Connecticut
The State of Connecticut mandates the collection of sales taxes on specific items sold by Registry Coins and shipped to a Connecticut address. These taxes must be collected on (1) platinum, palladium, and copper products; (2) certain numismatic coins; (3) accessory items; (4) processed items; and (5) any individual sales transaction involving gold and silver items with a total value below $1,000. All other products sold by Registry Coins are exempt from these taxes.
The following definitions apply to products subject to tax collection in Connecticut:
Certain Numismatic Coins: Coins made of precious metals that have never been, or were not, officially recognized as legal tender by any government worldwide.
Single Sales Transaction: Defined per invoice and not on a line-item basis.
Accessory Items: Products such as holders, tubes, coin flips, and apparel.
Processed Items: Refined precious metals transformed by third parties into objects valued for qualities beyond their metal content, such as colorized coins or statues.
Sales taxes in Connecticut are calculated at checkout on the Registry Coins website based on (1) the taxability of items sold by Registry Coins in Connecticut as described above, and (2) the specific tax rates set by the taxing jurisdiction at the delivery location in Connecticut.
Registry Coins began collecting sales taxes in Connecticut on May 1, 2024. Our sales tax license number in Connecticut is 106178047001.
If you are a Connecticut-based reseller and wish to submit a Reseller Certificate to Registry Coins, please contact us at Contact@RegistryCoins.com. Once we receive your completed Reseller Certificate, we will input it into our system. As long as your Reseller Certificate remains valid and active, you will not incur sales taxes on future orders.
Please note: This summary does not cover all aspects of sales tax laws and requirements in the State of Connecticut. It is intended to provide a general overview of the relevant laws and requirements for transactions with Registry Coins in the state. For further information on Connecticut sales tax laws, we recommend visiting the Connecticut Department of Revenue Services website at https://www.ct.gov/drs/site/default.asp.