Mississippi Precious Metal Sales Taxes

 

How Does Mississippi Tax Precious Metals?

Precious metal dealers must collect sales taxes for three categories of items: copper products without a denomination, accessories, and processed bullion items. Any product that does not fall under these three categories is considered tax-exempt in Mississippi. 

Below, you’ll find a brief description of how Mississippi defines taxable precious metal products in their state:

Taxable Product	Definition
Non-Denominational Copper	Copper rounds, coins, or bars without a denomination are taxed in Mississippi. A denomination refers to a stamp from a sovereign government signifying the value that a product carries in their currency.
Accessories	Accessories are products that are not made from bullion but are used to store, clean, display, or handle precious metal products. These are taxed in Mississippi.
Processed Bullion	Processed bullion refers to precious metal products that have been altered by a third party to add value beyond their bullion melt value. Common examples of taxable processed bullion include colorized coins and jewelry.

How Does Hero Bullion Calculate Sales Taxes in Mississippi? 

All other products on our website are tax-exempt in Mississippi. Hero Bullion automatically calculates all relevant sales taxes based on the shipping address you provide to us at checkout. These additional taxes will be added to your order total.

Our customer service team is happy to answer any questions you might have about how we have calculated your Mississippi sales tax fees. 

If you have questions about Mississippi’s sales tax rules regarding precious metals, check out the state’s Department of Revenue website.