Kentucky Sales Tax Guide

Taxable at State Sales Tax Rate:

1. Antique and rare coins, formerly accepted as official currency in the United States or various nations, possess value determined by scarcity, popularity, condition, and production quantity. This encompasses pristine coins and authenticated proofs.

2. Paper currency, formerly accepted as official payment in the United States and other nations, now holds value determined by its scarcity, market demand, and state of preservation.

3. Precious metal coins crafted from refined gold, silver, platinum, or palladium and produced in various nations, whose worth is influenced by the ever-changing market value of these valuable metals. According to the rules outlined in 26 USCS § 408(m), these coins can be added to an Individual Retirement Account (IRA) and are commonly purchased as investment instruments.

4. Bars, ingots, or other forms containing refined gold of 99.5% purity, refined silver of 99.9% purity, refined platinum of 99.95% purity, or refined precious metals of 99.95% purity or greater.

5. These bars, ingots, or other forms contain refined precious metals with a purity of 90% or higher but fall short of meeting the minimum fineness standards. They encompass refined gold, silver, platinum, and palladium.