Rhode Island Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Rhode Island does not charge sales tax on investment gold and silver bullion and coins.
The state exempts refined precious metal bullion valued for its metal content and coins with numismatic or investment value. Compiled guides say jewelry, accessories, and processed items are taxable, and some also list medals, tokens, and rounds as taxable. The statute page could not be opened, so details rest on compiled sources.
General state sales tax rate: 7.00%. R.I. Gen. Laws 44-18-30(24) bullion and (43) coins; page dated December 8, 2021.
Where this comes from
Gainesville Coins: Rhode Island Sales Tax for Precious Metals (quotes R.I.G.L. 44-18-30) (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 Rhode Island charge sales tax on gold and silver bullion?
Rhode Island does not charge sales tax on investment gold and silver bullion and coins. The state exempts refined precious metal bullion valued for its metal content and coins with numismatic or investment value. Compiled guides say jewelry, accessories, and processed items are taxable, and some also list medals, tokens, and rounds as taxable. The statute page could not be opened, so details rest on compiled sources.
Where does this Rhode Island rule come from?
Gainesville Coins: Rhode Island Sales Tax for Precious Metals (quotes R.I.G.L. 44-18-30) (a compiled source, not the state agency itself): https://gainesvillecoins.com/tax/rhode-island. 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.