Idaho Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Idaho does not charge sales tax on refined precious metal bullion or on coins and other money made of metal.
Precious metal bullion is a refined elementary precious metal such as gold, silver or platinum. Monetized bullion is coins or money made from gold, silver or other metals, but not if sold to be made into jewelry or art. The text read was current as of January 1, 2024; the Idaho rule also taxes jewelry made with coins and commemorative medallions, which I could not open directly.
General state sales tax rate: 6%. Idaho Code 63-3622V; FindLaw shows text current as of January 1, 2024.
Where this comes from
Idaho Code section 63-3622V, Bullion (FindLaw copy) (a compiled source, not the state agency itself). 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 Idaho charge sales tax on gold and silver bullion?
Idaho does not charge sales tax on refined precious metal bullion or on coins and other money made of metal. Precious metal bullion is a refined elementary precious metal such as gold, silver or platinum. Monetized bullion is coins or money made from gold, silver or other metals, but not if sold to be made into jewelry or art. The text read was current as of January 1, 2024; the Idaho rule also taxes jewelry made with coins and commemorative medallions, which I could not open directly.
Where does this Idaho rule come from?
Idaho Code section 63-3622V, Bullion (FindLaw copy) (a compiled source, not the state agency itself): https://codes.findlaw.com/id/title-63-revenue-and-taxation/id-st-sect-63-3622v/. 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.