Mississippi Precious Metals Tax Information
Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of Mississippi. 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 Mississippi that relate to the reader’s transactions with APMEX.
What Precious Metals Are Taxed?
Taxes must be collected on Copper products that do not have a denomination value, accessory items and processed items. All other products sold by APMEX are exempt from these taxes.
Taxable Products in Mississippi
The following definitions apply to products on which these taxes must be collected in Mississippi:
- 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 Mississippi Calculate Precious Metals Taxes?
Sales taxes in Mississippi are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Mississippi set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Mississippi. APMEX began collecting sales taxes in Mississippi in October 2018.