Massachusetts Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Massachusetts does not charge sales tax on gold or silver bullion and coins when the sale is $1,000 or more.
The exemption covers gold or silver bullion or coins, rare coins of numismatic value, and gold or silver foreign money sold by its metal value, but only for sales of $1,000 or more. Sales under $1,000 are taxed. Precious metal that was made into items for industrial, professional, or artistic use does not qualify.
General state sales tax rate: 6.25%. M.G.L. c. 64H, section 6(ll). State rate from Tax Foundation 2026 table (taxfoundation.org/data/all/state/2026-sales-tax-rates/).
Where this comes from
Massachusetts Tax Expenditure Budget, FY2027, Item 3.108: Exemption for Certain Precious Metals. 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 Massachusetts charge sales tax on gold and silver bullion?
Massachusetts does not charge sales tax on gold or silver bullion and coins when the sale is $1,000 or more. The exemption covers gold or silver bullion or coins, rare coins of numismatic value, and gold or silver foreign money sold by its metal value, but only for sales of $1,000 or more. Sales under $1,000 are taxed. Precious metal that was made into items for industrial, professional, or artistic use does not qualify.
Where does this Massachusetts rule come from?
Massachusetts Tax Expenditure Budget, FY2027, Item 3.108: Exemption for Certain Precious Metals: https://budget.digital.mass.gov/govbudget/fy27/tax-expenditure-budget/sales-tax/exempt-products-services/3-108/. 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.