SPOKANE, Wash. — Washington residents will pay approximately 10% more for gold, silver and precious coins starting January 1 as a new state sales tax takes effect on precious metals purchases.
Previously exempt from state sales tax, precious metals will now be treated the same as other retail purchases like clothing and electronics.
Local coin store owners expressed concern about the impact on their businesses. Nick Crocker, owner of Coin Corner in Spokane Valley, said the timing is particularly challenging…