The State of Virginia mandates the imposition of sales taxes on certain items sold by Registry Coins and shipped to a Virginia address. It is imperative to collect these taxes on (1) bullion products made of copper or palladium; (2) numismatic coins if such coins cannot be used as mediums of exchange or to pay debts; (3) any sale of gold, silver, or platinum bullion if such metals have not gone through a refining process; (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 Virginia:

Bullion: Precious metal that is valued solely upon its precious metal content, whether in coin or bar form.

Coin: A small, flat, round piece of metal which is, or has been, used as legal tender, with a number showing its value and often a decorative picture.

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.

Medium of Exchange: Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.

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.

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

Registry Coins began collecting use taxes in Virginia on May 1, 2024. Our use tax license number in Virginia is 12-800197860F-001.

If you operate as a Virginia-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 Virginia. 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 and use tax laws and requirements in the Commonwealth of Virginia, we suggest you visit the Virginia Department of Taxation at https://tax.virginia.gov/.