Wyoming Precious Metals Tax Information
The state of Wyoming requires the collection of sales taxes on certain products sold by APMEX and delivered to a Wyoming address.
Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of Wyoming. 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 Wyoming that relate to the reader’s transactions with APMEX.
- What Precious Metals Are Taxed?
Taxes must be collected on any coins that have Gold or Silver content but are not recognized as mediums of exchange for the payment of debts and taxes; all Copper products; any bullion products made of Gold or Silver if such bullion is not stamped or imprinted with its weight and purity; accessory items; and processed items. All other products sold by APMEX are exempt from these taxes.
- Taxable Products in Wyoming
The following definitions apply to products on which these taxes must be collected in Wyoming:
- Items not recognized as a Medium of Exchange. Coins or currency that are not acceptable as a measure of value and not a standard of exchange for goods and services.
- 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 Wyoming Calculate Precious Metals Taxes?
Sales taxes in Wyoming are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Wyoming set forth above and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Wyoming.
APMEX began collecting sales taxes in Wyoming in February 2019.