![]() ![]() Coins of the United States mintage of denominations in regular circulation but having special value to coin collectors are subject to ad valorem taxation in the hands of coin dealers held as stock in trade for sale by the dealers.īy a previously acknowledged letter you have requested the opinion of this office on two questions as follows: Proof coin sets are subject to ad valorem personal property taxes based on their market value when they are held as stock in trade by coin dealers for regular sale at retail.Ģ. TAXATION ‑- PROOF COIN SETS AND OLD COINS OF SPECIAL VALUE ‑- STOCK IN TRADE FOR SALE ‑- AD VALOREM PERSONAL PROPERTY TAXES.ġ.
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