Tennessee Precious Metals Tax Information
The state of Tennessee requires APMEX to collect sales taxes on certain products sold by APMEX and delivered to a Tennessee address.
Please note: The below is not a comprehensive description of sales tax laws and requirements in the state of Tennessee. 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 Tennessee that relate to the reader’s transactions with APMEX.
What Precious Metals Are Taxed?
Taxes must be collected on Certain Currency, Accessory Items, and Processed Items. All other products sold by APMEX are exempt from these taxes.
Taxable Products in Tennessee:
The following definitions apply to products on which these taxes must be collected in Tennessee:
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- Certain Currency. Currency that is not currently in circulation.
- 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.
How Does Tennessee Calculate Precious Metals Taxes?
Sales taxes in Tennessee are calculated at checkout on the APMEX website based on (1) the taxability of products sold by APMEX in Tennessee set forth above and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Tennessee. APMEX began collecting sales taxes in Tennessee in October 2019.