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