South Dakota Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
South Dakota does not charge sales tax on gold or silver bullion coins and bars.
The law exempts sales of coins, currency and bullion. Bullion means a bar, ingot or commemorative medallion of gold, silver, platinum or palladium whose value comes from its metal content, not its form. Coins and currency must be or have been legal tender; the state's fact sheet (as reported by a dealer) says jewelry and tokens are not covered. I could not open the current code page, so this rests on the 2007 law that created the exemption plus sources that say it is still in force; I found nothing on sales to dealers.
General state sales tax rate: 4.2%. 2007 S.D. Session Laws ch. 60; codified at SDCL 10-45-110. State rate 4.2% per dor.sd.gov (temporary cut through June 30, 2027 per a compiled source).
Where this comes from
South Dakota Legislature, 2007 Session Law Chapter 60 (creates the exemption now in SDCL 10-45-110 and 10-46-71); rate from South Dakota Department of Revenue. 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 Dakota charge sales tax on gold and silver bullion?
South Dakota does not charge sales tax on gold or silver bullion coins and bars. The law exempts sales of coins, currency and bullion. Bullion means a bar, ingot or commemorative medallion of gold, silver, platinum or palladium whose value comes from its metal content, not its form. Coins and currency must be or have been legal tender; the state's fact sheet (as reported by a dealer) says jewelry and tokens are not covered. I could not open the current code page, so this rests on the 2007 law that created the exemption plus sources that say it is still in force; I found nothing on sales to dealers.
Where does this South Dakota rule come from?
South Dakota Legislature, 2007 Session Law Chapter 60 (creates the exemption now in SDCL 10-45-110 and 10-46-71); rate from South Dakota Department of Revenue: https://mylrc.sdlegislature.gov/api/Documents/SessionLaw/113485.html?Year=2007. 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.