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<p>[QUOTE=&quot;NPCoin, post: 597361, member: 5629&quot;]One good thing about Wyoming is coin and precious metals are not taxable.&nbsp; However, if it is sold in a holder, and that holder is calculated in the cost of the coin, it is taxable (at least the sale of the holder).&nbsp; Perusing Michigan&#039;s tax code, it appears that individuals who sell coins and precious metals get&nbsp; partial exemption of 2% of the sales tax, which would leave a 4% sales tax liability, I believe.&nbsp; The good part is that Michigan apparently has no use tax on coin and bullion.</p><p><br /></p><p><br /></p><p><br /></p><p>I&#039;m sorry, but please refer to <a href="http://www.irs.gov/publications/p544/ch02.html#en_US_publink100072542" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.irs.gov/publications/p544/ch02.html#en_US_publink100072542" rel="nofollow">IRS publication 544</a>, as coin and bullion are capital assets, and thus generally subject to capital gain.[/QUOTE]</p><p><br /></p>

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