If you are interested in purchasing bullion bars or coins, you are probably aware that this is not your average transaction. In fact, there are several state and federal laws and regulations to take into account first.
Doing your research is certainly the first step to the bullion-buying process. If you plan to perform your transactions in Oregon, here are the taxes and laws you should be familiar with.
Oregon Sales Tax
Oregon is one of the most popular states for buying bullion. This is because Oregon does not have a statewide sales tax, and this applies to bullion regardless of the amount.
Oregon Capital Gains Tax
Oregon is not exempt from the federal capital gains tax. Your individual tax rate will depend on your income; however, your rate will never exceed 28 percent.
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 Oregon?
Are you looking for a way to connect with others who share your love of coin collecting or investing? We maintain a list of local coin clubs across the state of Oregon to help you find one close to you.
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 Oregon?
Oregon sits along the West Coast and is famous for its rainfall, stunning geography, trendy cities, and historic sites. Continue reading to learn 20 interesting facts about the state of Oregon.