Tennessee Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Tennessee does not charge sales tax on qualifying gold and silver coins, currency and bullion.
The 2022 law exempts coins, currency and bullion made wholly or partly of precious metal, used as legal tender, security or commodity, and sold mainly for their metal or collector value rather than as money. Gold, silver, platinum and palladium are covered, with no minimum purchase or purity rule reported. Jewelry, coin holders and other accessories are still taxed. I could not open the state revenue page (it blocked access), so this relies on a compiled guide.
General state sales tax rate: 7%. Public Chapter 1092 (2022), effective May 27, 2022 per Tennessee Dept. of Revenue notice SUT-121 (seen in search results only, page not opened); Tenn. Code Title 67, Ch. 6, Part 3.
Where this comes from
GoldBroker, Tennessee precious metals tax guide (cites Tenn. Pub. Ch. 1092 of 2022) (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 Tennessee charge sales tax on gold and silver bullion?
Tennessee does not charge sales tax on qualifying gold and silver coins, currency and bullion. The 2022 law exempts coins, currency and bullion made wholly or partly of precious metal, used as legal tender, security or commodity, and sold mainly for their metal or collector value rather than as money. Gold, silver, platinum and palladium are covered, with no minimum purchase or purity rule reported. Jewelry, coin holders and other accessories are still taxed. I could not open the state revenue page (it blocked access), so this relies on a compiled guide.
Where does this Tennessee rule come from?
GoldBroker, Tennessee precious metals tax guide (cites Tenn. Pub. Ch. 1092 of 2022) (a compiled source, not the state agency itself): https://goldbroker.com/investing-guide/precious-metals-taxation/tennessee. 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.