Silver Coin Dealers in Brooklyn

Bullion Sales Tax in Brooklyn, NY

​Brooklyn has a sales tax of 8.875%.  The state has an overall 4% sales tax and each city has its' own separate tax on top of that. Coins and paper currency are taxable in the state of New York.  The only time there is an exemption is if the total purchase is at least $1,000.  And for this exemption to apply, the bullion must be in the form of bars, rounds, or coins that are made out of gold, silver, platinum, palladium, or any other precious metal.  One coin in particular that is excluded from this exemption is the South Africa Krugerrand Bullion Coin.  

Fun Facts About Brooklyn 

  1. Brooklyn is considered to be part of New York City, however, geographically it is located on Long Island. 
  2. When the weather is cold, the Brooklyn Bridge will rise 3 inches because of how the cables contract and expand.
  3.  America’s first rollercoaster debuted on June 16, 1884 on Coney Island in Brooklyn.
  4. Brooklyn's largest public park is Prospect Park which is about 585 acres. 
  5. There are 30 miles of shoreline in Brooklyn. 
  6. It is the most populated borough in New York City. 
  7. Larry David who is known for being a co-creator  for the popular show Seinfeld  along with Jerry Seinfeld.  as well as creating  and acting in the HBO show Curb Your Enthusiasm , was born in Brooklyn. 
  8. Frank Ferrer, the drummer from Guns N' Roses is from Brooklyn. 
  9. Coney Island, which is located in Brooklyn, was the starting point for the famous hotdog and chain of  restaurants, Nathan’s Famous.
  10. Before becoming a borough of New York City, it was it's own independent city.