Nev. Admin. Code § 372.170 - Coins and stamps; bullion
1. The tax applies
to sales of coins or uncancelled stamps at a premium price for purposes other
than use as a medium of exchange or postage. The tax does not apply to sales of
coins or uncancelled stamps, even though sold at a premium price, if the
purpose of the use of the coins or stamps is as a medium of exchange or
postage.
2. If the sales price
exceeds the face value of the coins or stamps by 50 percent, they will be
deemed to have value as collectors' items and will be taxable. If the sales
price does not exceed the face value of the coins or stamps by 50 percent, they
will be deemed to have value solely as a medium of exchange or postage and will
not be taxable. Sales of any coins not currently accepted as money and sales of
cancelled stamps or stamps not currently accepted for postage are
taxable.
3. Sales of coins to
gaming establishments at any price for use in gaming operations are not
taxable, except that, sales of coins at a premium price to gaming
establishments for purposes other than use as a medium of exchange are governed
by subsection 2.
4. The tax applies
to sales of bullion at a premium price for purposes other than use as a medium
of exchange. The tax does not apply to sales of bullion, even though sold at a
premium price, if the purpose of the use of the bullion is as a medium of
exchange.
Notes
NRS 360.090, 372.725
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