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Mark Scott, managing partner of Sahara Coins & Extraordinary Collectibles has an important announcement for all collectors and investors.

Sales tax on coins and bullion in Nevada has been a sore spot for many dealers, collectors, and investors for many years now. Every state in the West, with an exception or two, in one-way shape or form has exempted rare coins and bullion from sales tax for investors and collectors.

The Nevada Tax Commission ruled that only NON-Currency Denominated bullion items are NOT subject to sales tax. Any currency-denominated bullion coin sold for more than 50% above its face value is defined by existing regulation as a collectible item and remains subject to sales tax.

Nevada has recognized that the dollars leaving the state are dollars that were not flowing into our economy. This ruling means that Nevada residents will no longer need to look to companies outside of Nevada to avoid sales tax. This exemption is great news for those looking to invest in precious metals as now you can do business with us, your trusted local dealer, without things such as service fees and delays on receiving the products you have purchased. This should also prove to be an overall boon for Nevada's economy.

For further information or clarity feel free to call on us at any time at 702-367-4360

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Sahara Coins & Extraordinary Collectibles
7293 W Sahara Ave
Las Vegas, Nevada 89117
US

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