California Sales Tax

Taxes must be collected on (1) nonmonetized bullion made from platinum, palladium or copper; (2) monetized bullion, nonmonetized gold or silver bullion, or numismatic coins if the total amount of a single sales transaction is less than $2,000; (3) accessory items; and (4) processed items. All other products sold by APMEX are exempt from these taxes.

Taxable Products in California

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

• • Nonmonetized Bullion. Bullion which has been smelted or refined and has a value dependent primarily upon its precious metal content and not upon its form.
  • Monetized Bullion. Coins or other forms of money manufactured of gold, silver, or other metal and heretofore, now, or hereafter used as a medium of exchange under the laws of California, the United States, or any foreign nation. The medium of exchange must have had a legal status equivalent to legal tender.