Idaho Taxes

Idaho Precious Metals Tax Information

The state of Idaho requires the collection of sales taxes on certain products sold by APMEX and delivered to an Idaho address.

Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of Idaho. 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 Idaho that relate to the reader’s transactions with APMEX.

  • What Precious Metals Are Taxed? Taxes must be collected on certain numismatic items, accessory items and processed items. All other products sold by APMEX are exempt from these taxes.
  • Taxable Products in Idaho. The following definitions apply to products on which these taxes must be collected in Idaho:
    • Numismatic Products. Medallions, tokens or other coins created to commemorate a historical event.
    • 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 Idaho Calculate Precious Metals Taxes? Taxes in Idaho are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Idaho set forth above and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Idaho.APMEX began collecting taxes in Idaho in April 2019.

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Should I Buy?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

What Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

How To Buy Gold and Silver?

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is how to buy them. Gold and Silver are different than your typical investments. While buying Precious Metals can be important for investing, it can also be a fun shopping experience. One guideline for buying Precious Metals is to keep the buying process as simple as possible. Plus, one should only buy them from respectable retailers with longstanding credibility for quality, like APMEX.