Sales Tax Guide
Primary-source-reviewed state guide to sales tax on gold, silver, bullion, and coins, with unconfirmed classifications clearly marked as pending.
Sales Tax on Coins & Precious Metals by State
Heading to a coin show or buying bullion online? Whether you pay sales tax on gold, silver, and coins depends on the jurisdiction, product, transaction, and current law. This guide displays a classification only after checking an exact government source.
Use the search below to find your state’s tax rules, or browse the full list.
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Collector coins are generally taxable. A sale of qualifying coins or bullion totaling at least $2,000 in one transaction may be exempt when all requirements of Regulation 1599 are met.
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Kentucky exempts qualifying bullion and collectible currency. The Department says the treatment applies for periods on or after August 1, 2024.
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Beginning July 1, 2026, qualifying precious-metal bullion or coin sales over $1,000 are exempt. Jewelry and precious-metal artwork do not qualify.
Qualifying sales of $1,000 or more may be exempt. Covered categories include rare numismatic coins and specified gold or silver bullion, coins, or tender.
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Only marked bars or rounds that are at least 99.9% gold, silver, platinum, or palladium qualify. Coins and currency are not included in this bullion definition.
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Nevada generally taxes bullion bought for investment and collector coins sold at a premium. Genuine medium-of-exchange transactions are treated differently.
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Qualifying investment bullion has no purchase minimum. Each qualifying numismatic investment coin must have a fair-market value of at least $1,000.
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A qualifying sale must exceed $1,000, remain in the purchased form, and satisfy statutory face-value or metal-value limits.
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Gold, silver, or platinum bullion and legal-tender coins or currency are exempt. The statute does not impose the previously listed $50 threshold.
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Virginia's bullion and legal-tender coin exemption expired June 30, 2025. Ordinary retail sales are now taxed at the applicable locality's general rate.
Washington repealed its precious-metal and monetized-bullion exclusion effective January 1, 2026. State and destination-based local tax now apply.
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Qualifying coins, bars, rounds, or sheets containing at least 35% of specified metals are exempt. This is not a blanket exemption for every coin or currency item.
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Audit Status
- Review pending means the current coin and bullion tax treatment has not yet been confirmed against an exact government statute, regulation, or tax-agency publication. Until that review is complete, no settled classification, rate, threshold, or product list is displayed.
- Green and red classifications appear only after an exact current government source has been checked.
- Orange entries remain visible for navigation but intentionally suppress their old classification while primary-source review is pending.
- “Exempt” never means every coin or precious-metal item qualifies; product form, metal content, value, seller, documentation, and local rules may matter.
Tips for Coin Show Buyers
- Know before you go — check your state’s rules above before buying at a coin show
- Threshold conditions — a minimum amount alone may not create an exemption; confirm the qualifying products, transaction rules, seller requirements, and local treatment
- Keep receipts — some states require documentation for the exemption, especially for large purchases
- Online purchases — buying from an out-of-state dealer may trigger “use tax” in your home state
- Numismatic vs. bullion — some states treat collector coins differently than bullion sold for metal value
Find a Show Near You
Know your state’s tax situation? Now find a coin show: Browse all coin shows or check what’s happening this weekend.
This information is for general reference only and does not constitute tax or legal advice. Tax laws change frequently. Always verify current rates, definitions, exemptions, and local treatment with your state tax authority or consult a qualified tax professional before making purchasing decisions.