Michigan Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Michigan does not charge sales tax on investment coins and gold, silver, or platinum bullion.
Bullion must be in bulk form, valued for its metal and not its shape, at 900 parts per 1,000 purity or higher. Investment coins are numismatic or legal-tender coins that sell for more than face value. Jewelry, medallions, tokens, palladium bars, and processed pieces such as colorized coins or statues are taxed, as are accessories. This is from a compiled guide that cites the statute; I could not open the Michigan Treasury or legislature pages.
General state sales tax rate: 6.00%. MCL 205.54s, effective July 7, 1999, per the guide. State rate from Tax Foundation 2026 table (taxfoundation.org/data/all/state/2026-sales-tax-rates/).
Where this comes from
Goldbroker investing guide: Gold and Silver Taxes in Michigan (cites MCL 205.54s) (a compiled source, not the state agency itself). 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 Michigan charge sales tax on gold and silver bullion?
Michigan does not charge sales tax on investment coins and gold, silver, or platinum bullion. Bullion must be in bulk form, valued for its metal and not its shape, at 900 parts per 1,000 purity or higher. Investment coins are numismatic or legal-tender coins that sell for more than face value. Jewelry, medallions, tokens, palladium bars, and processed pieces such as colorized coins or statues are taxed, as are accessories. This is from a compiled guide that cites the statute; I could not open the Michigan Treasury or legislature pages.
Where does this Michigan rule come from?
Goldbroker investing guide: Gold and Silver Taxes in Michigan (cites MCL 205.54s) (a compiled source, not the state agency itself): https://goldbroker.com/investing-guide/precious-metals-taxation/michigan. 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.