Alabama
Last updated on January 17, 2024

Alabama Sales Tax Guide

This guide offers an easy-to-understand overview of Alabama's state sales tax regulations for transactions involving BOLD Precious Metals. At present, BOLD Precious Metals does not collect state sales tax in Alabama, but this may change with ongoing reviews of tax laws

"In Alabama, the taxability of precious metals depends on the item's type and origin."


Taxable at State Sales Tax Rate:

  1. Rare or antique coins, whether from the United States or other countries, valued for their scarcity, demand, condition, and mintage, including uncirculated coins and proofs.

  2. Paper currency that used to be legal tender, now prized for its rarity and condition.

  3. Precious metal coins from outside the United States that are primarily investment pieces or IRA-eligible but do not meet the minimum fineness standards.

Tax Exempt:

  1. All coins minted in the United States or abroad from refined gold or silver, where the value is based on the current precious metals market prices.

  2. All platinum or palladium coins, regardless of minting location, provided they meet or exceed the market's precious metals pricing.

  3. Bars, ingots, or other forms made from gold with a purity of 99.5%, silver with 99.9% purity, or platinum with 99.95% purity.

  4. Any refined precious metal product that does not meet the highest purity standards but has a purity of 90% or more.

Alabama-Based Resellers:

If you have a Reseller Certificate and wish to purchase from BOLD Precious Metals tax-free, please send it via email to [email protected] or through postal mail to BOLD Precious Metals, LLC, 7301 Ranch Road 620 N Suite 155-194, Austin, TX 78726-4537.

Contact Bold

For any inquiries or assistance, contact BOLD's customer support team at

1(866) 454-2653 [email protected]

Important

This guide is a simplified overview and may not include every aspect of Alabama's sales tax laws. For a more comprehensive understanding, please consult the Alabama Department of Revenue.

Connect

Affiliations

Germani mintPress BurgGolden State MintscottsdalemintPerth mint Auscoin-dealers
cybersourcejvclegalngccoinpcgspaypal

Copyright BOLD Precious Metals 2024