Maine Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Maine charges sales tax on gold and silver bullion and coins; its list of exempt items does not include them.
The state exemption list in the sales tax law has no entry for gold, silver, coins, bullion or precious metals. Bills to exempt coins and bullion have been introduced in several years, including 2025, but none was found in the current law.
General state sales tax rate: 5.5%. Section 1760 history ends with PL 2025, c. 705, Pt. D, section 1. The 5.5% rate is from 36 MRSA 1811.
Where this comes from
Maine Revised Statutes, Title 36, section 1760 (exemptions), Maine Legislature. 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 Maine charge sales tax on gold and silver bullion?
Maine charges sales tax on gold and silver bullion and coins; its list of exempt items does not include them. The state exemption list in the sales tax law has no entry for gold, silver, coins, bullion or precious metals. Bills to exempt coins and bullion have been introduced in several years, including 2025, but none was found in the current law.
Where does this Maine rule come from?
Maine Revised Statutes, Title 36, section 1760 (exemptions), Maine Legislature: https://legislature.maine.gov/statutes/36/title36sec1760.html. 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.