North Dakota Precious Metals Tax Information
The state of North Dakota requires the collection of sales taxes on certain products sold by APMEX and delivered to a North Dakota address.
Please note: The below 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 the state of North Dakota that relate to the reader’s transactions with APMEX.
- What Precious Metals Are Taxed?
Taxes must be collected on Copper products, Precious Metal bullion that does not meet certain purity requirements, accessory items and processed items. All other products sold by APMEX are exempt from these taxes.
- Taxable Products in North Dakota
The following definitions apply to products on which these taxes must be collected in North Dakota:
- Purity Requirements. Precious Metal bullion that has not been refined to a purity of at least .999 fineness.
- 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 North Dakota Calculate Precious Metals Taxes?
Sales taxes in North Dakota are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in North Dakota set forth above and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in North Dakota.
APMEX began collecting sales taxes in North Dakota in October 2018.