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TUMUSS

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Placid

Yes it is a U.S. coin.

I tried to google for the florida law but only found this on a site that sells coins-gold-jewelry.

As of July1, 1999 there is no longer any sales tax on US coins in the state of Florida Foreign coins & Bullion purchased in amounts over $500 are not taxable for the total amount.
You may now invest in gold & silver just as you would invest in the stock market
You will not have to overcome the initial 7 % sales tax that made an investment in metals a more difficult choice
We deal in gold & silver in any form that you desire.

Sequitur

Link. Do not pay the sales tax -- another fraud.

Sequitur

If the idiot insists you pay the tax, tell him/her you're going to contact the tax board, the state AG and the local white collar division of the DA to report him/her for fraud -- and then, for good measure, tell him/her you hope the taxes he's collected on all U.S.-coin transactions for the last 10 years were remitted to the state. I promise you this person won't sleep for a month -- good!

Hell, I'd report them anyway -- when the state finds out this moron has been collecting tax on U.S. tender, the first question will be, did he remit the taxes to the state? If not, this "vendor" is toast and the consequences will be severe.

Tax fraud hits the state where it counts -- the pocketbook.

TUMUSS

MANY THANKS!!!!

cosmicdebris

Geez they tax darkside stuff.

Rampage

I live in Florida.

There is NO sales tax on coins. I have only ever bought bullion a couple of times and never paid sales tax on that either.

rb7557

Tax darkside stuff??? Hell, give em time, they will figure out how to tax you for toilet flushes!!! "please deposit 4 cents for nest 20 flushes." I hate the taxes in CA.
I hope someone nails this FL dealer if he's pocketing people's money under the guise of
sales tax. I've often wondered if all the CA sales tax collected on ebay was actually turned
in. Some sellers require you to pay and others don't.

roadrunner

As a rule, there are probably few US $20 Saints that would sell for bullion but you could probably concoct one badly scratched enough that it's only value is the gold bullion. Sales tax might be due on such a coin. Currently minted US eagles would be considered bullion imo if their value is within 15% of bullion prices. Proof eagles and MS70 eagles would not. It's certainly a judgement call at what point your $20 gold coin is not considered bullion. Any undamaged XF or better $20 Lib or Saint is probably safe...for now.
Though at anytime the interpretation as to what is collectible and what is bullion could be changed. One reason why I prefer to stay with MS62 or higher Saints.

roadrunner

ebaytrader

We are a Florida based coin & bullion dealer.

Legal tender US coin sales are a non-taxable event. Foreign coins & bullion sales over $500.00 are also exempt from Florida sales tax.

JrGMan2004

<< <i>We are a Florida based coin & bullion dealer.

Legal tender US coin sales are a non-taxable event. Foreign coins & bullion sales over $500.00 are also exempt from Florida sales tax. >>

What he said... I live in FL...

Agflyer

Doesn't bullion have to be .9999% pure?

ebaytrader

<< <i>Doesn't bullion have to be .9999% pure? >>



No, not at all. It can be any object composed primarily of a precious metal with little or no value beyond that of the metal.
For example, sterling (.925) bars are considered bullion.
BTW, you pay a premium for four nine metals. Three nines is what is widely distributed.

TUMUSS

THANKS AGAIN FOR ALL THE INFO AND INPUT!!!