This tax guide provides a detailed and technical, yet easy-to-read, overview of the state sales tax rules for BOLD Precious Metals in Texas. BOLD's sales tax license number is 3-20594-2687-7, and their phone number is 1-866-454-2653.
"In Texas, the sales tax rules for precious metals depend on the type of item"
Old or collectible coins that were formerly accepted as legal tender in the United States or other nations, with a value determined by their scarcity, need, condition, and production. Uncirculated and proof coins fall under this category.
Coins manufactured in the US or other nations using purified gold or silver, whose worth is decided by the shifting market prices for precious metals. These coins are commonly acquired as assets and may be retained in an IRA under 26 USCS 408(m).
Bars, ingots, or other products comprising pure gold or silver of 99.5% pure or higher, 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.
The paper currency that initially served as legal tender in the United States or a different country, with a market value determined by its scarcity, demand, and quality.
Coins produced from pure platinum, palladium, or other precious metals that are struck in the USA or other nations and the value of which is based on fluctuations in the market prices for precious metals. These coins are often purchased as investments and can be held within an IRA under 26 USCS § 408(m).
Bars, ingots, or other products comprising 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.
Sales taxes in Texas 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 Texas.
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 Texas. 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 Texas, we recommend visiting the Texas Comptroller of Public Accounts at https://comptroller.texas.gov/.
Affiliations
Copyright BOLD Precious Metals 2024
