Sales Tax Law:

Louisiana governor John Edwards, in 2017, signed HB 396 into law. The bill impacts purchases of platinum, gold, or silver bullion that is valued solely upon its precious metal content, whether in coin or ingot form. It also impacts numismatic coins that have a sales price of no more than one thousand dollars ($1,000) and numismatic coins that are sold at a national, statewide, or multi-parish numismatic trade show.

NPMEX is required to collect tax on some items shipping to Louisiana, however sales tax will not be charged for Gold, Silver, or Platinum bullion items or numismatic coins priced under $1,000 as they are exempt from sales tax when shipping to a Louisiana address.

The State of Louisiana requires the collection of sales taxes on certain products sold by NPMEX and delivered to a Louisiana address. These taxes must be collected on (1) bullion products made of palladium or copper; (2) any Numismatic coin with an individual sales price exceeding $1,000; (3) accessory items; and (4) processed items.

The following definitions apply to products on which taxes must be collected in Louisiana:

• Numismatic Coins: Coins with an external value above and beyond the base value of the underlying Precious Metal, due to the item’s rarity, condition, age or other external factor.
• Accessory Items: Items such as holders, tubes or coin flips.
• Processed Items: Precious Metals that have been processed by third parties into items valued on more than their Precious Metal content, such as jewelry, statues or colorized coins. Sales taxes in Louisiana are calculated at checkout on the NPMEX website based on (1) the taxability of products sold by NPMEX in Louisiana set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Louisiana.

Capital Gains Tax:

Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.

Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of Louisiana. it is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the state of Louisiana that relate to the reader’s transactions with NPMEX. if you would like to research the sales tax laws and requirements in the state of Louisiana, we suggest you visit the Louisiana department of revenue located at https://revenue.louisiana.gov/.

Buying Gold and Silver in Louisiana

Buying precious metals from online dealer NPMEX has some major advantages. Though NPMEX is physically located in Erie Colorado, we ship all over the United States, every day. NPMEX offers a huge selection of coin and bullion products for Louisiana residents to choose from.

Buyers can shop by metal type or by form such as coin, round or bar. In addition to potential cost savings, shopping online at NPMEX is convenient and can be done from the comfort of your own home or office. Simply pick the coin or bullion products you want to buy, complete the simple checkout process, and your metals will be quickly shipped to your home or other destination of choice. Your precious metals purchases are fully insured and tracked while in transit.

Benefits to buying gold & silver online at NPMEX.com :

• Gold and silver shipped directly to your door
• Lower prices than most physical coin stores
• Wide selection
• 24/7 online ordering 365 days a year

Friendly & knowledgeable customer service. Because online precious metals dealer NPMEX may have lower overhead than brick and mortar coin shops, we are able to pass savings on to our customers. NPMEX offers some of the lowest prices available for precious metals.

NPMEX is proud to serve the residents of Louisiana and offers a great value and buying experience.