Seasoned coin collectors and investors know that buying gold and silver differs greatly from your average purchase. Predominantly, there are many state and federal taxes and regulations to consider.
If you are considering purchasing precious metal bullion in the state of New Jersey, doing your homework is essential. Here, you will find everything you need to know about buying bullion within this state.
New Jersey Sales Tax
For the state of New Jersey, the sales tax rate for bullion currently sits at 7%. Fortunately, there are no additional local or county taxes.
New Jersey Capital Gains Tax
In addition to state sales tax, there is also a federal capital gains tax to consider when purchasing precious bullion. For New Jersey, this capital gains tax will not exceed 30.4%.
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 New Jersey?
Are you looking to find others who share your enthusiasm about coin collecting and investing? We maintain an updated list of coin clubs located in each state. If your New Jersey coin club is not yet on our list, 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.
Do you know 20 facts about New Jersey?
Though small, New Jersey has much to offer. Continue to learn 20 interesting facts about the state of the Garden State.