Last updated on May 18, 2023

New York 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 New York. BOLD's sales tax license number is 811249494, and their phone number is 1-866-454-2653.

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

Fully Exempt if Total Order Amount is Greater than $1,000:

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.
Bars, ingots, or other products comprising pure gold of 99.5% pure or higher and silver of 99.9% pure, platinum of 99.95% fineness or higher, refined valuable metals of 99.95% pure or more.
Bars, ingots, or other forms containing refined platinum, palladium, or other precious metals of 90% purity or more but less than the minimum fineness standards.

Taxable at State Sales Tax Rate:

Rare or antique coins and paper currency, which were previously accepted as legal tender in the United States or other nations, possess a market value determined by their scarcity, desirability, condition, and minting. This category encompasses uncirculated coins, proof coins, and exceptional examples crafted from refined gold or silver.

Sales taxes in New York 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 New York.

New York-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 New York. 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 New York, we recommend visiting the New York State Department of Taxation and Finance at https://www.tax.ny.gov/.