Connecticut Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Connecticut exempts gold and silver bullion from sales tax only on sales of $1,000 or more, until a 2027 law change.
Current law exempts rare or antique coins, gold or silver bullion and gold or silver legal tender of any nation that are sold for their metal value, only when the sale is $1,000 or more. A 2025 law removes the $1,000 minimum, adds platinum and palladium bullion, and sets a 90% purity minimum for gold and silver bullion, starting July 1, 2027. The Legislature summary reports that date; an earlier bill draft said January 1, 2026.
General state sales tax rate: 6.35%. PA 25-168 section 444; effective July 1, 2027 for sales on or after that date.
Where this comes from
Connecticut Office of Legislative Research, Summary of 2025 Public Acts (PA 25-168, section 444). Checked 2026-10-28. Local sales taxes and rules for specific items can differ, so read the source before you rely on it.
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. This is not tax advice. Rules change and have exceptions.
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Quick answers
Does Connecticut charge sales tax on gold and silver bullion?
Connecticut exempts gold and silver bullion from sales tax only on sales of $1,000 or more, until a 2027 law change. Current law exempts rare or antique coins, gold or silver bullion and gold or silver legal tender of any nation that are sold for their metal value, only when the sale is $1,000 or more. A 2025 law removes the $1,000 minimum, adds platinum and palladium bullion, and sets a 90% purity minimum for gold and silver bullion, starting July 1, 2027. The Legislature summary reports that date; an earlier bill draft said January 1, 2026.
Where does this Connecticut rule come from?
Connecticut Office of Legislative Research, Summary of 2025 Public Acts (PA 25-168, section 444): https://prdext3.cga.ct.gov/olr/Documents/year/PASUMBK/2025PASUMBK-20251027_Summary%20of%202025%20Public%20Acts.pdf?t=1792368000220. Lustre checked it on 2026-10-28.
Is this tax advice?
No. It is general information from the source above. Rules change and have exceptions. Check with the state tax agency or a tax professional.