Florida
Last updated on January 17, 2024

Florida Sales Tax Guide

This tax guide provides a detailed and technical, yet easy-to-read, overview of the state sales tax rules for BOLD Precious Metals in Florida. BOLD's sales tax license number is 78-8018425298-2, and their phone number is 1-866-454-2653.

"In Florida, the sales tax rules for precious metals depend on the total order amount and the type of item"


Tax Exempt:

  1. All rare or antique coins, whether previously used as legal tender in the U.S. or abroad, including uncirculated coins and proofs, are exempt from sales tax in Florida.

  2. Paper currency that was once legal tender in the U.S., valued for its rarity and condition, is also tax exempt.

Fully Exempt if Total Order Amount is Greater than $500:

  1. Orders that include rare or antique coins, whether made from refined gold, silver, platinum, or palladium, and whether minted in the U.S. or elsewhere, are fully exempt from sales tax when the total exceeds $500. This exemption applies to coins whose value is tied to the market price of precious metals, which are often bought as investments and may be included in IRAs under 26 USCS § 408(m).

  2. Additionally, bars, ingots, or other forms of refined gold or silver with a purity of 99.5% or more, and platinum or palladium bars and forms with a purity of 99.95% or greater, or with at least 90% purity but below the highest fineness standards, are fully exempt if part of an order over $500.

Taxable at State Sales Tax Rate:

    Bars, ingots, or other forms containing refined precious metals, including platinum and palladium, with a purity of 99.95% or greater, are taxable if they do not form part of an order amounting to more than $500.

Sales taxes in Florida are computed at checkout depending on the taxability of items offered by BOLD Precious Metals and the particular tax rates charged by the taxing authority of the delivery location in Florida.

Florida-Based Resellers:

To file a Reseller Certificate with BOLD Precious Metals, please email it to  [email protected] or mail it to BOLD Precious Metals, LLC, 7301 Ranch Road 620 N Suite 155-194, Austin, TX 78726-4537. As long as your Reseller Certificate is still in effect, you are not subject to sales tax on subsequent purchases after receiving it.

Contact Bold

If you have any questions or need assistance, please contact BOLD's customer support team:

1(866) 454-2653 [email protected]

Important

This information doesn't cover all sales tax laws and requirements in Florida. It only provides a detailed and technical overview of the current sales tax laws and requirements for transactions with BOLD Precious Metals. For further research on sales tax laws and requirements in Florida, we recommend visiting the Florida Department of Revenue

Connect

Affiliations

Germani mintPress BurgGolden State MintscottsdalemintPerth mint Auscoin-dealers
cybersourcejvclegalngccoinpcgspaypal

Copyright BOLD Precious Metals 2024