New Mexico Sales Tax on Coins & Precious Metals
Is gold and silver taxable in New Mexico? Learn about New Mexico sales tax on coins, bullion, and precious metals. Updated 2026.
| State Sales Tax Rate | 4.875% |
| Bullion Exempt? | No — Taxed |
| Coins Exempt? | No — Taxed |
New Mexico applies its gross receipts tax (similar to sales tax) to precious metals and coin purchases. There is currently no exemption for bullion or coins. The rate varies by location but starts at 4.875% at the state level with local additions. Legislative efforts to create an exemption have been introduced but have not passed as of 2026.
Tax tip: New Mexico currently taxes precious metals purchases. Some collectors buy from dealers in tax-exempt states and have items shipped. Check whether your state charges use tax on out-of-state purchases, and always follow your state's tax laws.
Coin Shows in New Mexico
There are 2 coin shows listed in New Mexico. Browse them all or find one near you:
- Albuquerque Coin Club Show — Albuquerque, New Mexico
- Albuquerque Coin Club's Great Southwest Coin Expo — Albuquerque, New Mexico
View all coin shows in New Mexico →
Calculate Your Coin's Value
Heading to a New Mexico coin show? Use our Melt Value Calculator to check the metal value of your silver and gold coins before you go.
New Mexico tax authority website →
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Disclaimer: This information is for general reference only and does not constitute tax or legal advice. Tax laws change frequently. Always verify current rates and exemptions with the New Mexico tax authority or consult a qualified tax professional before making purchasing decisions.