South Carolina Gold & Silver Bullion / Collectible State Sales Taxes
Rules and Regulations for the State of South Carolina
The State of South Carolina requires the collection of sales taxes on certain products sold by USA Mint and delivered to a South Carolina address. These taxes must be collected on (1) copper or palladium products; (2) any coins that are not, or previously were not, used as legal tender in the United States or any other jurisdiction; (3) accessory items; and (4) processed items. All other products sold by USA Mint are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in South Carolina:
Coins. A coin made of gold, silver, or other metal which is or has been used as legal tender.
Legal Tender. Coins that must be accepted if offered in payment of a debt.
Accessory Items. Items such as holders, tubes, coin flips, and apparel.
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.
As required by South Carolina law, USA Mint is required to notify its South Carolina customers of the following:
INDIVIDUAL 85 YEARS AND OLDER
YOU ARE ENTITLED TO A 1% STATE SALES TAX REDUCTION ON ITEMS PURCHASED FOR YOUR PERSONAL USE. YOU MUST ASK FOR THE REDUCTION AND PRESENT PROOF OF YOUR AGE.
Sales taxes in South Carolina are calculated at checkout on the USA Mint website based on (1) the taxability of products sold by USA Mint in South Carolina set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in South Carolina.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF SOUTH 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 SOUTH CAROLINA THAT RELATE TO THE READER’S TRANSACTIONS WITH USA Mint. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF SOUTH CAROLINA, WE SUGGEST YOU VISIT THE SOUTH CAROLINA DEPARTMENT OF REVENUE LOCATED AT HTTPS://DOR.SC.GOV/.