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<p>[QUOTE=&quot;-jeffB, post: 2465498, member: 27832&quot;]North Carolina has no threshold -- any purchase of coins or PM, no matter how large or small, is taxable (unless you&#039;re buying from the US mint directly).</p><p><br /></p><p>How this plays out in real life:</p><p><br /></p><p>1) At shows, dealers maintain that sales tax is &quot;included in the marked price&quot;. I have no doubt that some dealers fail to submit tax to NC, but it&#039;s not my job to police them.</p><p><br /></p><p>2) When you buy from out-of-state, you&#039;re responsible for reporting and submitting &quot;use tax&quot; on your return. However, <i>if you do not have records of all your out-of-state purchases</i>, you have the option of paying a flat amount, equivalent to saying &quot;I spent 1% of my total income on out-of-state purchases&quot;. Since I don&#039;t retain records for (say) every burger or soda I buy when traveling out-of-state, my choice is obvious.</p><p><br /></p><p>3) When I&#039;m shopping for coins (outside of a show), if I buy from an in-state seller, I get charged sales tax on the spot. If I buy from an out-of-state seller, it falls under the flat-rate coverage, which means that I <i>legally</i> &quot;don&#039;t owe use tax&quot; (I&#039;m fulfilling my legal obligation by paying the flat amount, and buying another coin from out-of-state does not impose further obligation).</p><p><br /></p><p>Now, what sorts of buying patterns do you imagine this produces?[/QUOTE]</p><p><br /></p>

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