South Carolina Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
South Carolina does not charge sales tax on gold, silver, and platinum bullion or on coins that are or were legal tender.
The statute exempts gold, silver, or platinum bullion, coins that are or have been legal tender in the United States or another place, and currency. Palladium is not listed. Retailers must keep records identifying each exempt sale.
General state sales tax rate: 6.00%. S.C. Code 12-36-2120(70). Rate: 5% under 12-36-910 plus 1% under 12-36-1110.
Where this comes from
South Carolina Code of Laws, Title 12, Chapter 36, Section 12-36-2120(70). 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 South Carolina charge sales tax on gold and silver bullion?
South Carolina does not charge sales tax on gold, silver, and platinum bullion or on coins that are or were legal tender. The statute exempts gold, silver, or platinum bullion, coins that are or have been legal tender in the United States or another place, and currency. Palladium is not listed. Retailers must keep records identifying each exempt sale.
Where does this South Carolina rule come from?
South Carolina Code of Laws, Title 12, Chapter 36, Section 12-36-2120(70): https://www.scstatehouse.gov/code/t12c036.php. 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.