Bullion Sales Tax in New York City, NY
New York has a statewide sales tax rate of 4% with additional local taxes that can be as high as 8.875%. Coins and paper currency are taxable in the state of New York. The only time there is an exemption is if the total purchase is at least $1,000. And for this exemption to apply, the bullion must be in the form of bars, rounds, or coins that are made out of gold, silver, platinum, palladium, or any other precious metal. One coin in particular that is excluded from this exemption is the South Africa Krugerrand Bullion Coin. New York City has a total sales tax rate of 8.875%.
When you buy gold bullion in New York you should also check out gold bullion dealers in Buffalo, NY.