Georgia Precious Metals Tax Information
The state of Georgia requires the collection of sales taxes on certain products sold by APMEX and delivered to a Georgia address.
Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of Georgia. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the state of Georgia that relate to the reader’s transactions with APMEX.
What Precious Metals Are Taxed?
Taxes must be collected on Palladium products, Copper products, certain currency, accessory items and processed items. All other products sold by APMEX are exempt from these taxes.
Taxable Products in Georgia
The following definitions apply to products on which these taxes must be collected in Georgia:
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- Certain Currency. Currency that has not been issued as legal tender.
- Accessory Items. Items such as holders, tubes or coin flips.
- Processed Items. Precious Metals that have been processed by third parties into items valued on more than their Precious Metal content, such as jewelry, statues or colorized coins.
How Does Georgia Calculate Precious Metals Taxes?
Sales taxes in Georgia are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Georgia set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Georgia.APMEX began collecting sales taxes in Georgia in January 2019.