State tax guide

Sales tax on gold & silver, state by state.

Whether a bullion purchase is taxed depends on where the sale happens — and the map has been redrawn repeatedly since 2024. Every jurisdiction below, with rates, thresholds and the recent changes, each verified against current law.

Verified 2026-08-28

• Alabama: No. Alabama exempts gold, silver, platinum and palladium bullion and coins from state sales tax.
• Alaska: No state sales tax exists in Alaska, so the state levies nothing on bullion purchases.
• Arizona: No. Arizona exempts precious-metal bullion and monetized bullion (coins) from its transaction privilege tax.
• Arkansas: No. Arkansas has exempted gold, silver, platinum and palladium bullion and coins from sales tax since October 1, 2021.
• California: Sometimes. California exempts bullion and coin transactions only when a single sale totals $2,000 or more; smaller purchases are taxed at the full state and local rate.
• Colorado: No. Colorado exempts precious-metal bullion and coins from state sales tax.
• Connecticut: Sometimes. Connecticut exempts sales of gold or silver bullion and legal-tender coins when the sale totals $1,000 or more; below that, the 6.35% sales tax applies.
• Delaware: No. Delaware has no sales tax at all, on bullion or anything else.
• Florida: No. Florida exempts qualifying gold, silver and platinum bullion from sales tax at any purchase amount.
• Georgia: No. Georgia exempts gold, silver and platinum bullion and coins from sales tax.
• Hawaii: Yes, effectively. Hawaii levies its general excise tax on bullion sales with no investment-metal exemption.
• Idaho: No. Idaho exempts precious-metal bullion and monetized bullion from sales tax.
• Illinois: No. Illinois exempts legal tender, currency, medallions and gold or silver coinage and bullion from sales tax.
• Indiana: Mostly no. Indiana exempts legal-tender coins and investment-grade bullion, though the exemption is scoped to qualifying products.
• Iowa: No. Iowa exempts sales of gold, silver, platinum and palladium bullion and coins from sales tax.
• Kansas: No. Kansas exempts gold and silver coins and all forms of bullion from sales tax.
• Kentucky: No. Kentucky has exempted currency and investment-grade bullion from sales tax since August 1, 2024.
• Louisiana: No. Louisiana exempts numismatic coins and gold, silver, platinum and palladium bullion from state sales tax.
• Maine: Yes. Maine applies its full sales tax to bullion and coin purchases, with no investment-metal exemption.
• Maryland: Sometimes. Since July 1, 2026 Maryland again exempts precious-metal bullion and coin sales over $1,000; smaller purchases pay the 6% sales tax.
• Massachusetts: Sometimes. Massachusetts exempts sales of $1,000 or more of qualifying coins and bullion; below that, the 6.25% sales tax applies.
• Michigan: No. Michigan exempts investment coins and bullion of at least 90% fineness from sales tax.
• Minnesota: No. Minnesota exempts precious-metal bullion, and since 2023 the exemption also covers coins and currency.
• Mississippi: No. Mississippi has exempted coins, currency and bullion from sales tax since July 2023.
• Missouri: No. Missouri exempts legal tender and investment bullion from state sales tax.
• Montana: No. Montana has no general sales tax, so bullion purchases carry none.
• Nebraska: No. Nebraska exempts currency and bullion from sales and use tax.
• Nevada: Mostly no. Nevada exempts bullion and coins sold for their metal content as investments.
• New Hampshire: No. New Hampshire has no sales tax at all.
• New Jersey: Sometimes. Since January 1, 2025 New Jersey exempts investment metal bullion and investment coins worth $1,000 or more; smaller purchases pay the 6.625% sales tax.
• New Mexico: Yes, effectively. New Mexico's gross receipts tax applies to bullion sales with no investment-metal exemption.
• New York: Sometimes. New York exempts qualifying bullion transactions of $1,000 or more; below that, state and local sales tax applies.
• North Carolina: No. North Carolina exempts investment coins, investment metal bullion and non-coin currency from sales tax.
• North Dakota: No. North Dakota exempts bullion of at least 99.9% fineness and legal-tender coins from sales tax.
• Ohio: No. Ohio exempts investment metal bullion and investment coins from sales tax.
• Oklahoma: No. Oklahoma exempts gold, silver, platinum and palladium bullion and legal-tender coins from sales tax.
• Oregon: No. Oregon has no sales tax at all.
• Pennsylvania: No. Pennsylvania exempts investment metal bullion and investment coins from sales tax.
• Rhode Island: No. Rhode Island exempts precious-metal bullion from sales tax.
• South Carolina: No. South Carolina exempts gold, silver and platinum bullion and legal-tender coins from sales tax.
• South Dakota: No. South Dakota exempts coins, currency and bullion from sales tax.
• Tennessee: No. Tennessee has exempted gold, silver, platinum and palladium coins and bullion from sales tax since 2022.
• Texas: No. Texas exempts gold, silver, platinum, palladium and rhodium bullion and numismatic coins from sales tax.
• Utah: No. Utah exempts legal-tender coinage and gold and silver bullion from sales tax.
• Vermont: Yes. Vermont applies its full sales tax to bullion and coin purchases, with no investment-metal exemption.
• Virginia: No. Virginia exempts gold, silver and platinum bullion and legal-tender coins from sales tax, with the exemption currently extended through June 30, 2028.
• Washington: Yes. Since January 1, 2026 Washington applies its full sales tax to bullion and coin purchases, having repealed a four-decade-old exemption.
• Washington, D.C.: Yes. The District of Columbia applies its sales tax to bullion and coin purchases, with no investment-metal exemption.
• West Virginia: No. West Virginia exempts investment metal bullion and investment coins from sales tax.
• Wisconsin: No. Wisconsin has exempted precious-metal bullion from sales tax since March 2024.
• Wyoming: No. Wyoming exempts gold and silver coin and bullion from sales tax.

• Sales tax on gold and silver in Canada