Pennsylvania Precious Metals Tax Information
The state of Pennsylvania requires the collection of sales taxes on certain products sold by APMEX and delivered to a Pennsylvania address.
Please note: The below 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 the state of Pennsylvania that relate to the reader’s transactions with APMEX.
- What Precious Metals Are Taxed?
Taxes must be collected on Copper products, coins that are not investment coins, accessory items and processed items. All other products sold by APMEX are exempt from these taxes.
- Taxable Products in Pennsylvania
The following definitions apply to products on which these taxes must be collected in Pennsylvania:
- Non-Investment Coins. Coins that are not currently or were not previously used as legal tender in the United States or any foreign country.
- 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 Pennsylvania Calculate Precious Metals Taxes?
Sales taxes in Pennsylvania are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Pennsylvania set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Pennsylvania.
APMEX began collecting sales taxes in Pennsylvania in January 2019.