Wisconsin Sales Tax on Gold and Silver
CHECKED 2026-10-28. NOT TAX ADVICE.
Wisconsin does not charge sales tax on gold and silver coins, bars and rounds.
The exemption covers coins, bars, rounds or sheets with at least 35% gold, silver, copper, platinum or palladium that are marked with weight, purity and content or minted by a government on that basis. Jewelry, art, scrap and electronics are not covered, and buyers give the seller an exemption certificate (Form S-211). The coin trade reads the law to include collector coins, but that is not a Revenue Department ruling. I could not open the legislature or Revenue Department pages.
General state sales tax rate: 5%. 2023 Wisconsin Act 149, signed March 21, 2024, effective March 23, 2024 per Legislative Council memo; statute numbered 77.54(71) in the Act and 77.54(74) in some later sources. Rate 5% per GoldBroker.
Where this comes from
Coin World, 'Wisconsin grants precious metal bullion tax exemption' (cites Wis. Stat. 77.54(71), 2023 Wis. Act 149) (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 Wisconsin charge sales tax on gold and silver bullion?
Wisconsin does not charge sales tax on gold and silver coins, bars and rounds. The exemption covers coins, bars, rounds or sheets with at least 35% gold, silver, copper, platinum or palladium that are marked with weight, purity and content or minted by a government on that basis. Jewelry, art, scrap and electronics are not covered, and buyers give the seller an exemption certificate (Form S-211). The coin trade reads the law to include collector coins, but that is not a Revenue Department ruling. I could not open the legislature or Revenue Department pages.
Where does this Wisconsin rule come from?
Coin World, 'Wisconsin grants precious metal bullion tax exemption' (cites Wis. Stat. 77.54(71), 2023 Wis. Act 149) (a compiled source, not the state agency itself): https://www.coinworld.com/news/precious-metals/wisconsin-grants-precious-metal-bullion-tax-exemption. 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.