Virginia Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Virginia does not charge sales tax on gold, silver or platinum bullion and legal tender coins, for now.
The exemption is in Va. Code 58.1-609.1(19) and covers gold, silver or platinum bullion and legal tender coins; jewelry and works of art are excluded. The 2026 budget (HB 30, item 3-5.22) says it stays in effect through July 1, 2028, so the earlier June 30, 2026 end date did not happen. The code page itself still shows the older 'effective through June 30, 2025' wording, so the budget text controls until the code is updated. Palladium is not listed.
General state sales tax rate: 4.3%. Va. Code 58.1-609.1(19); exemption extended through July 1, 2028 by 2026 Appropriation Act item 3-5.22 (prior sunset June 30, 2026 from 2025 HB 1600). State rate 4.3% plus 1% local per GoldBroker, not a state page.
Where this comes from
Virginia Budget Bill HB 30 (2026 Special Session I), Item 3-5.22, Virginia Legislative Information System. 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.
If you are selling or buying
Where to sell gold and silver Gold price today Silver price today All states
Quick answers
Does Virginia charge sales tax on gold and silver bullion?
Virginia does not charge sales tax on gold, silver or platinum bullion and legal tender coins, for now. The exemption is in Va. Code 58.1-609.1(19) and covers gold, silver or platinum bullion and legal tender coins; jewelry and works of art are excluded. The 2026 budget (HB 30, item 3-5.22) says it stays in effect through July 1, 2028, so the earlier June 30, 2026 end date did not happen. The code page itself still shows the older 'effective through June 30, 2025' wording, so the budget text controls until the code is updated. Palladium is not listed.
Where does this Virginia rule come from?
Virginia Budget Bill HB 30 (2026 Special Session I), Item 3-5.22, Virginia Legislative Information System: https://budget.lis.virginia.gov/item/2026/2/HB30/Chapter/3/3-5.22/. 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.