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<p>[QUOTE="IdesOfMarch01, post: 4007813, member: 39084"]FYI, the majority of U.S. states <i>exempt</i> ancient coins from sales tax:</p><p><br /></p><p><a href="https://www.ha.com/information/state-sales-tax-info.s" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ha.com/information/state-sales-tax-info.s" rel="nofollow">https://www.ha.com/information/state-sales-tax-info.s</a></p><p><br /></p><p>For the approximately 17 states that do collect some amount of sales tax, the tax depends on criteria such as total invoice price (some states exempt purchases <i>over</i> a certain amount, other states exempt purchases <i>under</i> a certain amount), the coin's metal (some states exempt gold and silver), etc., and some states include the buyer's premium in the amount taxed while some don't. Check the link above.</p><p><br /></p><p>If you live in a state that exempts ancient coin purchases, you don't have to pay sales tax regardless of the source from which you purchased the coin, as long as it's delivered to your home state.</p><p><br /></p><p>As far as I can determine (which isn't very far, admittedly) coins purchased from countries outside the U.S. are not subject to taxes such as VAT unless the country specifically requires this. In some foreign countries, the VAT is collected only on the buyer's premium (since that's the value being added by the auction house) and not the hammer price of the coin. You can usually find this information in the auction house's <i>Terms and Conditions.</i>[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 4007813, member: 39084"]FYI, the majority of U.S. states [I]exempt[/I] ancient coins from sales tax: [URL]https://www.ha.com/information/state-sales-tax-info.s[/URL] For the approximately 17 states that do collect some amount of sales tax, the tax depends on criteria such as total invoice price (some states exempt purchases [I]over[/I] a certain amount, other states exempt purchases [I]under[/I] a certain amount), the coin's metal (some states exempt gold and silver), etc., and some states include the buyer's premium in the amount taxed while some don't. Check the link above. If you live in a state that exempts ancient coin purchases, you don't have to pay sales tax regardless of the source from which you purchased the coin, as long as it's delivered to your home state. As far as I can determine (which isn't very far, admittedly) coins purchased from countries outside the U.S. are not subject to taxes such as VAT unless the country specifically requires this. In some foreign countries, the VAT is collected only on the buyer's premium (since that's the value being added by the auction house) and not the hammer price of the coin. You can usually find this information in the auction house's [I]Terms and Conditions.[/I][/QUOTE]
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