Sales Tax Law:

Idaho Statute 63-3622V, “the sale of precious metal bullion or the sale of monetized bullion,” is exempt from sales taxation.

The statute defines “precious metal bullion” as “any elementary precious metal which has been put through a process of smelting or refining including, but not limited to, gold, silver, platinum, rhodium,
and chromium, and which is in such state or condition that its value depends upon its contents and not upon its form.”

“Monetized bullion” is defined as “coins or other forms of money manufactured from gold, silver, or other metals and heretofore, now, or hereafter used as a medium of exchange under the laws of this state, the United States, or any foreign nation, but shall not include coins or money sold to be manufactured into jewelry or works of art.”
NPMEX is required to collect tax on some items shipping to Idaho, however sales tax will not be charged for Gold, Silver, Platinum, or Palladium bullion items as they are exempt from sales tax when shipping to an Idaho address.

The state of Idaho requires the collection of sales taxes on certain products sold by NPMEX and delivered to an Idaho address. These taxes must be collected on (1) copper products; (2) accessory items; and (3)
processed items. All other products sold by NPMEX are exempt from these taxes.

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

• 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.
• 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 Idaho are calculated at checkout on the NPMEX website based on (1) the taxability of products sold by NPMEX in Idaho set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Idaho.

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 Idaho. 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 Idaho 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 Idaho, we suggest you visit the Idaho department of revenue located at https://tax.idaho.gov/.

Buying Gold and Silver in Idaho

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 Idaho 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 Idaho and offers a great value and buying experience.