There is exempt from the tax imposed by this chapter the sale of all coins, currency, and bullion that are:

(1) Manufactured in whole or in part from gold, silver, platinum, palladium, or other material;

Terms Used In Tennessee Code 67-6-350

  • Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
  • Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
  • Sale: includes the furnishing of any of the things or services taxable under this chapter. See Tennessee Code 67-6-102
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(2) Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; and
(3) Sold based primarily on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange.
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