Alabama now has Senate Bill 156 on the books exempting bullion and money from sales tax.

 

Here are some quick facts:

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1. The tax-free period started effective June 01, 2018.
 

2. Items covered: 

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• BULLION - Gold, silver, platinum, palladium that is at least 90% pure, and its value fluctuates and depends upon the ‘spot’ market price.
   

• MONEY: Any United States of America coins or currency, whether or not it has a precious metal value.

 

3. Items NOT covered:
 

• FOREIGN coins (unless they are bullion) or currency, Confederate ‘money’ (bonds). Copper rounds, coin supplies, or everything not covered above!
   

• JEWELRY, and precious metal works of art (such as sterling silver tea sets, etc.)

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Have any questions?
 

Call the shop at 251.725.1590, visit us at 2204 Government St, Mobile, AL 36606, or email us here >>> 

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