Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2017

Sales and Use Tax Annotations

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168.0000 COINS AND BULLION—Regulation 1599

Annotation 168.0040


168.0040 Coins—Tangible Personal Property. Tax does not apply to coins which are acquired for use as a medium of exchange, even though the purchaser pays an amount exceeding the face value. On the other hand, tax does apply to the entire charge for coins which are purchased at a premium for any other purpose, as where a purchaser acquires a quantity of coins in hopes of finding some collectors' items or of realizing an appreciation in value. 6/3/65.