Kansas Precious Metals Tax Information
The state of Kansas requires APMEX to collect sales taxes on certain products sold by APMEX and delivered to a Kansas address.
Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of Kansas. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the state of Kansas that relate to the reader’s transactions with APMEX.
- What Precious Metals Are Taxed?
Taxes must be collected on copper products, Certain Coins, Certain Currency, Numismatics, Accessory Items, and Processed Items. All other products sold by APMEX are exempt from these taxes.
- Taxable Products in Kansas
The following definitions apply to products on which these taxes must be collected in Kansas:
- Certain Currency. Currency that is sold as a collectible or investment as evidenced by a sales price that is higher than the face value or the current exchange rate.
- Certain Coins. All coins made of Palladium, Platinum, or any other metal.
- Numismatics. Any item sold as a collectible or investment.
- Accessory Items. Items such as holders, tubes or coin flips.
- Processed Items. Precious metals that have been processed by third parties into items valued on more than their precious metal content, such as jewelry, statues or colorized coins.
- How Does Kansas Calculate Precious Metals Taxes?
Sales taxes in Kansas are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Kansas set forth above and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Kansas.
APMEX began collecting sales taxes in Kansas in October 2019.