0
In general, new gold or silver coins are not taxable in most countries as they are considered legal tender. However, it's crucial to consult local tax laws, as regulations vary. Reputable dealers like JM Bullion, APMEX, SD Bullion, and BOLD Precious Metals can provide accurate information regarding any potential taxes related to your purchase. Always verify with the respective dealers and adhere to local tax guidelines to ensure compliance.
Mia Swan
Wiki User
∙ 13y agoIf you buy a gold or silver bullion coin or any coins from the US Mint, it does not charge a tax. Some States do have sales tax on numismatic items but the government does not tax you if you have gold and silver coins.
Add your answer:
Earn +20 pts
Is cancellation of debt taxable in New Jersey?
On February 15, 2010 I called the State of New Jersey and asked this specific question. I was directed to reference a court case in 2000, Weintraub vs The Director. The State representative summarized the case by saying that cancellation of debt income, whether it be business or personal (such as credit card debt cancellation received on a 1099-C form) is NOT taxable for New Jersey state purposes. It is however, taxable at the federal level.
Is gain on sale of rental property taxable to a non resident of New York state?
Yes, both at the Federal and State levels. Your business activity made you taxable on this, and possibly other income, too NYS whether you reside there or not.
What percentage of wages is withheld from your pay check for taxes by the Arizona state government?
It depends on your gross earnings; The new withholding tables are based on a percentage of gross taxable wages. "Gross taxable wages" is the amount that meets the federal definition of "wages".
What is the sales tax on labor in NY?
Many services, such as labor, are generally taxable in New York state. Installation, repair and maintenance are considered taxable services. New York has a destination based sales tax, so the sales tax varies depending on the location you perform the services. New York has different rates for each county, city, and special district, so you will need a tax rate calculator to determine the proper tax rate to collect. Y
Are new roofs subject to pa sales tax?
Yes and no. The cost of the roofing materials (shingles) is subject to sales tax. The cost of the installation labor is not taxable. See this page on the PA Revenue site: https://revenue-pa.custhelp.com/app/answers/detail/a_id/205 " Labor charges to install or repair items that become part of real estate are not taxable. This would include installation of such items as a water heater, boiler, or new roof."
Price of Us Olympics gold and silver commerative coins set?
Many Olympic gold and silver sets were made, the denominations, date and number of coins is needed. Please a new question with more information.
What happened to the ancient Romans when they stopped using gold and silver in their coins?
The Romans did not stop using gold and silver in their coins. There was continuous debasement (reduction of the precious metal content) of the gold and silver coins to the point that they became worthless. The gold and silver content became minimal, however, the use of these two mentals was not actually stopped. This caused hyperinflation. To address this problem Diocletian reformed the Roman coin system and introduced a new gold coin (the solidus) and a new silver one (the argenteus, valued at 1/10 of a solidus) which had a much higher precious metal content. His successor Constantine suspended the issuing of the silver coin to concentrate on minting large quantities of the solidus, which became the standard of the Roman currency system. He then introduced two new silver coins, the millarense (valued at 1/12 of a solidus) and the siliqua (valued at 1/24 of a solidus).
What is the silver content of New Zealand pre decimal coins?
All New Zealand silver coins from 1933 to 1946 had a silver content of 50%. From 1947 onwards, all New Zealand "silver" coins were made from a copper-nickel alloy.
What is in a sixteenth century treasure chest?
The treasure in a sixteenth century treasure chest would have contained gold and silver coins. It might also contain gold and silver objects taken from the New World.
What is the value of a 1889 dollar piece?
Both gold & silver one dollar coins were struck in 1889. Post new question as to type.
Is there gold and silver in New Hampshire?
Much gold very silver
Where can one purchase American Eagle silver coins online?
You have a few options if you wish to purchase American Eagle silver coins online, such as New York Gold Co. Our clients consistently return to us to make new buys or deals since we offer the best costs, items, and venture guidance for valuable metals.
Value of silver coins?
Are they U.S. coins? Which denominations? Post new question.
What is the new Pokemon Silver and Gold called?
Heart Gold and Soul Silver
What is the silver content of a 1946 New Zealand Sixpence?
All New Zealand "silver" coins from 1933 to 1946 inclusive had a 50% silver content. All New Zealand "silver" coins from 1947 onwards, were made from a copper/nickel alloy.
What is the value of a 1994 5 dollar silver proof coin worth?
The US Mint does not produce $5.00 Silver Proof coins. Are you sure it's not gold? Is it a US coin? Post new question.
Is there going to be new Pokemon in Pokemon herat gold and soul silver?
no there wont be but there will be Pokemon that you couldn't get in silver and gold and but no new Pokemon
