is required to collect Tennessee sales tax on the following items
Texas Sales Tax
SD Bullion is required to collect Texas sales tax on the following items
Utah Sales Tax
SD Bullion is required to collect Utah sales tax on the following items
Vermont Sales Tax
SD Bullion is required to collect Vermont sales tax on the following items
- All Products
Virginia Sales Tax
SD Bullion is required to collect Virginia sales tax on the following items
Washington Sales Tax
SD Bullion is required to collect Washington sales tax on the following items
Washington DC Sales Tax
SD Bullion is required to collect Washington DC sales tax on the following items
- All Products
West Virginia Sales Tax
SD Bullion is required to collect West Virginia sales tax on the following items
Wisconsin Sales Tax
SD Bullion is required to collect Wisconsin sales tax on the following items
- Accessories
- Gold, Silver, Platinum, Palladium, and Copper bullion with less than 35% metal content
- Other personal property that contains, in whole or in part, precious metal bullion, such as jewelry, works of art, scrap metal, or electronics
Wyoming Sales Tax
SD Bullion is required to collect Wyoming sales tax on the following items
- Accessories
- Processed Items
- Copper
- Gold or silver coins not used as mediums of exchange
- Gold or silver bullion which is not coined, stamped or imprinted with its weight and purity and valued primarily based on its metal content and not its form
Gold & Silver Sales Tax
Buying Products from SD Bullion and Potential Tax Implications
When you purchase products on SDBullion.com, we may have to collect sales tax on some or all of the products you purchase. The amount you pay OR don't pay will be directly related to where you choose to ship the product and what product(s) you decide to purchase. This is important to note since you may be shipping gold or silver to another state you are not living in. In this case, you would be subject to the local sales tax of the state you are shipping metal to.
For example, if the state you live in requires us to collect sales tax but the state you store your gold or silver in does not require us to collect sales tax and you shipped your products to your storage depository, then we would not be required to collect sales tax.
Why are We Required to Collect Sales Tax?
In 1992, in the case of Quill Corp v. North Dakota, the US Supreme Court ruled in favored of Quill Corp. The US Supreme court ruled that Quill Corp did not need to collect sales tax in North Dakota because Quill Corp did not have a physical location in North Dakota.
Fast forward to June 21, 2018, in the case of South Dakota vs Wayfair Inc. This time, the US Supreme ruled in favor of South Dakota. The court ruled that states can require the collection of sales tax on purchases made online.
At SD Bullion, we've been working hard and working with tax experts to figure out which states and products have been affected by this ruling. Below, we have tried to make it as simple as possible for our customers to understand what their order total will be before they complete their purchases.
Sales Tax Product Definitions
Below, we are going state-by-state to let you know what products we are required to collect sales tax on for each respective state. Before that though, please read and understand the following product type definitions.
Product Type Definitions
All Products = Every product on our website
Accessories = Products found in this category here
Processed Items = Antiqued Proof products, Jewelry, Statues and Colorized Products
Palladium = Any Palladium products on our website
Copper = Any Copper products on our website
Silver Coins = Any Silver Coin products on our website (this does NOT include Silver Bars or Silver Rounds)
Gold Coins = Any Gold Coin products on our website (this does NOT include Gold Bars)
Platinum Bullion = Pure Platinum products such as Platinum Bars
Platinum Coins = Any Platinum Coin products on our website
Numismatic Coins = Coins that are valued for their collectability rather than their metal value. This would include products such as Graded Coins, or Proof Coins.
States We Collect Sales Tax On
To learn which products we have to collect sales tax on, click your "shipping to" state below:
States We Don't Collect Sales Tax On
We are not required to collect sales tax on products being shipped to the following states:
| Delaware | Montana | New Hampshire | Oregon |
Alabama Sales Tax
SD Bullion is required to collect Alabama sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Items below .900 Purity
Alaska Sales Tax
SD Bullion is not required to collect Alaska state sales tax. However, some of the local jurisdictions require SD Bullion to collect sales tax on the following items
- All products
Arizona Sales Tax
SD Bullion is required to collect Arizona sales tax on the following items
- Accessories
- Processed Items
- Copper
Arkansas Sales Tax
SD Bullion is required to collect Arkansas sales tax on the following items
- Accessories
- Processed Items
- Copper
California Sales Tax
SD Bullion is required to collect California sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium Bullion
- Platinum Bullion
- Gold, Silver, Platinum Coins, Palladium Coins, & Numismatics less than $2,000
Colorado Sales Tax
SD Bullion is required to collect Colorado sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
Connecticut Sales Tax
SD Bullion is required to collect Connecticut sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Platinum Coins
- Platinum Bullion
- Numismatics
- Gold & Silver Transactions less than $1,000
Florida Sales Tax
SD Bullion is required to collect Florida sales tax on the following items
- Copper
- Palladium
- Processed Items
- Accessories
- Coins and bullion if the total transaction is less than $500
Georgia Sales Tax
SD Bullion is required to collect Georgia sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
Hawaii Sales Tax
SD Bullion is required to collect Hawaii sales tax on the following items
- All Products
Idaho Sales Tax
SD Bullion is required to collect Idaho sales tax on the following items
- Accessories
- Processed Items
- Copper
Illinois Sales Tax
SD Bullion is required to collect Illinois sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Bullion below .980 purity
Indiana Sales Tax
SD Bullion is required to collect Indiana sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Foreign Gold Coins and Gold Bullion below .995 purity, Foreign Silver Coins and Silver Bullion below .999 purity, Foreign Platinum Coins, Platinum Bullion, Foreign Palladium Coins & Palladium Bullion below .9995 purity
Iowa Sales Tax
SD Bullion is required to collect Iowa sales tax on the following items
- Accessories
- Processed Items
- Copper
Kansas Sales Tax
SD Bullion is required to collect Kansas sales tax on the following items
- Accessories
- Processed Items
- Copper
- All coins except those made of gold or silver
Kentucky Sales Tax
SD Bullion is required to collect Kentucky sales tax on the following items
- All Products
Louisiana Sales Tax
SD Bullion is required to collect Louisiana sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Numismatics (if more than $1,000)
Maine Sales Tax
SD Bullion is required to collect Maine sales tax on the following items
- All Products
Maryland Sales Tax
SD Bullion is required to collect Maryland sales tax on the following items
- Accessories
- Processed Items
- Copper
- Coins that have not been used as mediums of exchange in any country
- Precious metal bullion and coin transactions less than or equal to $1,000
Massachusetts Sales Tax
SD Bullion is required to collect Massachusetts sales tax on the following items
- Copper
- Accessories
- Platinum Coins & Bullion
- Palladium Coins & Bullion
- Processed Items
- Any Numismatic Transaction Less Than $1,000
- Any Transaction of Gold or Silver products Less Than $1,000
Michigan Sales Tax
SD Bullion is required to collect Michigan sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Metals below .90 purity
Minnesota Sales Tax
SD Bullion is required to collect Minnesota sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Gold Coins, Silver Coins, Platinum Coins, and Palladium Coins
- Gold, Silver, Platinum, & Palladium Bullion below .999 purity
Mississippi Sales Tax
SD Bullion is required to collect Mississippi sales tax on the following items
- Copper
- Accessories
- Processed Items
Missouri Sales Tax
SD Bullion is required to collect Missouri sales tax on the following items
- Copper
- Accessories
- Processed Items
Nebraska Sales Tax
SD Bullion is required to collect Nebraska sales tax on the following items
- Accessories
- Processed Items
- Copper
Nevada Sales Tax
SD Bullion is required to collect Nevada sales tax on the following items
- Accessories
- Processed Items
- Copper
New Jersey Sales Tax
SD Bullion is required to collect New Jersey sales tax on the following items
- All Products
New Mexico Sales Tax
SD Bullion is required to collect New Mexico sales tax on the following items
- All Products
New York Sales Tax
SD Bullion is required to collect New York sales tax on the following items
- Accessories
- Processed Items
- Copper
- Any transaction if the aggregate amount for Precious Metals is less than or equal to $1,000
- Any transaction if the aggregate amount for Precious Metals is greater than $1,000 and one of the following is true:
- For Silver coins, if the sales price for the specific coin is greater than or equal to 140% of the Silver value in the specific coin;
- For Gold coins with 1/4 ounce or less of Gold in the specific coin, if the sales price of the specific coin is greater than or equal to 120% of the Gold value in the specific coin;
- For Gold coins with more than 1/4 ounce of Gold in the specific coin, if the sales price of the specific coin is greater than or equal to 115% of the Gold value in the specific coin;
- For Platinum or Palladium coins, if the sales price for the specific coin is greater than or equal to 115% of the Platinum or Palladium value in the specific coin;
- For bars, ingots, wafers or any other form in Gold, Silver, Platinum or Palladium, if the sales price of the specific item is greater than or equal to 115% of the Gold, Silver, Platinum or Palladium value in the specific item
North Carolina Sales Tax
SD Bullion is required to collect North Carolina sales tax on the following items
- Accessories
- Processed Items
- Copper
North Dakota Sales Tax
SD Bullion is required to collect North Dakota sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
- Gold, Silver, Platinum, and Palladium bullion below .999 purity
Ohio Sales Tax
SD Bullion is required to collect Ohio sales tax on the following items
- Accessories
- Processed Items
- Copper
- Gold bullion below 0.995% purity, Silver bullion below 0.999% purity, Platinum bullion below 0.9995% purity, Palladium bullion below 0.9995% purity
- Gold, Silver, Platinum, or Palladium coins with less than 50% metal content
Oklahoma Sales Tax
SD Bullion is required to collect Oklahoma sales tax on the following items
- Accessories
- Processed Items
- Copper
Pennsylvania Sales Tax
SD Bullion is required to collect Pennsylvania sales tax on the following items
- Accessories
- Processed Items
- Copper
Rhode Island Sales Tax
SD Bullion is required to collect Rhode Island sales tax on the following items
- Accessories
- Processed Items
- Copper
South Carolina Sales Tax
SD Bullion is required to collect South Carolina sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
South Dakota Sales Tax
SD Bullion is required to collect South Dakota sales tax on the following items
- Accessories
- Processed Items
- Copper
- Numismatics
Tennessee Sales Tax
SD Bullion is required to collect Tennessee sales tax on the following items
- Accessories
- Processed Items
Texas Sales Tax
SD Bullion is required to collect Texas sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium Coins and Bullion
- Platinum Coins
Utah Sales Tax
SD Bullion is required to collect Utah sales tax on the following items
- Accessories
- Processed Items
- Copper
- Palladium
- Any Metal Product below .500 purity
Vermont Sales Tax
SD Bullion is required to collect Vermont sales tax on the following items
- All Products
Virginia Sales Tax
SD Bullion is required to collect Virginia sales tax on the following items
- Copper Bullion
- Palladium Bullion
- Numismatic Bullion
- Accessory Items
- Processed Items
Washington Sales Tax
SD Bullion is required to collect Washington sales tax on the following items
- Accessories
- Processed Items
- Copper
Washington DC Sales Tax
SD Bullion is required to collect Washington DC sales tax on the following items
- All Products
West Virginia Sales Tax
SD Bullion is required to collect West Virginia sales tax on the following items
- Accessories
- Processed Items
- Copper
Wisconsin Sales Tax
SD Bullion is required to collect Wisconsin sales tax on the following items
- Accessories
- Gold, Silver, Platinum, Palladium, and Copper bullion with less than 35% metal content
- Other personal property that contains, in whole or in part, precious metal bullion, such as jewelry, works of art, scrap metal, or electronics
Wyoming Sales Tax
SD Bullion is required to collect Wyoming sales tax on the following items
- Accessories
- Processed Items
- Copper
- Gold or silver coins not used as mediums of exchange
- Gold or silver bullion which is not coined, stamped or imprinted with its weight and purity and valued primarily based on its metal content and not its form