Sales Tax on Gold and Silver by State
51 STATES. EACH ONE LINKS TO ITS SOURCE. NOT TAX ADVICE.
Some states charge sales tax on gold and silver coins and bars. Others do not, or only above a set price. Pick a state to see the rule, the page it came from and the date we checked it. Buying for investment and buying for jewelry are often taxed differently.
| State | Bullion sales tax |
|---|---|
| Alabama | No sales tax on bullion |
| Alaska | Depends on the sale |
| Arizona | No sales tax on bullion |
| Arkansas | No sales tax on bullion |
| California | Depends on the sale |
| Colorado | No sales tax on bullion |
| Connecticut | Depends on the sale |
| Delaware | No sales tax on bullion |
| District of Columbia | Sales tax applies |
| Florida | No sales tax on bullion |
| Georgia | No sales tax on bullion |
| Hawaii | Sales tax applies |
| Idaho | No sales tax on bullion |
| Illinois | No sales tax on bullion |
| Indiana | Depends on the sale |
| Iowa | No sales tax on bullion |
| Kansas | No sales tax on bullion |
| Kentucky | No sales tax on bullion |
| Louisiana | No sales tax on bullion |
| Maine | Sales tax applies |
| Maryland | No sales tax on bullion |
| Massachusetts | Depends on the sale |
| Michigan | No sales tax on bullion |
| Minnesota | Depends on the sale |
| Mississippi | No sales tax on bullion |
| Missouri | No sales tax on bullion |
| Montana | No sales tax on bullion |
| Nebraska | No sales tax on bullion |
| Nevada | Sales tax applies |
| New Hampshire | No sales tax on bullion |
| New Jersey | Depends on the sale |
| New Mexico | Sales tax applies |
| New York | Depends on the sale |
| North Carolina | No sales tax on bullion |
| North Dakota | Depends on the sale |
| Ohio | No sales tax on bullion |
| Oklahoma | No sales tax on bullion |
| Oregon | No sales tax on bullion |
| Pennsylvania | No sales tax on bullion |
| Rhode Island | No sales tax on bullion |
| South Carolina | No sales tax on bullion |
| South Dakota | No sales tax on bullion |
| Tennessee | No sales tax on bullion |
| Texas | No sales tax on bullion |
| Utah | Depends on the sale |
| Vermont | Sales tax applies |
| Virginia | No sales tax on bullion |
| Washington | Sales tax applies |
| West Virginia | No sales tax on bullion |
| Wisconsin | No sales tax on bullion |
| Wyoming | Depends on the sale |
Under IRS Form 1099-B instructions, a sale of precious metals in a form and quantity that matches a CFTC-approved futures contract (for example, at least 25 gold coins of a covered type) can require the broker or dealer to report it; a single coin sale does not, and sales to the same customer within 24 hours are added together. irs.gov
General information only, not tax advice. Rules change, and many have exceptions. Selling for a gain can also be taxable income. See also where to sell gold and silver.
Quick answers
Do I pay sales tax when I buy gold or silver?
It depends on the state. In the states listed on this page, 33 do not charge sales tax on bullion, 7 do, and 11 depend on the item or the size of the sale. Open your state for the rule and the source.
Is sales tax charged when I sell gold or silver to a dealer?
Sales tax is normally charged on what a buyer pays a seller. When you sell to a dealer you are the seller, so you do not charge the dealer tax in the usual case. Details are in each state page.
Is this tax advice?
No. This is general information from the sources linked on each page. Rules change and have exceptions. Check with your state tax agency or a tax professional before you decide.