If you are interested in buying or selling precious metal bullion in Georgia, it pays to understand the ins and outs of the transaction. There are state laws and regulations to take into account as well as local, state and federal taxes to consider.
Before you take on a precious metals bullion transaction, it pays to do your homework. Here, you will find all you need to know about buying and selling bullion in the state of Georgia.
Georgia Sales Tax
The state of Georgia lists precious metal bullion and currency made of silver, gold and platinum exempt from any state sales tax. It should be noted that medallions and other bullion not used for legal tender can be taxed as well as bullion made from metals like palladium.
Georgia Capital Gains Tax
Capital gains taxes apply at both the federal and state levels. In the state of Georgia, capital gains are taxed at a rate of 6%. When combined with federal taxes, the total does not exceed 28.6%.
A truly diversified portfolio includes precious metals, so when you're planning for retirement, consider adding qualified bullion to your Self Directed IRA. Contact us to get started or visit our Precious Metals IRA page to learn how you can invest.
Looking for a Local Coin Show?
We attend a number of coin shows throughout the country each year. Here's where and when you'll find us at an expo near you.
Want to Join a Coin Club in Georgia?
If you are searching for a coin club in the state of Georgia, we maintain a list of local clubs all over the state. If you notice your current club is not listed, please let us know.
Want to Buy Coins Locally?
Looking for somewhere nearby where you can purchase coins or other precious metal items? Check out our coin shop directory to find a place to buy coins near you.
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