You are here

West Virginia exempts bullion coins from sales tax

Section: Daily Dispatches

From Numismatic News, Stevens Point, Wisconsin
Sunday, April 7, 2019

By unanimous vote March 8, the West Virginia Legislature approved Senate Bill 502, originally introduced by Sen. Craig Blaire, R-Martinsburg, which called for the exemption of taxation on sales of investment metal bullion and investment coins. On March 27 West Virginia Gov. Jim Justice signed the bill into law. The law will go into effect on July 1.

The bill defines investment metal bullion as "any elementary precious metal which has been put through a process of smelting or refining, including gold, silver, platinum, and palladium, and which is in such a state or condition that its value depends upon its content and not its form. Investment metal bullion does not include precious metal which has been assembled, fabricated, manufactured, or processed in one or more specific and customary industrial, professional, aesthetic or artistic uses." ...

... For the remainder of the report:


Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: