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Should I grade a Krugerrand
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<p>[QUOTE="-jeffB, post: 26228789, member: 27832"]One oddity here in North Carolina is that <i>coins and bullion</i> are exempt from sales tax, but <i>jewelry</i> is not.</p><p><br /></p><p>So, want to buy a 1ozt AGE in a big heavy bezel that contains another 2/10ozt of gold? That'll be close to $4000 even if it's sold at melt, plusc another $300 for sales tax.</p><p><br /></p><p>Pop the coin out of the bezel and sell the two separately? The coin's tax-free, and tax on the bezel (I think it's still counted as jewelry) will be $50.</p><p><br /></p><p>Melt the bezel into a blob and sell it? Now it's completely tax-free. Not sure if you can make it "not-jewelry" by just pounding it into a lump.</p><p><br /></p><p>If a dealer tried to sell that krugerrand-in-a-bezel here, sales tax on the coin-in-a-bezel would be more than the value of the bezel itself. It would absolutely make more sense to sell them individually, with a "free installation" service if the customer wanted them assembled.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 26228789, member: 27832"]One oddity here in North Carolina is that [I]coins and bullion[/I] are exempt from sales tax, but [I]jewelry[/I] is not. So, want to buy a 1ozt AGE in a big heavy bezel that contains another 2/10ozt of gold? That'll be close to $4000 even if it's sold at melt, plusc another $300 for sales tax. Pop the coin out of the bezel and sell the two separately? The coin's tax-free, and tax on the bezel (I think it's still counted as jewelry) will be $50. Melt the bezel into a blob and sell it? Now it's completely tax-free. Not sure if you can make it "not-jewelry" by just pounding it into a lump. If a dealer tried to sell that krugerrand-in-a-bezel here, sales tax on the coin-in-a-bezel would be more than the value of the bezel itself. It would absolutely make more sense to sell them individually, with a "free installation" service if the customer wanted them assembled.[/QUOTE]
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