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Applicable US Taxes for Precious Metals

Rules and Regulations by State

On June 21, 2018, the Supreme Court of the United States announced a decision in the "South Dakota vs. Wayfair Inc." Case where it was argued that the state was losing out on local sales taxes as consumers were buying more and more online rather than going to the local stores. A precedent was set years ago (1992) where if the online retailer had no presence in the state, no local taxes needed to be collected. This time, the Court ruled in favor of South Dakota, creating a new precedent for all US states to force online retailers to collect and remit local sales taxes.

At Kitco, we are adapting to these new regulations and working hard to make this change as easy and transparent as possible for you. We have created this page for you to see how much tax would you be charged depending on the products you purchase and the delivery address of your order (please note taxes are charged based on the state the delivery address is, not your phyisical address).

If you have any more questions, we recommend you to contact your tax advisor/proffesional.

States where we currently collect US Taxes

Please select the US State where the destination address is located:

Colorado

Colorado requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Colorado.

These taxes are to be collected on:

  1. Copper products
  2. Some numismatic products
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 33820756

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Colorado. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Connecticut

Connecticut requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Connecticut.

These taxes are to be collected on:

  1. Platinum, palladium and copper products
  2. Some numismatic coins
  3. Accessories
  4. Processed items
  5. Any gold and silver products for which the sales transaction amount is less than USD$1,000

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 78462868001

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Connecticut. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Georgia

Georgia requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Georgia.

These taxes are to be collected on:

  1. Palladium products
  2. copper products
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 175926624

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Georgia. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Hawaii

Hawaii requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state/islands of Hawaii.

Kitco Metals Inc. program account number: GE-102-372-8128-01

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state/islands of Hawaii. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Idaho

Idaho requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Idaho.

These taxes are to be collected on:

  1. copper products
  2. Accessories
  3. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 005229741

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Idaho. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Illinois

Illinois requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Illinois.

These taxes are to be collected on:

  1. Palladium products
  2. Copper products
  3. Bullion which purity is less than .980 fine
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 4323-5301

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Illinois. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Indiana

Indiana requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Indiana.

These taxes are to be collected on:

  1. Copper products
  2. Gold bullion (bars, coins and rounds) which purity is less than .995 fine
  3. Silver bullion (bars, coins and rounds) which purity is less than .999 fine
  4. Platinum bullion (bars, coins and rounds) which purity is less than .9995 fine
  5. Palladium bullion (bars, coins and rounds) which purity is less than .9995 fine
  6. Coins not considered "American Eagles (proof or not)", or coins not issued under the law of the United States
  7. Numismatic coins
  8. Accessories
  9. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 0166984710

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Indiana. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Iowa

Iowa requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of Iowa.

Kitco Metals Inc. program account number: 200183466

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Iowa. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Kentucky

Kentucky requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of Kentucky.

Kitco Metals Inc. program account number: 000829005

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Kentucky. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Louisiana

Louisiana requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Louisiana.

These taxes are to be collected on:

  1. Bullion products made of palladium or copper
  2. Coins made of copper, platinum or palladium (unless they have a numismatic value)
  3. Any gold, silver or platinum products for which the sales transaction amount is less than USD$1,000
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 2455159-001

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Louisiana. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Maine

Maine requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of Maine.

Kitco Metals Inc. program account number: 1199860

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Maine. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Michigan

Michigan requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Michigan.

These taxes are to be collected on:

  1. Copper products
  2. Palladium products
  3. Gold, silver or platinum bullion product with purity less than .900
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 98-1470129

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Michigan. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Minnesota

Minnesota requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Minnesota.

These taxes are to be collected on:

  1. Copper products
  2. All coins
  3. Bullion that does not meet certain purity requirements
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 6131421

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Minnesota. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Nevada

Nevada requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Nevada.

These taxes are to be collected on:

  1. Copper products
  2. Coins not used as a mediums of exchange
  3. Bullion that does not meet certain purity requirements
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 1041193424

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Nevada. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

New Jersey

New Jersey requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of New Jersey.

Kitco Metals Inc. program account number: 98-1470129

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of New Jersey. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

New York

New York requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of New York.

These taxes are to be collected on:

  1. Copper products
  2. Gold, silver, platinum or palladium products for which the sales transaction amount is less than USD$1,000
  3. Gold, silver, platinum or palladium products for which the sales transaction amount is more than USD$1,000 and one of the following applies:
    • a) For Silver coins, sales price for that specific is greater than or equal to 140% of the silver value of the coin
    • b) For Gold Coins with 1/4 ounce or less of Gold in the specific coin, if the sales price of the specific coin is greater than or equal to 120% of the gold value of that coin
    • c) For gold coins with more than 1/4 ounce of gold in the specific coin, if the sales price of the specific coin is greater or equal to 115% of the gold value of that coin
    • d) For platinum or palladium coins, if the sales price for for the specific coin is greater than or equal to 115% of the platinum or palladium value in the coin
    • e) For bars, ingots, wafers or any other form in gold, silver, platinum or palladium, if the sales price of the specific item is greater than or equal to 115% of the precioums metal value in the specific item.
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 98-1470129

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of New York. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

North Carolina

North Carolina requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of North Carolina.

These taxes are to be collected on:

  1. Copper products
  2. Products that are not smelted or refined
  3. Coins that do not have a value beyond their statutory or nominal value
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 003420552

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of North Carolina. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

North Dakota

North Dakota requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of North Dakota.

These taxes are to be collected on:

  1. Copper products
  2. Numismatic coins
  3. Bullion that does not meet certain purity requirements
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 348067 00

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of North Dakota. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Oklahoma

Oklahoma requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Oklahoma.

These taxes are to be collected on:

  1. Copper products
  2. Coins that are not currently, or were not previously, used as legal tender in the United States or any foreign country
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: SVU-15163691-02

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Oklahoma. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Pennsylvania

Pennsylvania requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Pennsylvania.

These taxes are to be collected on:

  1. Copper products
  2. Coins that are not currently, or were not previously, used as legal tender in the United States or any foreign country
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 67651616

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Pennsylvania. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Rhode Island

Rhode Island requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Rhode Island.

These taxes are to be collected on:

  1. Copper products
  2. Bullion products that are not melted or refined
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 209673825

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Rhode Island. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

South Carolina

South Carolina requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of South Carolina.

These taxes are to be collected on:

  1. Copper and palladium products
  2. Coins that are not currently, or were not previously, used as legal tender in the United States or any foreign jurisdiction
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: L0009564723

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of South Carolina. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Tennessee

Tennessee requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of Tennessee.

Kitco Metals Inc. program account number: 1001206229

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Tennessee. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Texas

Texas requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Texas.

These taxes are to be collected on:

  1. Copper and palladium bullion products
  2. Copper and palladium bullion coins>
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 3-20709-4927-9

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Texas. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Utah

Utah requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Utah.

These taxes are to be collected on:

  1. Copper and palladium products
  2. Bullion products made of gold, silver, or platinum if the gold, silver, or platinum content of such product is less than 50%
  3. Numismatic coins unless such numismatic coins are also used as legal tender
  4. Accessories
  5. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 14859474-003-STC

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Utah. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Vermont

Vermont requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of Vermont.

Kitco Metals Inc. program account number: SUT-11013384

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Vermont. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Washington

Washington requires the collection of sales taxes on some of the products sold by Kitco which are delivered to any address in the state of Washington.

These taxes are to be collected on:

  1. Copper products
  2. Numismatic coins
  3. Accessories
  4. Processed items

All other products sold by Kitco are exempt from these taxes.

Kitco Metals Inc. program account number: 604-460-554

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Washington. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

West Virginia

West Virginia requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of West Virginia.

Kitco Metals Inc. program account number: 2376-9338

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of West Virginia. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

Wisconsin

Wisconsin requires the collection of sales taxes on all of the products sold by Kitco which are delivered to any address in the state of Wisconsin.

Kitco Metals Inc. program account number: 456-1029923909-02

Please note: The above is not a comprehensive description of sales tax laws and requirements in the state of Wisconsin. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in this state that relate to the reader’s transactions with Kitco.

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