Tag Archives: sales tax

Precious Metals Spot Prices Down, Physical Market Premiums Up Strong

For those of us who have seen volatile markets multiple times over the decades, it is entirely understandable that when the spot prices in the “paper” commodity markets suddenly plummet, the premiums for actual physical gold and silver coins and … Continue reading

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Community Voice Response: e-Newsletter Feb. 14

From the Feb. 14, 2020, Numismatic News E-NewsLetter Are you concerned about the ever-increasing tax requirements that affect coin dealers? What impact do you think it will have on the hobby? Here are some answers sent in from our E-Newsletter … Continue reading

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Slight Progress on Ebay Erroneous Sales Tax Charges

By Patrick Heller  Two weeks ago, I wrote about the growing problem of how sales facilitators (referred to by many states as “market providers”) such as Amazon and eBay are now required to collect and remit the sales taxes applicable … Continue reading

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Wayfair Tax Nightmare Comes to Light For Coin Dealers

By Patrick Heller As explained during the Industry Council for Tangible Assets meetings at the Florida United Numismatists convention in Orlando earlier this month, dozens to hundreds of coin dealers are now facing requirements to register with state treasury departments … Continue reading

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Will Some Precious Metals IRA Purchases Be Subject To Sales Taxes?

There will doubtless be a number of unintended consequences arising out of the June 2018 Supreme Court decision in South Dakota v. Wayfair. The issue in this court case was whether the South Dakota government could require some out-of-state sellers … Continue reading

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Tax reality starts to clobber coin collectors

It does not pay to be a coin collector in Wisconsin. Or a paper money collector, for that matter. As the phrase goes, “reality bites.” Stack’s Bowers Galleries has issued a statement to its clients of what it needs to … Continue reading

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