To be exempted from GST, precious metals items "must have the character of the metal rather than the character of a thing made from the metal," according to the ATO. Most bullion coins and tablets traded by ABC Bullion are exempt from GST, because they are investment grade bullion. However, numismatic coins purchased online or from a collectible coin dealer may attract GST depending on the coin.
Is there GST on numismatic and collectible coins?
Modified on: Wed, 20 Jan, 2021 at 3:32 PM
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