The State of New York mandates the imposition of sales taxes on certain items sold by Registry Coins and shipped to a New York address. It is imperative to collect these taxes on (1) copper products; (2) bullion products if the sale amount does not exceed $1,000; (3) bullion products if the sale amount exceeds $1,000, and such bullion products are further manufactured, processed, assembled, or fabricated by the buyer; (4) bullion items are subject to different pricing when the sales amount surpasses $1,000, with the final price influenced by factors beyond their metal content; (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 New York:

Bullion. Gold, silver, platinum, palladium, or a blend of these metals in the form of bars, ingots, or commemorative medallions, whose worth is determined by their metal content rather than their physical shape.

Sale Amount. Determined per invoice and not on a line-item basis.

Price Paid. The price paid is considered to reflect the metal content when it does not surpass either the daily closing bullion cash price of the metal or the face value of the coins at prevailing exchange rates, with the following percentages applied:

(a) for silver coins, 140%;

(b) for gold coins weighing one-quarter ounce or less, 120%; or

(c) for other coins, including gold coins weighing more than one-quarter ounce, 115%. For bars, rounds, or ingots, the price paid is deemed to be based on their metal content if it does not exceed 115% of the bullion cash price of the metals.

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

Registry Coins began collecting sales taxes in New York on May 1, 2024. Our sales tax license number in New York is 80-0197860.

If you operate as a New York-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 New York. 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 New York, we suggest you visit the New York State Department of Taxation and Finance at https://www.tax.ny.gov/