By Diane Piret (ICTA) for Numismaster

In the Aug. 14 Numismatic News Letters section, a reader, John Matlick stated:

“How about the interstate sales tax issue? We have a law on our books prohibiting coin companies from charging local state sales tax to customers in other states.” He later adds “Why should I, in California, pay sales tax on say, a Heritage auction item in Texas, just because California and Texas signed a pact? Last I heard, the federal government trumps the state in this regard.”

It was obvious that there were some misconceptions on the subject, so I thought perhaps a Viewpoint could help clear things up. To set the record straight, it is the coin, currency and precious metals dealers who should be thanked for achieving sales and use tax exemptions.

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