State tax guide · verified 2026-08-28

Does New Jersey charge sales tax on gold and silver?

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.

• Rate: 6.625%
• Exemption threshold: $1,000
• Enacted by S-721 (signed September 2024, effective January 1, 2025). The $1,000 floor was a late amendment to limit the revenue impact — below it, full tax still applies.
• New Jersey began exempting investment bullion and coins of $1,000+ on January 1, 2025 (S-721).
• Verify with: New Jersey Division of Taxation

• Sales tax on gold & silver, state by state
• Sales tax on gold and silver in Canada