In Nevada, the sales tax treatment of coins, currency, and bullion is a little complicated. It depends on what is being sold and whether it is considered a collectible or a monetary/investment item.
Coins & Currency
- Collector coins, paper money, and numismatic items are generally taxable if they are sold as collectibles.
- Nevada considers a coin or stamp a taxable collectible when it is sold at a premium and its value is primarily as a collector item. A coin sold for more than 50% above face value is generally treated as a collectible and taxable.
- Currency that is being sold as a collectible (old notes, obsolete currency, graded currency, etc.) is generally taxable.
Bullion (Gold, Silver, Platinum, etc.)
- Bullion can be exempt when it is purchased for use as a medium of exchange, security, or commodity, rather than as a collectible.
- If bullion is sold primarily as a collectible item or with a premium unrelated to its monetary value, sales tax may apply.
Tax Rate
If a coin/currency item is taxable, the rate depends on the location in Nevada. Nevada's combined sales tax rates vary by county and local jurisdiction (for example, Las Vegas/Clark County differs from Reno/Washoe County). The base state rate is part of the total rate charged.
