Indiana Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Indiana exempts only bullion and coins that meet IRA purity rules, plus U.S. legal tender coins; other bullion is taxed.
Exempt bullion must be at least 99.5% gold, 99.9% silver, or 99.95% platinum or palladium, in coins, bars or rounds. American Eagle coins and coins issued under state law are exempt, and all U.S. coins and currency that are legal tender are exempt. Foreign coins, rare coins and bullion below those purity levels are taxed. Dealers may buy exempt items for resale with an exemption certificate.
General state sales tax rate: 7%. IC 6-2.5-5-47; bulletin dated October 2023, replacing the March 2023 version. The 7% rate is from the Tax Foundation midyear 2026 table, not this bulletin.
Where this comes from
Indiana Department of Revenue, Sales Tax Information Bulletin #50, Sales of Coins, Bullion, or Legal Tender. 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 Indiana charge sales tax on gold and silver bullion?
Indiana exempts only bullion and coins that meet IRA purity rules, plus U.S. legal tender coins; other bullion is taxed. Exempt bullion must be at least 99.5% gold, 99.9% silver, or 99.95% platinum or palladium, in coins, bars or rounds. American Eagle coins and coins issued under state law are exempt, and all U.S. coins and currency that are legal tender are exempt. Foreign coins, rare coins and bullion below those purity levels are taxed. Dealers may buy exempt items for resale with an exemption certificate.
Where does this Indiana rule come from?
Indiana Department of Revenue, Sales Tax Information Bulletin #50, Sales of Coins, Bullion, or Legal Tender: https://www.in.gov/dor/files/sib50.pdf. 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.