Utah Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Utah does not charge sales tax on legal tender coins or on gold, silver and platinum bars that are at least 50% pure.
Coins and currency that are legal tender are exempt. Non-legal-tender ingots, bars, medallions and decorative coins are exempt only if they are at least 50% gold, silver or platinum. Palladium and copper, low-purity items, non-legal-tender collector coins and jewelry are taxed. I could not open the Utah code or Tax Commission pages, so this relies on a compiled guide, and a dealer's claim of a July 2025 change was not confirmed.
General state sales tax rate: 4.85%. Utah Code 59-12-104(50)-(51); a dealer page lists the text as effective 5/14/2019. No official source opened for later changes.
Where this comes from
GoldBroker, Utah precious metals tax guide (cites Utah Code 59-12-104(50) and (51)) (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 Utah charge sales tax on gold and silver bullion?
Utah does not charge sales tax on legal tender coins or on gold, silver and platinum bars that are at least 50% pure. Coins and currency that are legal tender are exempt. Non-legal-tender ingots, bars, medallions and decorative coins are exempt only if they are at least 50% gold, silver or platinum. Palladium and copper, low-purity items, non-legal-tender collector coins and jewelry are taxed. I could not open the Utah code or Tax Commission pages, so this relies on a compiled guide, and a dealer's claim of a July 2025 change was not confirmed.
Where does this Utah rule come from?
GoldBroker, Utah precious metals tax guide (cites Utah Code 59-12-104(50) and (51)) (a compiled source, not the state agency itself): https://goldbroker.com/investing-guide/precious-metals-taxation/utah. 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.