Rev. Rul. 58-330

Section 4001 of the Internal Revenue Code of 1954 imposes a tax on the sale at retail of several enumerated items, including watches, clocks, and cases and movements for watches and clocks. Held, a clock is subject to the tax when sold at retail, regardless of whether such clock is new, secondhand, or antique, or whether it is in working condition. Likewise, all cases and movements for clocks are taxable when sold separately at retail regardless of whether such cases or movements are new or used. Therefore, the sale of an antique clock to a purchaser for use rather than for resale is subject to the retailers excise tax, even though the clock may previously have been sold in a taxable transaction.