State tax guide · verified 2026-08-28

Does New York charge sales tax on gold and silver?

Sometimes. New York exempts qualifying bullion transactions of $1,000 or more; below that, state and local sales tax applies.

• Rate: 4% state, plus local rates (New York City's combined rate is 8.875%)
• Exemption threshold: $1,000
• The exemption has product conditions as well as the dollar floor: bullion must be sold for its metal content, and coins trading at large premiums to melt value can fall outside it.
• Local rates make the below-threshold cost significantly higher than the 4% state rate alone.
• Verify with: New York State Department of Taxation and Finance

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