Maryland Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Maryland does not charge sales tax on precious metal bullion or coins starting July 1, 2026.
Chapter 730 of 2026 (SB 309) removed both the $1,000 minimum and the Baltimore Convention Center rule, so the exemption now covers any sale. It covers refined precious metal valued mainly for its metal content, and coins or other money made of precious metal that are or were used as a medium of exchange. Jewelry and works of art made of these items are not covered. From 2025 until June 30, 2026, only sales over $1,000 at the Baltimore Convention Center were exempt.
General state sales tax rate: 6.00%. Ch. 730 of 2026, approved May 26, 2026, effective July 1, 2026; amends Md. Code, Tax-General 11-214.1. State rate from the Department of Legislative Services fiscal note for HB 500 (2026).
Where this comes from
Maryland General Assembly, 2026 Laws Chapter 730 (Senate Bill 309), Tax-General 11-214.1. 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 Maryland charge sales tax on gold and silver bullion?
Maryland does not charge sales tax on precious metal bullion or coins starting July 1, 2026. Chapter 730 of 2026 (SB 309) removed both the $1,000 minimum and the Baltimore Convention Center rule, so the exemption now covers any sale. It covers refined precious metal valued mainly for its metal content, and coins or other money made of precious metal that are or were used as a medium of exchange. Jewelry and works of art made of these items are not covered. From 2025 until June 30, 2026, only sales over $1,000 at the Baltimore Convention Center were exempt.
Where does this Maryland rule come from?
Maryland General Assembly, 2026 Laws Chapter 730 (Senate Bill 309), Tax-General 11-214.1: https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_730_sb0309e.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.