South Carolina Precious Metals Tax Information
South Carolina exempts qualifying precious metals bullion and legal-tender coins from sales tax when the products are valued primarily for their metal content.
Taxable Products in South Carolina
- All copper products.
- All palladium products.
- Coins and bullion products that are not legal tender. Meaning items that are not and have never been issued as official currency by any government
- Accessories and supplies. Such as holders, tubes, capsules, coin flips, and similar items
- Processed or altered items. Meaning products modified beyond their original bullion form, including colorized coins, plated coins, and specialty finishes
Exemptions:
- Qualifying precious metals bullion and legal-tender coins valued primarily for their metal content
Tax Rates:
Qualifying precious metals bullion and legal-tender coins are exempt from sales tax in South Carolina. Sales tax may apply to the taxable products listed above.
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 ITM TRADING. 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 TAX AUTHORITY LOCATED AT https://dor.sc.gov/.
