Turkeython for the Holidays!

A TurkeyThon Thanksgiving!

We try to give the best of ourselves to our family, friends and neighbors during the holiday seasons. We go out of our way to provide and to show how truly thankful we and everyone else is for everything that has been given to us and for all that we've worked hard for. As such we should, there is something truly GREAT about giving and having the blessings in your life so that you may be there for others and become their blessing in disguise. 

This 2014 Thanksgiving holiday we've partnered up with some great people at Channel 8, 97.1 The Point and America First here in the Las Vegas Valley to help bring 2200 turkeys to the families that can't have a turkey dinner the way we all should.

Turkeython Supporters

It should be mentioned that Smith's grocery store is also a great partner in this alliance. To make things easier for all of us to help there will be 6 Smith's grocery store locations across the Valley that will take in your donated turkey for the less fortunate Vegas families. Yes you heard me... Smith's! This means you can even go to Smith's, buy the turkey and donate it right then and there. How's that for feeling great to help others! :-)

Cash donations and gift cards are also acceptable with some restrictions, this year they will also be accepting canned food and non-perishable food items. Your participation can be extremely meaningful to a fellow community member. We look forward to reaching our 2200 donation Turkeython with your help and participation. Call your local Smith grocery store for further details.

There will be live radio broadcast in various Smith's locations across the valley. Below we have provided the dates and the locations of the broadcasted locations and the Smith's grocery stores that will provide assistance with your donations.

Thursday, Nov. 20th, 6am – 7pm:

7130 N. Durango (Durango & Elkhorn) North Las Vegas 89149

10616 S. Eastern Ave. (Eastern & Horizon Ridge) Henderson 89052

Friday, Nov. 21st,  6am – 7pm:

6855 Aliante Pkwy (Aliante & Deer Springs) North Las Vegas 89084

10100 W. Tropicana (Tropicana & Hualapai) Las Vegas 89147

Saturday, Nov. 22nd, 8am – 5pm:

2211 N. Rampart Blvd. (Rampart and Lake Mead) Las Vegas 89128

4600 E. Sunset Rd. (Sunset & Mountain Vista) Henderson 89014

This article is provided by your top Gold Coins and Silver Coins Dealers at Sahara Coins & Precious Metals.

Knowledge on gold and silver history can save you thousands!

How knowing a little about Gold and Silver can save you from scammers 

 

Podcast @ www.supercoinbros.com

Over the years we have found many ways to teach others what we know while showing them how to have fun with precious metals.  Unfortunately, it isn’t necessarily an item made for fun and play, ultimately it is an investment. Where the fun begins is when you decide to delve in a little more into these items and find out what type of history they carry with them. Many have a history that date back to the 1800’s or more and yet others can tell us of a more recent time such as the creation of the Federal Reserve and how precious metals were affected directly or indirectly by that creation.  

Coins that date back a century or two ago call tell us a great deal about that era and it’s community. How did commerce operate? 

I’m sure you can always get this type of information from the history books as you should however, it is the props from the past that help put that story together and helps us paint a bigger picture. It is the time it takes to gain this valuable knowledge that makes it worth the while and also makes you a savvier investor and coin collector.

We have done a really good thing recently that we hope will benefit everyone, we have created an online podcast that will help you save time and money learning what we already know. Putting together the collective knowledge our team has to offer, we are looking and finding more ways to educate the interested and novice coin collectors. 

Thanks to our listeners via our podcast we are doing just that! You now have at your finger tips the ability to learn everything we know and have studied for years. Either in our precious metals learning center website or our Gold Coins Podcast page. Both made to get the information you want and need with ease.

Some of the podcast recordings you can find in this page are:

~ How not to become a victim of coin collecting

~ Raymond talks monetary system failure protection options

~ Raymond “Bullish” Bryant talks dollar averaging and why it is a great strategy

Just to name a few. Other articles special feature some of our best guys in the company and the business.

Super Coins Bros

Remember any industry has its individuals that try to manipulate and take advantage of others so having this type of information can save you from some serious headaches in the future should someone try to find a way to fool you into buying a precious metal that isn’t really what they say it is.

With the advent of online member based e-commerce sites you can easily see how simple it can be for someone to fool another from thousands of miles away. Even though there are safeguard measures put in place by major member based e-commerce businesses, those measures are not without fault. Someone always finds a loophole in the system so your best protection is you! What you know can save you thousands of dollars in the near or distant future.

Well, I hope you heed my words and take the time to learn what you can and follow us in our podcast, we are always updating this website and always updating the podcast page at www.saharacoins.org with lots of useful information so stay tuned and we’ll see you on episode 13! 

Confusion on tax laws when purchasing gold & silver precious metals

 What State tax laws should you know when purchasing Gold and Silver

Gold and Silver Tax Laws in America

I know that when the average person goes to purchase a new pair of pants or some shoes at the Nike outlet it is clearly recognized that you will pay the state sales tax on the item and it often is done without a second thought. Well with bullion and numismatics the tax laws are not really as clear and simple as that. Not only is there not one universal tax law that encompasses all bullion and numismatic purchases, there is actually different laws depending on what state you are in. We are located in Las Vegas, NV so we are held to the tax law based on our state regulation. Any item with a face value denomination that is priced at more than 1.5% of that face value is taxed, any item without a face value, for example gold and silver bars or generic rounds are not taxable. 

Gold & Silver Tax Planning

Knowing that we have customers in every state it is definitely beneficial for us to make it known that if we ship your purchase over state lines to your address in another state or someone you trust to take delivery of your package out of the state you will not be charged sales tax, instead you just pay the shipping and insurance on your purchase.  We know that the tax law still may seem very confusing and not make much sense so we have included a full list of the states and the tax laws that do or do not charge sales tax on Coins, Paper Money, and/or Precious Metals.  Exemptions will be listed if applicable. Keep in mind that the tax boards are constantly changing the laws so it is all about doing your research.

Below is a good list to start with.

 

Alabama
The State charges 4% on everything, there are also County & City taxes, which can add another 4-5%.
Alaska
No state sales tax, though local governments may still tax.
Arizona
No sales tax collected on Coins, Paper Money, or Precious Metals.
Arkansas
Sales tax is collected on Coins, Paper Money, and Precious Metals.
California
Exemption on Coins and Bullion when over $1500. Paper Money is taxable.
Colorado
Sales Tax on Coins, Paper Money, and Bullion varies by City.  The State does not charge any sales tax.
Connecticut
No sales tax on Coins or Paper Money. Exemption on Bullion when over $1000.
Delaware
No sales tax collected on Coins, Paper Money, or Precious Metals.
District of Colombia
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Florida
No sales tax on U.S. Coins or Currency.  Exemption on Bullion when over $500.
Georgia
No sales tax collected on Coins, Paper Money, or Precious Metals.
Hawaii
General Excise Tax is collected on Coins, Paper Money, and Bullion.
Idaho
No sales tax on Coins or Bullion.  Paper Money is a grey area.
Illinois
No sales tax collected on Coins, Paper Money, or Precious Metals.
Indiana
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Iowa
No sales tax collected on Coins, Paper Money, or Precious Metals.
Kansas
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Kentucky
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Louisiana
Exemption on Coins and Bullion when over $1000. Paper Money is taxable.
Maine
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Maryland
Numismatic items and Bullion are exempt when over $1000.
Massachusetts
Coins, Paper Money, and Bullion are exempt when over $1000.
Michigan
No sales tax collected on Coins, Paper Money, or Precious Metals.
Minnesota
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Mississippi
No sales tax collected on Coins, Paper Money, or Precious Metals.
Missouri
No sales tax on Coins or Bullion, but taxes Paper Money
Montana
No sales tax collected on Coins, Paper Money, or Precious Metals by the State.  There is a 3% Provisional tax in some communities.  See Comments.
Nebraska
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Nevada
Sales tax is collected on anything that sells for over 50% of its “Face Value.” Private Mint Bars and Rounds are exempt.
New Hampshire
Sales tax is collected on Coins, Paper Money, and Precious Metals.
New Jersey
Sales tax is collected on Coins, Paper Money, and Precious Metals.
New Mexico
Sales tax is collected on Coins, Paper Money, and Precious Metals.
New York
Coins and Paper Money are Taxable, Bullion is Exempt when over $1000.
North Carolina
Sales tax is collected on Coins, Paper Money, and Precious Metals.
North Dakota
No sales tax collected on Coins, Paper Money, or Precious Metals.
Ohio
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Oklahoma
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Oregon
No sales tax collected on Coins, Paper Money, or Precious Metals.
Pennsylvania
No sales tax on Coins or Bullion, but taxes Paper Money.
Rhode Island
No sales tax on Coins or Bullion, but taxes Paper Money.
South Carolina
No sales tax collected on Coins, Paper Money, or Precious Metals.
South Dakota
No sales tax collected on Coins, Paper Money, or Precious Metals.
Tennessee
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Texas
Coins and Precious Metals are exempt over $1000. Paper Money is taxable.
Utah
No sales tax collected on Coins, Paper Money, or Precious Metals.
Vermont
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Virginia
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Washington State
No sales tax on Coins or Precious Metals.  Paper Money is taxable.
West Virginia
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Wisconsin
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Wyoming
Taxes vary by city on Coins and Paper Money.  Precious Metals are taxable.

Precious Metals Dealer in Las Vegas