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<p>[QUOTE="justafarmer, post: 604490, member: 3926"]Speaking of sales tax on coins – and this is just from a fringe theoretical standpoint – I am of the opinion that ONLY the premium paid over monetary face value of a numismatic item is taxable. Else every-time you went to the bank and purchased change for your business it would create a sales taxable transaction. Every-time you tender a twenty dollar bill for a gallon of milk – the entire $20.00 would be sales taxable – because you are receiving a gallon of milk and the monetary face value of different coinage and currency in exchange. What does this have to do with the subject at hand – nothing really I guess – just thought I would throw it out.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 604490, member: 3926"]Speaking of sales tax on coins – and this is just from a fringe theoretical standpoint – I am of the opinion that ONLY the premium paid over monetary face value of a numismatic item is taxable. Else every-time you went to the bank and purchased change for your business it would create a sales taxable transaction. Every-time you tender a twenty dollar bill for a gallon of milk – the entire $20.00 would be sales taxable – because you are receiving a gallon of milk and the monetary face value of different coinage and currency in exchange. What does this have to do with the subject at hand – nothing really I guess – just thought I would throw it out.[/QUOTE]
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