Precious metals and collectables markets involve risk and can be volatile. Purchasing precious metals and collectables often involves a degree of risk that makes them ill advised for certain individuals. You should carefully consider the suitability of precious metals and collectables as a personal financial choice before making any decisions that may affect your personal situation. Precious metal products, collectable coins and currency are not insured or gaurenteed and may lose value. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.
The information provided in this Website and in any of the Services provided is for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional.
The information, material and content provided on this Website or in any of the Services (herein referred to as the “Content”) is provided on an "as is" basis and your use of the Website and the Services is entirely at your own risk. NC Coppers makes no warranties of any kind with respect to the Content provided on the Website and on the Services, whether express or implied, including, but not limited to, warranties as to usefulness, accuracy, completeness, reliability, fitness for a particular purpose or are appropriate or available for use in any jurisdiction. You must be aware of the applicable laws and regulations of your locality.
NC Coppers adheres to the highest security measures to ensure your data is protected against theft, loss, and corruption, and against the misuse and alteration of any data stored on our servers. However, when you access this Website via a public or unsecured computer or network or if you chose to share your account username and password, NC Coppers cannot guarantee the security of your communications.
Unprotected communications over the Internet, such as via email or cellular phones, are not confidential or secure, may be intercepted, lost, or altered. We highly recommend that you not include private and sensitive information in any unprotected communications with NC Coppers.
NC Coppers specifically disclaims any liability with respect to any email communications or text messaging or other unprotected communications, whether initiated by you or NC Coppers. NC Coppers will not be liable or responsible for any damages suffered in connection with such communication.
NC Coppers shall not be liable under any circumstances whatsoever for any loss or damage, including any direct, indirect, special, incidental, consequential or exemplary damages or for any indirect or punitive losses or damages (including loss profits or lost savings), arising out of or in connection with the Website, Services or Content; with your use of or inability to use or access the Website, Services or Content; or with links to other third party sites, whether or not caused by the fault or neglect of NC Coppers and whether or not NC Coppers had knowledge that such losses or damages might be incurred.
Do you report my purchases to the government?
In almost all instances, we do not report your purchases to any government agency. We are required to maintain a record of purchases of scrap metal in writing for review by law enforcement. In the past five years we have been keeping these records we have yet to be contacted for a review.
However, we are required by law to report cash payments over $10,000 on a single transaction or series of related transactions as required by both state and federal law. Cash is defined as cash in any amount, money orders or cashier’s checks less than $10,000 each. Related transactions are defined as multiple transactions within a 30 day time span. For more information on reporting requirements, please contact us.
Are there any taxes on precious metals and collectables?
I am happy to say that on the 28th of July 2017, Governor Roy Cooper - (D), signed into law the Sales Tax repeal removing sales tax on Coins, Currency, and Bullion for the state of North Carolina!!!
The short answer is "NO", Not any more, Thank You ICTA, and TEAM!