Kentucky Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Kentucky does not charge sales tax on bullion or on coins and currency that were legal tender.
Bullion means bars, ingots or coins that have been used as a medium of exchange, and currency means coin or paper money that has been legal tender. Jewelry, cutlery and other items that contain gold, silver, platinum or palladium are taxed, as is sterling silverware. The exemption took effect August 1, 2024.
General state sales tax rate: 6%. KRS 139.480(37), effective August 1, 2024 (House Bill 8, 2024). The 6% rate is from the Tax Foundation midyear 2026 table.
Where this comes from
Kentucky Department of Revenue, Sales Tax Facts, Winter 2025/2026. 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 Kentucky charge sales tax on gold and silver bullion?
Kentucky does not charge sales tax on bullion or on coins and currency that were legal tender. Bullion means bars, ingots or coins that have been used as a medium of exchange, and currency means coin or paper money that has been legal tender. Jewelry, cutlery and other items that contain gold, silver, platinum or palladium are taxed, as is sterling silverware. The exemption took effect August 1, 2024.
Where does this Kentucky rule come from?
Kentucky Department of Revenue, Sales Tax Facts, Winter 2025/2026: https://revenue.ky.gov/News/Publications/Sales%20Tax%20Newsletters/Sales%20Tax%20Facts%20Winter%202025-2026.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.