MCC 5832 - Antiques 
The Merchant Category Code (MCC) 5832 is designated for businesses that specialize in the sale and trade of antiques. These businesses engage in the buying and selling of items that hold significant historical or cultural value, typically items that are over 100 years old. This category encompasses a range of establishments, from small, independent antique shops to large and established galleries that focus on curating valuable collections.
Types of Services
- Antique Appraisal: Many businesses offer professional appraisal services to determine the value and authenticity of antique items.
- Buying and Selling: Transactions involve purchasing antiques from sellers and selling them to collectors, enthusiasts, or museums.
- Restoration Services: Some establishments provide restoration and repair services to maintain the integrity and value of antique items.
- Consignment Sales: Retailers may sell antiques on behalf of the item’s owner, sharing a percentage of the sale price.
Related MCCs
- MCC 5947: Gift, Card, Novelty, and Souvenir Shops: While this category includes items of interest, it focuses on gifts and novelties rather than aged and historical artifacts.
- MCC 5999: Miscellaneous and Specialty Retail Stores: A broader category that includes specialty stores not covered by a specific MCC, which might occasionally overlap with antique dealers.
- MCC 5931: Used Merchandise Stores, Secondhand Stores: Primarily covers secondhand and thrift stores, which may sell some antiques but not as their primary focus.
FAQs
- What qualifies an item as an antique?
- Items typically must be over 100 years old to be considered antiques, but specific classifications may vary by region or retailer. - Are antique stores taxable?
- Yes, antique stores are subject to the same taxation rules as other retail businesses, though tax regulations can vary by jurisdiction. - Do antique stores only sell physical items?
- While primarily focused on physical products, some antique shops may also offer appraisal services and restoration advice.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers