Sales tax in Rhode Island

In Rhode Island, the general sales tax rate is 7% on taxable retail sales.

For coins and currency, the answer depends on what is being sold:

  • Collectible coins (numismatic coins) — generally subject to the 7% Rhode Island sales tax if sold at retail.
  • Paper currency (collectible banknotes) — generally treated as tangible personal property and subject to the 7% sales tax unless a specific exemption applies.
  • Precious metal bullion — Rhode Island does not appear to have a broad sales tax exemption for all bullion/precious metal products; the tax treatment can depend on the item and whether it qualifies under Rhode Island law.

 

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