The State of Minnesota mandates the imposition of sales taxes on certain items sold by Registry Coins and shipped to a Minnesota address. It is imperative to collect these taxes on (1) copper products; (2) all coins; (3) precious metal bullion that does not meet certain purity requirements; (4) accessory items; and (5) 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 Minnesota:

Coins: A coin made of gold, silver, or other metal which is or has been used as legal tender.

Precious Metal Bullion: Any precious metal bullion not conforming to the definition of Precious Metal Bullion. Precious Metal Bullion is specifically described as “bars or rounds that consist of 99.9 percent or more by weight of either gold, silver, platinum, or palladium and are marked with weight, purity, and content.”

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 Minnesota are calculated at checkout on the Registry Coins website based on (1) the taxation status of items vended by Registry Coins in Minnesota as delineated earlier, and (2) the particular tax rates set by the taxing jurisdiction at the delivery location in Minnesota.

Registry Coins began collecting sales taxes in Minnesota on May 1, 2024. Our sales tax license number in Minnesota is 9492730.

If you operate as a Minnesota-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 Minnesota. 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 Minnesota, we suggest you visit the Minnesota Department of Revenue located at https://www.revenue.state.mn.us/.