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:
|| 4% After 100K in Sales or 200 Transactions Annually
|| 6.5% on Sales Prior to July 1, 2019, Exempt Thereafter
|| 6% After 100K or 200 Transactions Annually
|| 5.5% After 100K or 200 Transactions Annually
| 6.875% After 10 Sales Totaling 100K or More Annually
|| 7% After Sales Totaling 250K Annually
|| 6.85% After 100K in Sales or 200 Transactions Annually
| New Jersey
| 7% After 100K in Sales or 200 Transactions Annually
| New Mexico
| New York
| 7% to 8.75% Depending on Address
|| 5.75% After 500K in Sales
|| 7% After 500K in Sales
|| 6% After 100K in Sales or 200 Transactions Annually
| West Virginia
|| 5% After 100K in Sales or 200 Transactions Annually
| Washington D.C.
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
If anyone has any questions about these new tax laws please contact us by phone or email.