Minnesota Gold & Silver Bullion / Collectible State Sales Taxes

Rules and Regulations for the State of Minnesota

The State of Minnesota requires the collection of sales taxes on certain products sold by JM Bullion and delivered to a Minnesota address. These taxes must be collected on (1) copper products; (2) all coins made of gold, silver, or other metal which is or has been used as legal tender; (3) bars or rounds that consist of less than 99.9 percent or more by weight of either gold, silver, platinum, or palladium and are marked with weight, purity, and content; (4) accessory items; and (5) processed items.  All other products sold by JM Bullion are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Minnesota:

• Accessory Items. Items such as holders, tubes, coin flips, and apparel.
• Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content.

The State of Minnesota also requires the collection of a $0.50 Minnesota Retail Delivery Fee on each order sold by JM Bullion that has sales taxes on such order, and where such order is delivered to a Minnesota address by a motor vehicle.  The Minnesota Delivery Fee became effective on July 1, 2024.   If you would like to learn more about the Minnesota Retail Delivery Fee, we suggest you visit the Minnesota Department of Revenue Retail Delivery Fee webpage located at https://www.revenue.state.mn.us/retail-delivery-fee.

Sales taxes in Minnesota are calculated at checkout on the JM Bullion website based on (1) the taxability of products sold by JM Bullion in Minnesota set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Minnesota.

JM Bullion began collecting sales taxes in Minnesota on October 1, 2018.  Our sales tax license number in Minnesota is 5811670.

If you are a Minnesota-based reseller and wish to file a Reseller Certificate with JM Bullion, please download the Minnesota Reseller Certificate form here.  Once you have filled out this form, either email it to support@jmbullion.com; or mail it to JM Bullion, Inc., 11700 Preston Road, Suite 660153, Dallas, TX 75230.  Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged sales taxes on future orders as long as your Reseller Certificate remains valid and in force.

Please note:  The above is not a comprehensive description of sales tax laws and requirements in the State of Minnesota.  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 Minnesota that relate to the reader’s transactions with JM Bullion.  If you would like to research the sales tax laws and requirements in the State of Minnesota, we suggest you visit the Minnesota Department of Revenue located at https://www.revenue.state.mn.us/.