Sales Tax in Mississippi

The State of Mississippi requires Provident Metals to collect use taxes on certain products sold by Provident Metals and delivered to a Mississippi address. These taxes must be collected on (1) any bullion that is in the form of a bar, ingot or round that is made of copper; (2) any coins that are not, or previously were not used solely as a medium of exchange in the United States or any foreign country; (3) any coins that may have been or are currently used as a medium of exchange but are sold based on its value as a medium of exchange rather than its intrinsic value; (4) accessory items; and (5) processed items.   All other products sold by Provident Metals are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Mississippi:

• Bullion. Precious metal that is valued solely upon its precious metal content, whether in coin, round, or bar form.
• Coin. A small, flat, round piece of metal which is, or has been used as legal tender, with a number showing its value and often a decorative picture.
• Medium of Exchange. Coins or currency that are acceptable as a measure of value and a standard of exchange for goods and services.
• Accessory Items. Items such as holders, tubes, coin flips, and apparel.
• Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Use taxes in Mississippi are calculated at checkout on the Provident Metals website based on (1) the taxability of products sold by Provident Metals in Mississippi set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Mississippi.

Provident Metals began collecting use taxes in Mississippi on December 1, 2021. Prior to July 1, 2023, the State of Mississippi required Provident Metals to collect use taxes on all products sold by Provident Metals and delivered to a Mississippi address. Our sales tax license number in Mississippi is 1381-2831.