Massachusetts
The State of Massachusetts mandates the imposition of sales taxes on certain items sold by Registry Coins and shipped to a Massachusetts address. It is imperative to collect these taxes on (1) copper, platinum, and palladium products; (2) any single sales transaction of numismatic coins if the value of the sale is less than $1,000; (3) any individual sale of gold or silver items, excluding numismatic coins, with a sale value below $1,000; (4) any individual sale of gold or silver legal tender from any nation is permissible if the transaction value falls below $1,000; (5) accessory items; and (6) processed items. All other products sold by Registry Coins are exempt from these taxes.
The ensuing definitions pertain to products subject to tax collection in Massachusetts:
Single Sales Transaction: Determined per invoice, and not on a line-item basis.
Numismatic Coins: Coins that possess an added external worth surpassing the intrinsic value of the precious metal they contain, attributed to factors such as rarity, condition, age, or other external influences.
Legal Tender: Coins that must be accepted if offered in payment of a debt.
Accessory Items: Items such as holders, tubes, coin flips, and apparel.
Processed Items: Refined precious metals transformed by third parties into objects esteemed for qualities beyond their metal value, such as colorized coins or statues.
Sales taxes in Massachusetts are calculated at checkout on the Registry Coins website based on (1) the taxation status of items vended by Registry Coins in Massachusetts as delineated earlier, and (2) the particular tax rates set by the taxing jurisdiction at the delivery location in Massachusetts.
Registry Coins began collecting sales taxes in Massachusetts on May 1, 2024. Our sales tax license number in Massachusetts is SLS-21583507-003.
If you operate as a Massachusetts-based reseller and intend to submit a Reseller Certificate to Registry Coins, please get in touch with us at Contact@RegistryCoins.com. After we’ve received your filled-out Reseller Certificate, we’ll input it into our system. As long as your Reseller Certificate remains valid and active, you will not incur any sales taxes on future orders.
Please note: The preceding overview does not cover all aspects of sales tax laws and requirements in the State of Massachusetts. Its aim is to offer a concise summary of the relevant laws and requirements pertaining to transactions with Registry Coins that are currently applicable in the state. If you would like to research the sales tax laws and requirements in the State of Massachusetts, we suggest you visit the Massachusetts Department of Revenue located at https://www.mass.gov/orgs/massachusetts-department-of-revenue.