Really? I once paid with a pre-paid credit card. I was charged a little extra but hey it was a christmas gift.
haha and i find it odd dealers take credit cards. one explained it to me as he is selling real money, in return he wants money not a number on a screen. plus i am sure there is the whole tax thing
I've been told by multiple dealers in the area that they can take credit cards for anything but bullion, and that they are required to take cash only for that. The reason being, all the other money is technically classified as collectibles. I also heard from several that they aren't supposed to tax you on anything under $1500, because they don't have to pay taxes on that, but this dealer 30 minutes from here will charge you tax if you spend $1.
I've bought plenty, and never paid taxes except at one dealer. Most of the guys around here don't even have registers, they deal all cash. And if it were true, then why don't banks tax you when you buy a box of coins? Not saying you're wrong, I genuinely don't know, I just know when and where I have and have not paid taxes, and it has not ever happened in Virginia Beach, only Chesapeake. Maybe it's a city by city thing?
Because you're paying face value for those boxes of coins, right? I posted this on another thread this morning. The fact that "many dealers" you buy from do not collect sales tax, as they should, doesn't necessarily mean that Virginia doesn't require collectible numismatic items to be taxed. http://thecoinologist.com/sales-tax-state-by-state-breakdown/ State by state list.
BU, that is a good, basic site for state by state sales tax info. Keep in mind that dealers who only accept cash are not doing so to avoid paying sales tax (this cost is, after all, passed onto the buyer anyway). He's doing cash-only deals so he doesn't have to pay income tax on any profit he generated from the sale.
The first line was in regards to your link. The rest was simply a general comment. i figured you'd know the other part.