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<p>[QUOTE="desertgem, post: 1372500, member: 15199"]California's law is here <a href="http://www.boe.ca.gov/meetings/pdf/N3_082311_Rev_Taxation_Code_Sec_6355.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.boe.ca.gov/meetings/pdf/N3_082311_Rev_Taxation_Code_Sec_6355.pdf" rel="nofollow">http://www.boe.ca.gov/meetings/pdf/N3_082311_Rev_Taxation_Code_Sec_6355.pdf</a></p><p><br /></p><p>and basically says that purchases of $1500 ( was 1000 before )or more at one time of bullion or numismatic coins is exempt of state taxes. $1499 or less you owe the tax and sellers should collect it, or they could be in severe problems. It is true that many dealers at shows or such do not collect sales tax on small amounts, but they still pay it on their own out of the profits. There are times when the state will send tax agents into shows to see if tax is being collected when appropriate. Some counties/cities also check for business licenses of sellers.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1372500, member: 15199"]California's law is here [URL]http://www.boe.ca.gov/meetings/pdf/N3_082311_Rev_Taxation_Code_Sec_6355.pdf[/URL] and basically says that purchases of $1500 ( was 1000 before )or more at one time of bullion or numismatic coins is exempt of state taxes. $1499 or less you owe the tax and sellers should collect it, or they could be in severe problems. It is true that many dealers at shows or such do not collect sales tax on small amounts, but they still pay it on their own out of the profits. There are times when the state will send tax agents into shows to see if tax is being collected when appropriate. Some counties/cities also check for business licenses of sellers.[/QUOTE]
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