Heritage tax on coins in Ohio - very disappointing

Since they started charging Wisconsin tax on my purchases I've considered that extra cost in my bids. In the end it's the consignors who eat the cost.

 

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Bye... the Legislature is meeting...

Senate Bill 70 creates an OPTIONAL single rate INSTEAD of paying your local rate. The implication is that tax is already due after Wayfair.

 

Part of me wonders if they just send a tax added invoice, hoping you just won't notice or care or complain and will just pay it anyway.
I've received invoices, from other states (I live in Texas), with tax added and if I hadn't noticed and complained, I would have paid it.
Was it on purpose or an accident? The seller said accidental and there's no way to prove otherwise.
BTW, not every in-state seller charges sales tax, even if they're supposed to.

 

Hanlon's razor: .never attribute to malice that which can be explained by stupidity.


Much more likely that the change to the software was poorly specified or inadequately tested

 

Someone from Kathy just bought something off me on ebay cost me 15 bucks to mail grrr lol

 

Pennsylvania is completely tax-free for coins and bullion. Housing is cheap, jobs are plentiful. Coin shows, auctions, and sales are beyond strong. We accept incoming numismatists with open arms.

 

And you have snow, ice and you work for the government...

 

No snow between November 15 (8 inches) and a light flurry last night. Almost two months with nothing. Not so bad. Besides, I can't stand heat and/or beaches, so there's that. I'd rather have a -20 degree day than a 90 degree day.

 

Besides, the ANA conventions are NEVER, that is NEVER again going to come to a state that taxes coins.

 

Yeah, the three years I spent in Lancaster included two record-setting winters (cold and snowfall). I was ready to head south, and I'm not ready to head back. Besides, we've got a lot more software jobs, and that's still important to me for the next few years. And we did abolish our sales tax on coins and bullion.

I sure do miss the fresh farm products, though.

 

My personal opinion is it makes some coins from dealers more competitive with heritage. On some of the common date common grade coins I now look more closely at dealers. I will still make competitive bids for some of the harder to get items on heritage. I figure if I use a local dealer I still pay the tax. My most recent coin I could beat on a dealers web site but if they charge shipping then I pay the dealer more than I paid heritage. I also found a dealer with several coins from Heritage auctions - it was from a sale in early December or late November(but not a weekly auction). So the coins were on their site but now the dealers profit built in - so if the dealer bought the coin at 500 and paid 635 (assuming shipping) then it was on their website at 750. So if I won it on heritage I might have paid the 660 or so but would have saved versus buying from the dealer. Now if it was my local dealer I would still have to pay tax - plus their profit margin. So I can still save money. I know Amazon has been charging the tax for much longer than heritage. I still save money using Amazon.

I do lots of comparative shopping. - so for example if a dealer has a coin at 400 dollars and heritage recent sales are 300(including buyers premium) then I throw on tax and shipping which makes it 330. I would bid on Heritage. Now if the dealer was at 350 I might just buy straight from them. Of course I am assuming the coin is of the same quality. I know there are several dealers no matter what they seem high to me - and one has several I would like to add to my collection. But I just can't see paying 100-200 more than what they routinely go for on heritage. So far I just keep hoping heritage gets one that looks as nice as theirs.

Just my own 2 cents worth of opinion. I am really hoping the new taxes keep people from bidding on heritage and I can win a few more.

 

Some coins I want are rarely, if ever, offered by local dealers near me. If an exceptional example shows up in a Heritage auction i won't hesitate to bid accordingly.

 

Well - I can and can't say that. My local dealer will have some absolute beauts that I just can't afford. It is the only place I can go to hold and see some real rarities in hand. I dropped a 40K coin once on the counter - luckily no damage. But then some of what I am looking for that is much more common it is hit or miss on if they would have them and I would like them. And they are more into raw coins which I do like - so sometimes I can get a bargain on those.

 

My recent Heritage invoices have not included any state tax. Coins ranged from $200 - $1000. Didn't get taxed by Stack's either. Invoices were in December. Coins were 90% Silver and a $10 Indian. I live in MI.

 

Does MI charge sales tax on coins?

It can get very confusing. Some states tax coins, some don't and some do up to a certain level and don't if the sale is above that, and some states tax certain kinds of coins but not others. Then since the Supreme Court decision states have to pass laws requiring out of state sellers to charge the taxes, so have passed these laws, some haven't. A seller has to keep all of these straight. Then in the case of Heritage they sell things other than coins so some things that they sell to another state are subject to taxes and other things aren't. Now write software that takes all of that into account in all of its different permutations.

 

Hey dip, what name do you sell under? That might have been me. I'm always buying stuff.

 

I don't believe MI charges sales tax on coins. Earlier in the thread, someone mentioned that MI was one of the states that Heritage adds state tax to the invoices. I have never been charged state taxes on coin sales.