Missouri Precious Metal Sales Taxes

 

How Does Missouri Tax Precious Metals?

In the state of Missouri, sales taxes must be collected for some precious metal products. Six categories of items on the Hero Bullion website are taxable when shipped to addresses in Missouri: copper items, some <.90 pure bullion products, currency, coins not meant for investment, accessories, and processed bullion items. 

Any product that does not fall into one of these six categories is tax-exempt in Missouri. 

Here’s a brief overview of how Missouri defines taxable bullion products in the state:

Taxable Product	Definition
Copper Products	Any product made primarily with copper bullion is taxed in the state of Missouri, regardless of its weight or purity.
Low Purity Precious Metals	In Missouri, bullion products with a purity of less than 90%, or .90, are taxed.
Currency	Paper money given a face value and legal tender status by a federal government are taxable in Missouri.
Non-Investment Bullion Coins	Bullion coins worth a monetary amount equal to their face value are considered non-investment coins and are subject to sales taxation in Missouri.
Accessories	Items used to hold, clean, maintain, or store precious metals are accessories and are taxed in Missouri.
Processed Bullion	Processed bullion refers to any precious metal that has been sent to a third party to add monetary value to their bullion content. Jewelry, colorized coins, and certain other products fall into this category and are taxed by Missouri’s state government.

How Does Hero Bullion Calculate Sales Taxes in Missouri? 

All other products on our site are tax-exempt in Missouri. Hero Bullion automatically calculates sales taxes based on the address you provide at checkout and applies these additional fees to your order total.

Our customer support team is happy to answer any questions you have about how we calculated sales tax fees for your order. 

Specific questions about how Missouri taxes precious metals can be directed to the Missouri Department of Revenue.