Nev. Admin. Code § 372.170 — 372.170

NAC 372.170    Coins and stamps; bullion. ( NRS
360.090 , 372.725 )
1.  The tax applies to sales of coins or
uncancelled stamps at a premium price for purposes other than use as a medium
of exchange or postage. The tax does not apply to sales of coins or uncancelled
stamps, even though sold at a premium price, if the purpose of the use of the
coins or stamps is as a medium of exchange or postage.
2.  If the sales price exceeds the face value
of the coins or stamps by 50 percent, they will be deemed to have value as
collectors’ items and will be taxable. If the sales price does not exceed the
face value of the coins or stamps by 50 percent, they will be deemed to have
value solely as a medium of exchange or postage and will not be taxable. Sales
of any coins not currently accepted as money and sales of cancelled stamps or
stamps not currently accepted for postage are taxable.
3.  Sales of coins to gaming establishments
at any price for use in gaming operations are not taxable, except that, sales
of coins at a premium price to gaming establishments for purposes other than
use as a medium of exchange are governed by subsection 2.
4.  The tax applies to sales of bullion at a
premium price for purposes other than use as a medium of exchange. The tax does
not apply to sales of bullion, even though sold at a premium price, if the
purpose of the use of the bullion is as a medium of exchange.
[Tax Comm’n, Combined Sales and Use Tax Ruling No. 74,
eff. 9-7-73]—(NAC A by R154-10, 5-5-2011)