This tax guide provides a detailed and technical, yet easy-to-read, overview of the state sales tax rules for BOLD Precious Metals in North Dakota. Currently, BOLD is not required to collect state sales tax in North Dakota, and therefore does not have a sales tax license number. However, BOLD continually analyzes these requirements and this status may change in the future.
"In North Dakota, the sales tax rules for precious metals depend on the type of item"
Antique and rare coins, formerly accepted as legal tender in the United States or various nations, possess value determined by scarcity, popularity, condition, and production quantity. This encompasses pristine coins and authenticated proofs.
Paper currency, formerly accepted as official currency in the United States and other nations, now holds value determined by its scarcity, market demand, and state of preservation.
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 forms containing refined gold of 99.5% purity, refined silver of 99.9% purity, refined platinum of 99.95% purity, or refined palladium of 90% purity or more but less than the minimum fineness standards.
Coins made from refined precious metals that are minted in a country other than the United States, whose value is determined by the fluctuating market price of precious metals, often purchased as an investment, and have fineness of 90% or greater but may not meet minimum fineness standards.
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, or purified palladium of 90% purity or higher but below required purity criteria.
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.
If you have any questions or need assistance, please contact BOLD's customer support team:
This information doesn't cover all sales tax laws and requirements in North Dakota. 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 North Dakota, we recommend visiting the North Dakota Office of State Tax Commissioner at https://www.nd.gov/tax/
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