New Jersey Precious Metals Tax Information
The state of New Jersey requires the collection of sales taxes on certain products sold by APMEX and delivered to a New Jersey address.
Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of New Jersey. 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 New Jersey that relate to the reader’s transactions with APMEX.
What Precious Metals Are Taxed?
Taxes must be collected on copper products; any single transaction of gold, silver, platinum, or palladium less than $1,000; numismatic coins less than $1,000; accessory items; and processed items. All other products sold by APMEX are exempt from these taxes.
Taxable Products in New Jersey
The following definitions apply to products on which these taxes must be collected in New Jersey:
- Numismatic Products. Products with an external value above and beyond the base value of the underlying Precious Metal, due to the item’s rarity, condition, age or other external factor.
- 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 New Jersey Calculate Precious Metals Taxes?
Sales taxes in New Jersey are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in New Jersey set forth above and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in New Jersey.
