Mississippi Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Mississippi does not charge sales tax on coins, currency, and bullion.
The Department of Revenue lists Senate Bill 2862 of 2023 as exempting sales of coins, currency, and bullion from sales and use tax. A trade report says the governor signed it April 19, 2023 and it took effect July 1, 2023. I could not open the bill text, so exact definitions and any exclusions such as jewelry are not confirmed here.
General state sales tax rate: 7.00%. SB 2862 (2023), amending Miss. Code 27-65-111; effective July 1, 2023 per Numismatic News (numismaticnews.net/coin-market/update-on-2023-sales-tax-exemptions). State rate from Tax Foundation 2026 table (taxfoundation.org/data/all/state/2026-sales-tax-rates/).
Where this comes from
Mississippi Department of Revenue, 2023 Legislation. 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 Mississippi charge sales tax on gold and silver bullion?
Mississippi does not charge sales tax on coins, currency, and bullion. The Department of Revenue lists Senate Bill 2862 of 2023 as exempting sales of coins, currency, and bullion from sales and use tax. A trade report says the governor signed it April 19, 2023 and it took effect July 1, 2023. I could not open the bill text, so exact definitions and any exclusions such as jewelry are not confirmed here.
Where does this Mississippi rule come from?
Mississippi Department of Revenue, 2023 Legislation: https://www.dor.ms.gov/2023-legislation. 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.