CPMEX » Ohio Sales Tax on Gold & Silver Bullion / Coins
Sales Tax Law:
Currently, Ohio law levies a sales tax on precious metals purchases
The State of Ohio requires NPMEX to collect sales taxes on all products sold by NPMEX and delivered to an Ohio address.
Sales taxes in Ohio are calculated at checkout on the NPMEX website based on (1) the taxability of products sold by NPMEX in Ohio set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Ohio.
The state of Ohio removed the sales tax exempt status of precious metals bullion coins & bars and began requiring the collection.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of Ohio. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the state of Ohio that relate to the reader’s transactions with NPMEX. If you would like to research the sales tax laws and requirements in the state of Ohio, we suggest you visit the Ohio department of revenue located at https://www.tax.ohio.gov/.
Buying Gold and Silver in Ohio
Buying precious metals from online dealer NPMEX has some major advantages. Though NPMEX is physically located in Erie Colorado, we ship all over the United States, every day.
NPMEX offers a huge selection of coin and bullion products for Ohio residents to choose from. Buyers can shop by metal type or by form such as coin, round or bar. In addition to potential cost savings, shopping online at NPMEX is convenient and can be done from the comfort of your own home or office. Simply pick the coin or bullion products you want to buy, complete the simple checkout process, and your metals will be quickly shipped to your home or other destination of choice. Your precious metals purchases are fully insured and tracked while in transit.
Benefits to buying gold & silver online at NPMEX.COM:
Because online precious metals dealer NPMEX may have lower overhead than brick and mortar coin shops, we are be able to pass savings on to our customers. NPMEX offers some of the lowest prices available for precious metals.
NPMEX is proud to serve the residents of Ohio, and offers a great value and buying experience.
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