Rules and Regulations for the State of Ohio

Sales Tax Law:

NPMEX is required to collect tax on some items shipping to Ohio, 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 Ohio address, as of October 1st, 2021.

The State of Ohio requires the collection of sales taxes on certain products sold by NPMEX and delivered to a Ohio 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.

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

  • Accessory Items: Items such as holders, tubes, coin flips, and gloves.
  • Processed Items: Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

 

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

The state of Ohio removed the sales tax exempt status of precious metals bullion coins & bars and began requiring the collection of sales tax on these items on October 1, 2019, then re-instated the exemption on October 1, 2021.

Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of Ohio. 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 Ohio 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 Ohio, we suggest you visit the Ohio department of revenue located at https://www.tax.ohio.gov/.

 

Buying Gold and Silver in Ohio

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 Ohio 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 be 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 Ohio, and offers a great value and buying experience.