Oklahoma Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Oklahoma does not charge sales tax on gold and silver bullion coins and bars.
The exemption covers sales of gold, silver, platinum, palladium, or other bullion such as coins and bars, and legal tender sold for its metal value or as an investment. Bullion means metal whose value depends on its metal content, not its form. Metal made into art or jewelry is taxed. Storage in a depository is no longer required.
General state sales tax rate: 4.50%. 68 O.S. 1357(42), SB 862 signed June 4, 2014; effective November 1, 2014. Rate from oklahoma.gov/tax sales tax page.
Where this comes from
CoinWeek: ICTA Victory, Oklahoma Bullion Law Makes Coins and Bullion Sales Tax Exempt (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 Oklahoma charge sales tax on gold and silver bullion?
Oklahoma does not charge sales tax on gold and silver bullion coins and bars. The exemption covers sales of gold, silver, platinum, palladium, or other bullion such as coins and bars, and legal tender sold for its metal value or as an investment. Bullion means metal whose value depends on its metal content, not its form. Metal made into art or jewelry is taxed. Storage in a depository is no longer required.
Where does this Oklahoma rule come from?
CoinWeek: ICTA Victory, Oklahoma Bullion Law Makes Coins and Bullion Sales Tax Exempt (a compiled source, not the state agency itself): https://coinweek.com/icta-victory-oklahoma-bullion-law-makes-coins-and-bullion-sales-tax-exempt. 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.