South Dakota is a state located in the midwestern region of the United States. It is the 17th largest state at 77,184 square miles, however it is the 5th least populated with over 865.000 residents. It became a state simultaneously with North Dakota in 1889. The eastern region of the state is home to most of its’ population. Mount Rushmore is it’s major tourist destination, which is one of the predominant factors in its’ economy.
Bullion Sales Tax in South Dakota
South Dakota has a statewide sales tax rate of 4.5% with additional local taxes that can add up to 6.5%. Most coins and bullion forms are exempt from sales tax. Bullion would be considered any bar, ingot, or commemorative medallion of gold, silver, platinum, palladium or combination of these metals. Coins/currency on the other hand are considered anything of legal tender made of fold, silver, or other metal or paper which is/has been used as legal tender. Tokens or numismatic collectibles are not included in this exemption.