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<p>[QUOTE=&quot;medoraman, post: 995111, member: 26302&quot;]Sales tax on US coinage or currency is illegal because it is legal money. A bank cannot charge you sales tax on a bag of pennies or a stack of bills. However, as soon as you pay more than face value for coins or currency then it becomes a collectible or antique and then is subject to sales tax laws of your state. That is the legal basis states stand on in charging sales tax for money, the fact you are paying over face value. </p><p><br /></p><p>As to which sellers have to charge you sales tax, it depends on their nexus. A nexus is a physical connection to a state. If they have no nexus they are not required to, and usually do not, collect sales tax. Legally, the buyer is then required to pay use tax to his state in lieu of paying sales tax. If your state charges sales tax on coins, and the seller does not collect it, legally you are required to pay the use tax, usually on your yearly tax return. most people do not, though.[/QUOTE]</p><p><br /></p>

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