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Precious Metals

You were probably part of it. :poke:
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:lol:
 
Silver has been steady at $25-27 for a long time. It might go up as it is important to electronics and Solar industries.

Shop around at pawn shops, or find that hole in the wall, sole proprietor coin shop. I see local ads on Craigslist selling coin silver for spot plus 10%. Last I knew, my guy was charging 5%.

BTW: In some States, currency does not have a sales tax.

Exempt
  • Alaska: exempt at the state level; may be taxed at the local level
  • Arizona: coins, paper money, precious metals
  • California: coins and bullion when over $1,500 (paper money is taxable)
  • Colorado: exempt at the state level; may be taxed at the local level
  • Connecticut: rare and antique coins and paper money exempt (Bullion is only exempt when over $1,000)
  • Delaware: no state or local sales tax
  • Florida: U.S. coins and currency are exempt. Bullion over $500 is exempt.
  • Georgia: exempt coins, paper money, precious metals
  • Idaho: exempt coins and bullion.
  • Illinois: coins, paper money, precious metals
  • Indiana: rare coins, paper money and precious metals exempt beginning July 1, 2016
  • Iowa: coins, paper money, precious metals
  • Louisiana: gold, silver or numismatic coins, or platinum, gold or silver bullion are generally exempt (prior to the enactment of H 682, only transactions of more than $1,000 were exempt). However, these products are temporarily subject to tax under Acts 25 and 26, 2016. The zero rate is set to resume on July 1, 2018. Additional information.
  • Maryland: numismatic items and bullion transactions of more than $1,000
  • Massachusetts: bullion, coins and paper money transactions of more than $1,000 are exempt
  • Michigan: coins, bullion, legal tender
  • Missouri: bullion and coins are exempt
  • Montana: there is no state sales tax on coins, paper money or precious metals, but local taxes may apply
  • Nebraska: bullion and currency (effective April 2014)
  • Nevada: private mint bars and rounds, and coins sold for less than 50% of the face value of the coins (anything that sells for more than 50% of its face value is taxable)
  • New Hampshire: there is no sales tax in NH
  • New York: bullion when over $1,000
  • North Dakota: coins, paper money, precious metals
  • Oklahoma: gold, platinum, palladium and other bullion items (effective November 2014)
  • Oregon: no state or local sales tax
  • Pennsylvania: bullions and coins are exempt (paper money is taxable)
  • Rhode Island: bullions and coins (paper money is taxable)
  • South Carolina: coins, paper money, precious metals
  • South Dakota: coins, paper money, precious metals
  • Texas: gold, silver, numismatic coins and gold, platinum and silver bullion became exempt in 2013 under HB78
  • Utah: currency or coinage that is legal tender; sales of an ingot, bar, medallion or decorative coin containing at least 50% gold, silver or platinum that is not legal tender
  • Virginia: gold, silver and platinum bullion when the total sales price per transaction exceeds $1,000.
  • Washington State: coins, precious metals (paper money is taxable)
 
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