Taxes

Sales Delivered in Massachusetts to State Residents

Retail sales invoices of $1,000 or less delivered in Massachusetts to state residents are subject to 6.25% state sales tax.

Invoices above $1,000 are tax free.

Sales Shipped to All Other States

For the last 20 years or so, CRO has been selling to customers around the country essentially on a tax-free basis.

With the exception of the invoices to customers in Massachusetts noted above, ALL of our retail invoices shipped from here to all other customers in the United States have been tax-free.

Unfortunately, those halcyon tax-free days have come to an end based on the recent Supreme Court decision.

Effective January 1, 2019, all coin sellers (including CRO) are now required by law to collect sales tax on all retail numismatic sales to customers in states that do not have a full numismatic and bullion tax exemption.

What does that mean?

If you live in Massachusetts you will see no change. 

If you live in one of the following 16 non-exempt states or the District of Columbia, your interstate retail numismatic purchases (be they internet orders, phone orders or any other method which involves a transaction across state lines) are now subject to tax at the following rates:

 Arkansas  6.5%
 Hawaii  4%
 Kansas  6.5%
 Kentucky  6%
 Maine  5.5%
 Minnesota
 6.875%
 Mississippi  7%
 Nevada  6.85%
 New Jersey
 7%
 New Mexico
 5.125%
 New York
 4%
 Ohio  5.75%
 Tennessee  7%
 Vermont  6%
 West Virginia  
 6%
 Wisconsin  5%
 Washington D.C.  
 5.75%

This means that tax at the relevant rate will be applied to the total value of your purchases from us and added to each invoice.

If you are NOT a resident of Massachusetts, and you do NOT live in one of the states specifically listed in the table above, congratulations!  All of your coin purchases from CRO will continue to be tax free.

Again, this is not our decision - this is the new law and applies to all of the coin dealers and auction houses in our industry, wherever they are based.

If anyone has any questions about these new tax laws please contact us by phone or email.
 


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