Sales Tax Law:

HB 2140, effective July 1, 2019. HB 2140 exempts “all sales of gold or silver coins; and palladium, platinum, gold or silver bullion.”

The measure continues, “For the purposes of this subsection, “bullion” means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for which the value of the metal depends on its content and not the form.”

NPMEX is required to collect tax on some items shipping to Kansas, however sales tax will not be charged for Gold or Silver Coins, or Gold, Silver, Platinum, or Palladium bullion items as they are exempt from sales tax when shipping to a Kansas address.

The State of Kansas requires the collection of sales taxes on certain products sold by NPMEX and delivered to a Kansas address. These taxes must be collected on (1) any coins that are not gold or silver; (2) copper products; (3) accessory items; and (4) processed items. All other products sold by NPMEX are exempt from these taxes.

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

• Bullion: Bars, ingots or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for which the value of the metal depends on its content and not the form.
• Accessory Items: Items such as holders, tubes, coin flips, and gloves.
• 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.

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

Capital Gains Tax:

Under current law, gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.

Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of Kansas. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the state of Kansas that relate to the reader’s transactions with NPMEX. If you would like to research the sales tax laws and requirements in the state of Kansas, we suggest you visit the Kansas department of revenue located at https://www.ksrevenue.org/.

Buying Gold and Silver in Kansas

Buying precious metals from online dealer NPMEX has some major advantages. Though NPMEX is physically located in Erie Colorado, we ship all over the United States, every day. NPMEX offers a huge selection of coin and bullion products for Kansas residents to choose from. Buyers can shop by metal type or by form such as coin, round or bar. In addition to potential cost savings, shopping online at NPMEX is convenient and can be done from the comfort of your own home or office.

Simply pick the coin or bullion products you want to buy, complete the simple checkout process, and your metals will be quickly shipped to your home or other destination of choice. Your precious metals purchases are fully insured and tracked while in transit.

Benefits to buying gold & silver online at NPMEX.com :

• Gold and silver shipped directly to your door
• Lower prices than most physical coin stores
• Wide selection
• 24/7 online ordering 365 days a year
• Friendly & knowledgeable customer service

Because online precious metals dealer NPMEX may have lower overhead than brick and mortar coin shops, we are able to pass savings on to our customers. NPMEX offers some of the lowest prices available for precious metals.

NPMEX is proud to serve the residents of Kansas and offers a great value and buying experience.