California is located on the West Coast of the U.S. It is the 3rd largest state at 163,696 square miles and the most populated state with over 39.5 million (2017) residents. It is well-known for the Gold Rush that started in 1848 which led to a large-scale emigration from all over, which also led to an economic boom. It is also known to be a global trendsetter in a various of topics and cultures.
Bullion Sales Tax in California
The state of California has an overall sales tax of 7.25%, however depending on where you live it can be as high as 9.75%. When it comes to sales on bullion, there is an exemption when you purchase more than $1500 in a single transaction. Another exemption is the purchase of coins as collector’s items or as an investment.