Nevada is known as the ‘Silver State’ because of the significance of silver that lies hidden in its history and economy. It is also called the ‘Battle Born State’ as it was declared a state during the Civil War. It is bounded by California in the south and west, Arizona and Utah in the east and Oregon and Idaho in the north.
It is mainly comprises of desert and semi arid regions. Names like that of Great Basin, Mojave Desert and Lake Tahoe are very much to be found in this state. It is chiefly know for its libertarian laws in respect of marriage, divorce and gambling. All this has turned it into a popular tourist destination.
Taxes on silver sales
There is a specific transactions sales tax rate in Navada. This tax is applied for each sale and represents 6.85% of the price. There are some additional local sales tax required by cities or/and by the county, consequently the total sale tax amount varies between 6.85% and 8.1%.
Actually, this sales tax is not applied to silver coins and bullion purchases with no face value in this state. Coins sold higher than the face value as an American Eagle are taxable.
More information on sales tax : hhttp://tax.nv.gov/