Are purchases of precious metals exempt from Texas Sales and Use Tax?
A. Purchases of gold, silver and platinum bullion or coins totaling $1,000 or more in a single transaction are exempt from Texas Sales and Use Tax. Numismatics (collectable coins) are also included in this category. However, all sales of jewelry, antiques, other collectibles, and general merchandise are taxable unless you present us with your valid Texas Sales and Use Tax Resale Certificate or Texas Sales and Use Tax Exemption Certification before or at the time of purchase. The current tax rate for our location is 8.125%.
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