Rhode Island Sales Tax on Gold & Silver Bullion / Coins
Rules and Regulations for the State of Rhode Island
BGASC is required to collect tax on some items shipping to Rhode Island, however sales tax will not be charged for Gold, Silver, Platinum, or Palladium bullion items as they are exempt from sales tax when shipping to a Rhode Island address.
The State of Rhode Island requires the collection of taxes on certain products sold by BGASC and delivered to a Rhode Island address. These taxes must be collected on (1) copper products; (2) bullion products that are not melted or refined; (3) accessory items; and (4) processed items. All other products sold by BGASC are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in Rhode Island:
- Bullion: Precious metal that is valued solely upon its precious metal content, whether in coin or ingot form.
- 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 Rhode Island are calculated at checkout on the BGASC website based on (1) the taxability of products sold by BGASC in Rhode Island set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Rhode Island.
BGASC began collecting taxes in Rhode Island on April 1, 2019.
Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of Rhode Island. 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 Rhode Island 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 Rhode Island, we suggest you visit the Rhode Island department of revenue located at http://www.tax.ri.gov/.
Buying Gold and Silver in Rhode Island
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 Rhode Island 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 Rhode Island, and offers a great value and buying experience.