Indiana Sales Tax on Gold & Silver Bullion / Coins
Rules and Regulations for the State of Indiana
BGASC is required to collect tax on some items shipping to Indiana, however sales tax will not be charged for any U.S. Legal Tender coins, and most Gold (.995+up), Silver (.999+up), Plat (.9995+up), Pallad (.9995+up) bullion items as they are exempt from sales tax when shipping to an Indiana address.
The state of Indiana requires the collection of sales taxes on certain products sold by BGASC and delivered to an Indiana address. These taxes must be collected on Copper products, any non-U.S. Legal Tender Gold products with a purity less than .995 fine, any Silver products with a purity less than .999 fine, any Platinum products with a purity less than .9995 fine, any Palladium products with a purity less than .9995 fine, numismatic products, accessory items and processed items.
The state of Indiana also exempts sales of certain coins that are permitted investments by an individual retirement account or an individually directed account. Specifically, approved coins include American Eagles, Proof American Eagles, coins issued under the laws of any state and United States legal tender coins.
The following definitions apply to products on which taxes must be collected in Indiana:
- Numismatic Products: Products with an external value above and beyond the base value of the underlying Precious Metal, due to the item's rarity, condition, age or other external factor.
- Accessory Items: Items such as holders, tubes or coin flips.
- Processed Items: Precious Metals that have been processed by third parties into items valued on more than their Precious Metal content, such as jewelry, statues or colorized coins.
Sales taxes in Indiana are calculated at checkout on the BGASC website based on (1) the taxability of products sold by BGASC in Indiana set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Indiana.
BGASC began collecting taxes in Indiana on April 1, 2019.
Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of Indiana. 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 Indiana that relate to the reader's transactions with BGASC. if you would like to research the sales tax laws and requirements in the state of Indiana, we suggest you visit the Indiana department of revenue located at https://www.in.gov/dor/.
Buying Gold and Silver in Indiana
Buying precious metals from online dealer BGASC has some major advantages. Though BGASC is physically located in Calabasas California, we ship all over the United States, every day.
BGASC offers a huge selection of coin and bullion products for Indiana 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 BGASC 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 BGASC.com:
- Gold and silver shipped directly to your door
- Lower prices than most physical coin stores
- Wide selection
- 24/7 online ordering 365 days a year
- Friendly & knowledgeable customer service
Because online precious metals dealer BGASC may have lower overhead than brick and mortar coin shops, we are be able to pass savings on to our customers. BGASC offers some of the lowest prices available for precious metals.
BGASC is proud to serve the residents of Indiana, and offers a great value and buying experience.