Anyone dealt with The Executive Coin Co. of Stow, OH?
ajaan
Posts: 17,613 ✭✭✭✭✭
If so, please PM me with your experience.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
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They are beyond the best folks to deal with.
Mike and Dave are honest as the day is long.
HIGHLY RECOMMEND THEM FOR ANYTHING!
I've bought from them a handful of times, haven't had a bad experience.
Did they charge sales tax on a delivery outside of Ohio?
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
They would need to based on their sales history and the Wayfair decision.
I've met them at several coin shows and they have an extensive inventory.
ANA 50 year/Life Member (now "Emeritus")
They have a coin I'm interested in. When I went to check out they charged a sales tax of $38. I'm not in Ohio.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Shipping to an out of state(Ohio) address shouldn't require any tax to be collected. There are, however, tax laws between states and some in-state tax laws which may require that the shipper collect tax. To be honest, I don't have a clue as to how that all works so if it really matters you should ask Executive Coin or somebody who knows about your state's tax collection requirements.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
As @BStrauss3 mentioned, it does not matter that you are not in the state of the seller. As long as your state has sales tax on coins, they have to charge you sales tax (if certain thresholds are met for total sales for the seller). If your state does not have sales tax, then you should contact them to have it removed (unless it is eBay, where the seller does not have control if eBay erroneously charges sales tax).
My state has sales tax on coins. I buy coins from other states and don't pay sales tax. Great Collections and NEN don't charge sales tax. This isn't an eBay sale.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Maybe GC hasn't hit the threshold in your state.
ANA 50 year/Life Member (now "Emeritus")
No. I live in Michigan, there's no sales tax on coins or bullion here.
isn't PMing here sorta against what this forum is about?
Some dealers have not hit the threshold and some probably should be collecting but either don't know it or choose not to. If this dealer is collecting tax, they seem to believe they need to (their interpretation of the law) and are unlikely to waive the tax for an online transaction.
I would think GC would have hit the threshold in New York. But I don't know.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Each State has rules which determine whether the business has nexus in the state. In some cases it is an annual sales figure.
You should not assume that you are exempt.
Not at all. That's why we have the ability to PM each other. Why should all communication be public? If I need your address to send a coin, should you be forced to publish it publicly.
I may have bought 10 coins from them and never, ever a problem of any kind.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
It doesn’t matter where the company is located, it matters where the item is shipped. New York is a weird state for sales tax. They distinguish between coins and bullion; coins are taxable, while bullion is exempt under certain conditions. There’s a gray area, though, for example, if you buy a graded $20 Liberty close to spot price, some might argue it’s just bullion.
Assuming this is an online transaction, Ohio is one of 12 "origin states," meaning the transaction is taxed based on where the sale originated; in this case, Ohio. According to Heritage's handy-dandy tax table, Ohio does tax US and World coins.
If we were all the same, the world would be an incredibly boring place.
Tommy
Top notch
Great folks!!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I have bought from them before, it was a good expierence.
They're regulars at the Michigan State fall conventions. Not quite sure about the spring shows. I don't really attend the spring shows.
Throw a coin enough times, and suppose one day it lands on its edge.
I have dealt with them many times over the years. Never an issue. Never been charged a sales tax either as I live in a no sales tax state so cannot comment on whether you should have been charged (but I suspect your state would think you should)
Thanks for this information - I bought a coin on eBay two days ago from a seller located in Ohio and couldn't figure out why I was being taxed, as I live in a state where coins are exempt from sales tax.
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
Same thing happens if you buy a coin from Massachusetts, they must have a state sales tax no matter where it goes as long as it was sold in the state the dealer must have to charge you the tax.
In Massacbusetts you do not get charged sales tax on coin purchases above $1000. I am not sure about bullion.
Student of numismatics and collector of Morgan dollars
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