New Jersey Gold & Silver Bullion / Collectible State Sales Taxes

Rules and Regulations for the State of New Jersey

Sales taxes in New Jersey are calculated at checkout on the JM Bullion website based on (1) the taxability of products sold by JM Bullion in New Jersey, and (2) the specific sales tax rate established by the taxing jurisdiction of the delivery address in New Jersey.  New Jersey does not require the collection of sales taxes on the following products sold by JM Bullion and delivered to a New Jersey address:

• Investment coin- Numismatic coin (legal tender), including non-precious metals, having a fair market value greater than or equal to $1,000. Note that this does not include jewelry, works of art made of coins, or commemorative medallions.
• Investment metal bullion- Elementary precious metal (including, but not limited to gold, silver, platinum, and palladium) that has been put through a process of smelting or refining, and that its value depends primarily on its metal content and not its current form. Note that this does not include any precious metal that has been assembled, fabricated, manufactured, or processed, nor does the $1,000 fair market value requirement related to “investment coin” apply.

All other products sold by JM Bullion are subject to sales taxes in New Jersey.

JM Bullion began collecting sales taxes in New Jersey on October 1, 2018.  Our sales tax license number in New Jersey is 461-785-757/000.

If you are a New Jersey-based reseller and wish to file a Reseller Certificate with JM Bullion, please download the New Jersey 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 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 JM Bullion.  If you would like to research the sales tax laws and requirements in the State of New Jersey, we suggest you visit the New Jersey Department of the Treasury located at https://www.state.nj.us/treasury/taxation/.