DBS Coins

Bullion Reporting

Customers that Purchase from DBS

Transactions under $1,500 – 
California Residents – In Compliance with CA State Laws, all California residents with purchases under $1,500 will be charged a 8.00% Sales Tax. Customers outside of CA will not be charged any sales tax or reporting.

Transactions over $1,500 – No Sales tax or bullion reporting

Customers that sell to DBS

Silver Products 1099 Exempt – No Reporting
– American Eagles
– Maple Leafs
– Austrian Philharmonics

Silver items – Reporting

– .999 Fine Silver Bars (1,000+ oz)
– .999 Fine Silver Rounds (1,000+ oz.)

Any selling amount that is .999 fine silver bars or rounds over 1,000+ oz of  silver in a single transaction is reportable. A form 1099 is required. 

Gold Products 1099 Exempt – No Reporting
– American Eagles
– American Buffalo
– Austrian Philharmonics

Gold items – Reportable
– Royal Canadian Maple Leafs (25+ oz.)
– Krugerrands (25+ oz.)
– Philharmonics (25+ oz.)
– Gold Bars (32.15+ oz.)

Selling 25+ oz of Gold Maple Leafs, Krugerrand’s, Philharmonics in a single transaction is reportable. A form 1099 is required.