Sales Tax Law:

In 2017, North Carolina passed a sales tax exemption on precious metals. House Bill 434 exempts “sales of non-coin currency, investment metal bullion, and other investment coins.”

Investment coins is defined as “numismatic coins or other forms of money and legal tender manufactured of the metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory of nominal value of such coins.”

Investment metal bullion is defined as “any elementary precious metal that has been put through a process of smelting or refining and that is in such state or condition that its value depends upon its content and not upon its form.” The statute says that “investment metal bullion does not include fabricated precious metal that has been processed or manufactured for one or more specific and customary industrial, professional, or artistic uses.”
Non-coin currency is defined as “forms of money and legal tender manufactured of a material other than metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory or nominal value of such currency.”
NPMEX is required to collect tax on some items shipping to North Carolina, 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 a North Carolina address.

The State of North Carolina requires the collection of taxes on certain products sold by NPMEX and delivered to a North Carolina address. These taxes must be collected on (1) copper products; (2) any products that are not smelted or refined; (3) any coins that do not have a value beyond their statutory or nominal value; (4) accessory items; and (5) 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 North Carolina:

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

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 North Carolina. 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 North Carolina 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 North Carolina, we suggest you visit the North Carolina department of revenue located at https://www.ncdor.gov/.

Buying Gold and Silver in North Carolina

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 North Carolina 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 North Carolina and offers a great value and buying experience.