Washington Precious Metal Sales Taxes

 

How Does Washington Tax Precious Metals?

Like many other states, Washington mandates that online retailers must collect sales taxes on two categories of products: accessories and processed items. Descriptions of products that fall into these categories are included below. Because of our ongoing commitment to making it as easy as possible to buy bullion coins, bars, and other products, we include a breakdown of all relevant sales taxes on all purchases as you checkout. 

According to the state of Washington, the following Hero Bullion item types are subject to sales tax collection: 

Taxable Product	Definition
Paper Currency	Paper currency is only taxable in Washington if the currency is numismatically valuable beyond its face value.
Accessories	Accessories are non-bullion products that are often used to display, store, or maintain precious metal items. Common accessories sold by Hero Bullion include capsules, tubes, displays, and cleaning supplies. Accessory items are subject to sales tax collection in Washington state.
Processed Bullion	Generally, processed bullion products are those that are processed by “third parties” in order to add value to their base metal content. Common examples of processed bullion items include statues or colorized coins. Processed bullion items are taxed in Washington.

How Does Hero Bullion Calculate Sales Taxes in Washington? 

We’re here to make this process as simple as possible. We automatically add sales tax to your total, taking into account the shipping address you provide during checkout to determine relevant tax laws in your area. If you suspect that we’ve made a mistake determining sales tax for a specific purchase, please contact us immediately. 

More information about the specific sales tax laws in Washington can be found on the Department of Revenue site for the state.

Sales tax laws can change. To remain up-to-date on the latest bullion sales tax regulations, be sure to check back here frequently and consult the Washington Department of Revenue website.