New Jersey Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
New Jersey does not charge sales tax on investment gold and silver bullion, but coins are exempt only if each coin is worth at least $1,000.
The state exempts smelted or refined investment metal bullion, with no dollar minimum. Coins qualify only if they are numismatic and each coin has a fair market value of at least $1,000. Metal made into industrial, professional, or artistic items, and jewelry or art made from coins, stay taxable. The page does not say how sales to a dealer are treated.
General state sales tax rate: 6.63%. P.L. 2024, c. 64, amending N.J.S.A. 54:32B-8.32; applies to sales on and after January 1, 2025.
Where this comes from
New Jersey Division of Taxation: Exemption for Sales of Certain Investment Bullion and Investment Coins. 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.
If you are selling or buying
Where to sell gold and silver Gold price today Silver price today All states
Quick answers
Does New Jersey charge sales tax on gold and silver bullion?
New Jersey does not charge sales tax on investment gold and silver bullion, but coins are exempt only if each coin is worth at least $1,000. The state exempts smelted or refined investment metal bullion, with no dollar minimum. Coins qualify only if they are numismatic and each coin has a fair market value of at least $1,000. Metal made into industrial, professional, or artistic items, and jewelry or art made from coins, stay taxable. The page does not say how sales to a dealer are treated.
Where does this New Jersey rule come from?
New Jersey Division of Taxation: Exemption for Sales of Certain Investment Bullion and Investment Coins: https://nj.gov/treasury/taxation/businesses/salestax/investbullion-coins.shtml. 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.