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Precious Metals Sales Tax By State

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GR Reserve Sales Tax Information

Last Updated: June 18, 2026

Understanding Sales Tax on Precious Metals

Sales tax on precious metals varies significantly across the United States, with each state maintaining its own regulations, exemptions, and thresholds. Understanding these differences is crucial for investors and collectors who want to minimize their tax burden while remaining compliant with state and local laws.

The precious metals industry has seen significant legislative activity in recent years, with many states recognizing the importance of gold and silver as monetary assets and implementing tax policies that encourage precious metals ownership. However, the landscape remains complex, with some states maintaining full taxation while others provide comprehensive exemptions.

GR Reserve is committed to providing accurate, up-to-date information about sales tax obligations in each state where we conduct business. This comprehensive guide reflects the most current information available as of June 18, 2026, including recent legislative changes already in effect and scheduled changes that customers should monitor.

How Sales Tax is Applied

Sales tax on precious metals typically depends on several factors including the type of product, the total transaction value, the purity of the metals, and the specific state regulations. Some states exempt all precious metals transactions, while others apply complex formulas based on premiums over spot price or minimum purchase thresholds.

It is important to understand that sales tax is applied at the time of purchase and is based on the shipping destination, not the location of the seller. This means that customers purchasing from GR Reserve will be subject to the sales tax laws of the state where their order is being shipped.

Product Definitions

Understanding how different states classify precious metals products is essential for determining tax obligations. The following definitions are commonly used across various state tax codes:

Precious Metal Bullion: Refined precious metals in the form of bars, ingots, or rounds that derive their value primarily from their metal content rather than numismatic or collectible value. This typically includes gold, silver, platinum, and palladium products with high purity standards. Many states provide exemptions for bullion, often with specific purity requirements.

Legal Tender Coins: Coins that have been issued by a government and are recognized as official currency. This includes American Eagles, Canadian Maple Leafs, and other government-issued precious metals coins.

Numismatic Coins: Coins that derive value from factors beyond their precious metal content, including rarity, condition, age, or historical significance. These products often trade at significant premiums to their metal value. Some states have specific rules for numismatic coins, which may differ from the rules for bullion.

Investment Metal Bullion: A specific classification used by some states to describe precious metals purchased primarily for investment purposes rather than industrial use or collection.

Accessory Items: Products related to precious metals storage and handling, including coin tubes, holders, storage boxes, and protective cases. In most states, accessories are considered tangible personal property and are subject to sales tax, even if the precious metals themselves are exempt.

Processed Items: Precious metals that have been manufactured into jewelry, decorative items, or other products where the value is derived from craftsmanship in addition to metal content. These items are generally taxable, as their value is derived from their form and function, not just their metal content.

Table of Contents

Quick Navigation by State

Additional Information

State-by-State Sales Tax Information

Alabama

Tax Status: Exempt for qualifying bullion, including coins, of gold, silver, platinum, palladium, or combinations of those precious metals.
Local Tax Notes: Alabama rule states exempt from sales and use tax; taxable non-bullion shipped under Alabama SSUT remains subject to applicable collection rules.
Threshold / Product Limits: No dollar threshold found. Qualifying items must be refined, at least 90% gold, silver, platinum, or palladium or a combination of those metals, and valued based on mass/purity and market price rather than form, numismatic value, rarity, condition, age, or other external value. Jewelry, works of art, professional/commercial service inputs, copper, accessories, and nonqualifying collectibles remain taxable.
Effective / Sunset Dates: Effective June 1, 2018; current rule runs until May 31, 2028.
Official Sources: State statute or bill text; State tax authority

Alaska

Tax Status: No statewide sales tax.
Local Tax Notes: Several municipalities levy local sales and/or use taxes.
Threshold / Product Limits: No state-level precious-metals exemption is needed because Alaska does not levy a state sales tax.
Effective / Sunset Dates: No state sales tax as of June 18, 2026; no precious-metals-specific sunset found.
Official Sources: commerce.alaska.gov; arsstc.org

Arizona

Tax Status: Exempt for cash equivalents, precious metal bullion, and monetized bullion purchased by the ultimate consumer.
Local Tax Notes: Arizona has state/county TPT plus city Model City Tax Code rules; Arizona DOR's Model City Tax Code also addresses monetized bullion/numismatic value. Confirm city treatment for home-rule/local TPT implementation if needed.
Threshold / Product Limits: No minimum purchase threshold found. Precious metal bullion includes gold, silver, platinum, rhodium, and palladium that has been smelted or refined so value depends on contents rather than form. Monetized bullion means coins or other money made from metals and used as a medium of exchange by Arizona, the United States, or a foreign nation. Coins or money sold for manufacture into jewelry or works of art are taxable.
Effective / Sunset Dates: Current exemption in A.R.S. sections 42-5061 and 42-5159; no sunset found.
Official Sources: State statute or bill text; State tax authority

Arkansas

Tax Status: Exempt for coins, currency, and bullion from Arkansas gross receipts tax and compensating use tax.
Local Tax Notes: Arkansas Act 1109 fiscal summary described the exemption as state and local sales/use tax. The codified exemption applies to gross receipts and compensating use tax.
Threshold / Product Limits: No minimum purchase threshold found. Act 1109 defines bullion as a bar, ingot, or coin manufactured in whole or in part of gold, silver, platinum, or palladium. The statutory text excludes items incorporated into jewelry.
Effective / Sunset Dates: Act 1109 effective October 1, 2021; no sunset found.
Official Sources: State statute or bill text; State statute or bill text

California

Tax Status: Partial exemption for qualifying bulk sales of monetized bullion, nonmonetized gold or silver bullion, and numismatic coins.
Local Tax Notes: California sales/use tax applies below the threshold and to nonqualifying products, including applicable district/local rates.
Threshold / Product Limits: Exempt only when the total market value in a single qualifying transaction is $2,000 or more, effective July 1, 2023. Nonmonetized bullion is limited to gold or silver whose value depends primarily on metal content and not form. Monetized bullion covers coins or other money made of gold, silver, or other metal with legal-tender-equivalent status. Nonmonetized platinum, palladium, copper, accessories, and processed items are not covered by this exemption unless another rule applies.
Effective / Sunset Dates: $2,000 threshold effective July 1, 2023; threshold may be adjusted by CDTFA under Revenue and Taxation Code section 6355.
Official Sources: California CDTFA; California CDTFA

Colorado

Tax Status: Exempt for coins and precious metal bullion.
Local Tax Notes: Exemption applies to state and state-administered local sales/use taxes, including RTD and Scientific and Cultural Facilities District taxes. It does not apply automatically to home-rule cities not administered by Colorado DOR.
Threshold / Product Limits: No dollar threshold found. Coins must be monetized bullion or other money, manufactured from gold, silver, platinum, palladium, or similar metals, and designated as a medium of exchange by Colorado, the United States, or a foreign nation. Precious metal bullion is refined metal whose value depends on precious metal content and not form. Art, jewelry, commemoratives made from coins/bullion, and non-coin/non-bullion numismatic items such as paper money or tokens are taxable.
Effective / Sunset Dates: Current DOR guidance revised/replaced Sales 60 in 2025; no statutory sunset found.
Official Sources: State tax authority; State tax authority

Connecticut

Tax Status: As of June 18, 2026, partial exemption remains in effect for rare or antique coins, gold or silver bullion, and gold or silver legal tender of any nation traded according to precious-metal value, subject to the $1,000 threshold for bullion/legal tender. Major expansion is scheduled but not effective yet.
Local Tax Notes: Connecticut has a statewide 6.35% sales/use tax and no local sales tax.
Threshold / Product Limits: Until June 30, 2027, exemption does not apply when the total value of bullion or legal tender sold by the retailer is less than $1,000. Platinum and palladium are not included until the scheduled 2027 change. Effective July 1, 2027, legislation removes the $1,000 threshold, extends exemption to palladium bullion and platinum, and limits gold/silver bullion to at least 90% purity.
Effective / Sunset Dates: Current section 12-412(45) exemption ongoing. Expansion effective July 1, 2027 for sales occurring on or after that date.
Official Sources: portal.ct.gov; portal.ct.gov

Delaware

Tax Status: No state or local sales tax.
Local Tax Notes: Delaware imposes gross receipts tax on sellers of goods/services in Delaware, not a buyer sales tax; state guidance says it may not be passed on to the consumer.
Threshold / Product Limits: No sales-tax precious-metals limits because Delaware does not impose state or local sales tax.
Effective / Sunset Dates: No sales tax as of June 18, 2026; no precious-metals-specific sunset found.
Official Sources: State tax authority; State tax authority

Florida

Tax Status: Partial exemption. Gold, silver, and platinum bullion are exempt from sales and use tax regardless of sales price effective August 1, 2025. Separate coin/currency rules still matter.
Local Tax Notes: Florida discretionary surtax/local rates apply to taxable items; exempt bullion is exempt from sales/use tax under the state DOR guidance.
Threshold / Product Limits: The previous $500 threshold for gold, silver, and platinum bullion was removed. Florida DOR TIP 25A01-03 names gold, silver, and platinum bullion only. Jewelry, processed items, accessories, and nonqualifying coins/currency remain taxable. Current administrative rule still may lag the 2025 statutory change, so rely on TIP/statute for the no-threshold bullion change.
Effective / Sunset Dates: Expanded exemption effective August 1, 2025. No sunset identified in this update.
Official Sources: State tax authority; State statute or bill text

Georgia

Tax Status: Exempt for bullion, coins, or currency.
Local Tax Notes: Georgia rule says sale of bullion, coins, or currency is not subject to sales and use tax; taxable nonqualifying products remain subject to applicable state/local rates.
Threshold / Product Limits: No minimum threshold found. Georgia rule defines bullion as gold, silver, platinum, or any combination thereof, where the sales price is based on metal content and not form. Medals of gold, silver, platinum, or combinations thereof are exempt if priced based on metal content. Jewelry or works of art containing bullion, coins, or currency are taxable; medals are generally taxable unless they meet the metal-content rule. Palladium is not listed in the Georgia bullion definition found.
Effective / Sunset Dates: Article effective date May 10, 2001 appears consistent with the long-standing rule; no sunset found.
Official Sources: rules.sos.ga.gov; State tax authority

Hawaii

Tax Status: Fully taxable through Hawaii General Excise Tax treatment; Hawaii has no sales tax but GET applies broadly to business activities, including retailing unless a specific exemption applies.
Local Tax Notes: State GET rate is generally 4% for retailing/most activities, with county surcharge in some counties. This is not technically a local sales tax; it is a GET surcharge regime.
Threshold / Product Limits: No precious-metals GET exemption found in current official GET materials. All bullion, coins, accessories, and processed items should be treated as taxable for article purposes unless a specific exemption is later enacted.
Effective / Sunset Dates: No current precious-metals exemption or sunset found. Prior exemption bills appear not to have become current law.
Official Sources: State tax authority; files.hawaii.gov

Idaho

Tax Status: Exempt for sales and purchases of precious metal bullion and monetized bullion.
Local Tax Notes: Idaho state sales tax exemption applies to qualifying bullion/monetized bullion; taxable nonqualifying products can be subject to state and applicable local resort taxes.
Threshold / Product Limits: No minimum purchase threshold found. Precious metal bullion includes elementary precious metal such as gold, silver, platinum, rhodium, and chromium that has been smelted/refined and whose value depends on content rather than form. Monetized bullion is a coin made of gold, silver, or other metals used as a medium of exchange under Idaho, U.S., or foreign law. Coins or money sold to be manufactured into jewelry or works of art, medallions/tokens/commemorative coins, jewelry items, and accessories are taxable unless a specific exemption applies.
Effective / Sunset Dates: Sales tax rule in place under Idaho Code section 63-3622V and Rule 039; no sunset found. 2025 income-tax/capital-gains changes are separate from sales tax.
Official Sources: State tax authority; State statute or bill text

Illinois

Tax Status: Exempt for legal tender, currency, medallions, gold or silver coinage issued by Illinois, the U.S., or a foreign government, and bullion.
Local Tax Notes: Illinois state and local retailers' occupation/use tax structure applies to taxable products; exempt legal tender/currency/medallions/bullion are exempt under 35 ILCS 120/2-5(18).
Threshold / Product Limits: No dollar threshold found. Illinois DOR matrix treats collector coins that are legal tender as exempt. Illinois guidance treats legal tender and listed bullion categories as exempt; product-specific bullion classification should be checked against current Illinois administrative guidance when eligibility is unclear.
Effective / Sunset Dates: Current statutory exemption; no sunset found.
Official Sources: ilga.gov; State tax authority; State tax authority

Indiana

Tax Status: Exempt for retail transactions involving legal tender, specified bullion, and coins/bullion that are permitted IRA investments.
Local Tax Notes: Indiana has a state sales tax and no local sales tax.
Threshold / Product Limits: No dollar threshold found. Official Indiana register guidance says transactions involving coins or bullion are exempt if the coins or bullion are permitted investments by an individual retirement account or individually directed account. IRA-permitted coin and bullion standards may apply depending on the product; product-specific eligibility should be checked against current Indiana guidance when classification is unclear.
Effective / Sunset Dates: Current exemption guidance published in Indiana Register in 2023; no sunset found.
Official Sources: iar.iga.in.gov; iga.in.gov

Iowa

Tax Status: Exempt for the sales price from sales of coins, currency, or bullion.
Local Tax Notes: Iowa has state sales/use tax and local option sales tax on most taxable sales; the section 423.3(91) exemption applies to qualifying coins/currency/bullion.
Threshold / Product Limits: No dollar threshold found. Bullion means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or combinations thereof where value depends on metal content and not form. Coins/currency means a coin or currency made of gold, silver, other metal, or paper that is or has been used as legal tender.
Effective / Sunset Dates: Exemption effective/reinstated July 1, 2006; no sunset found. 2024 HF 2626 capital-gains change is separate from sales tax.
Official Sources: State statute or bill text; State tax authority

Kansas

Tax Status: Exempt for all sales of gold or silver coins and palladium, platinum, gold, or silver bullion.
Local Tax Notes: Kansas sales/use tax exemption applies to covered products; taxable nonqualifying products remain subject to state and local rates.
Threshold / Product Limits: No dollar threshold found. Bullion means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or combinations thereof for which value depends on metal content and not form. Coins exempted by the statute are gold or silver coins; palladium/platinum coins are not covered by the coin phrase unless they independently qualify as bullion/medallions.
Effective / Sunset Dates: Effective July 1, 2019 under HB 2140 / K.S.A. 79-3606(mmmm); no sunset found.
Official Sources: ksrevisor.gov; State tax authority

Kentucky

Tax Status: Exempt for sale, use, storage, or other consumption of currency and bullion.
Local Tax Notes: Kentucky does not have local sales tax; the 6% state sales/use tax does not apply to qualifying currency/bullion.
Threshold / Product Limits: No minimum purchase threshold found. Bullion means bars, ingots, or coins made of gold, silver, platinum, palladium, or combinations of those metals, valued based on metal content and not form, and used or having been used as a medium of exchange, security, or commodity by a state, the U.S. government, or a foreign nation. Excludes medallions or coins incorporated into a pendant or other jewelry. Currency includes coins or paper money used as a medium of exchange; collectible-value coins/currency have separate limits/exclusions in the statutory definition.
Effective / Sunset Dates: Effective August 1, 2024 under HB 8. HB 2 / Chapter 100 in 2025 confirms refund/action framework for tax improperly collected on exempt currency/bullion from August 1, 2024 onward. No sunset identified in this update.
Official Sources: State statute or bill text; State statute or bill text; State statute or bill text

Louisiana

Tax Status: Partial state sales/use tax exclusion for platinum, gold, or silver bullion valued solely on metal content, and for numismatic coins with a sales price of $1,000 or less. Palladium and copper are not covered by the cited exclusion.
Local Tax Notes: Local tax treatment depends on the applicable state and local rules.
Threshold / Product Limits: No minimum for qualifying platinum/gold/silver bullion. Numismatic coin exclusion is capped at sales price of $1,000 or less. Bullion measurement is by precious metal content whether coin or ingot form.
Effective / Sunset Dates: Effective/applicable against all state sales and use taxes beginning October 1, 2017.
Official Sources: State statute or bill text; State statute or bill text

Maine

Tax Status: Fully taxable under Maine's general sales/use tax; no current precious-metals exemption found.
Local Tax Notes: Maine has no local sales/use taxes.
Threshold / Product Limits: None; no bullion/coin threshold or purity exemption is currently enacted.
Effective / Sunset Dates: General sales/use tax rate is 5.5%. LD 372, a 2025 bill to exempt gold and silver coins and bullion, died between houses on June 16, 2025.
Official Sources: maine.gov; State statute or bill text; State tax authority

Maryland

Tax Status: Mostly taxable for ordinary shipped/customer sales. The remaining exemption applies only if the sale price is greater than $1,000 and the sale occurs at the Baltimore Convention Center.
Local Tax Notes: Maryland does not have local sales tax add-ons.
Threshold / Product Limits: Precious metal bullion or coins must be sold for more than $1,000 and at the Baltimore Convention Center to qualify.
Effective / Sunset Dates: HB 352 changes effective July 1, 2025. No sunset identified in this update.
Official Sources: State statute or bill text; State statute or bill text

Massachusetts

Tax Status: Partial exemption for sales of $1,000 or more of rare coins of numismatic value, gold or silver bullion or coins, or gold/silver tender traded and sold according to precious-metal value.
Local Tax Notes: No local Massachusetts sales tax add-ons.
Threshold / Product Limits: $1,000-or-more sale threshold. Bullion does not include fabricated precious metal processed/manufactured for industrial, professional, or artistic uses. Platinum and palladium are not listed in the exemption.
Effective / Sunset Dates: Existing exemption in Mass. Gen. Laws ch. 64H, section 6(ll); no sunset found.
Official Sources: State statute or bill text; mass.gov

Michigan

Tax Status: Exempt for investment coins and qualifying bullion.
Local Tax Notes: Michigan has no local sales tax add-ons.
Threshold / Product Limits: Bullion means gold, silver, or platinum in bulk state, value based on content rather than form, purity at least 900 parts per 1,000. Investment coins include numismatic coins or other money/legal tender manufactured of gold, silver, platinum, palladium, or other metal and issued by the U.S. or a foreign government, with fair market value greater than face value. Palladium bullion bars/ingots are not included in the bullion definition unless separately qualifying as investment coins.
Effective / Sunset Dates: Longstanding exemption under MCL 205.54s; no sunset found.
Official Sources: State statute or bill text; State statute or bill text; michigan.gov

Minnesota

Tax Status: Partial exemption for precious metal bullion only, not general coins/currency under current statute reviewed.
Local Tax Notes: Minnesota has local sales taxes, but exempt products are outside the taxable base. Taxable nonqualifying products may still be subject to state and applicable local taxes.
Threshold / Product Limits: Exempt bullion means bars or rounds that consist of 99.9% or more by weight of gold, silver, platinum, or palladium and are marked with weight, purity, and content. Exemption does not apply to jewelry, works of art, or scrap metal.
Effective / Sunset Dates: Current bullion exemption effective in statute; no sunset found.
Official Sources: revisor.mn.gov; revisor.mn.gov; revisor.mn.gov

Mississippi

Tax Status: Exempt for sales of coins, currency, and bullion.
Local Tax Notes: Mississippi DOR says exemptions under sections 27-65-101 through 27-65-111 are proper deductions when supported by records.
Threshold / Product Limits: SB 2862 amended Miss. Code section 27-65-111 to exempt sales of coins, currency, and bullion. Coin/currency definition includes metal or paper forms used as medium of exchange/security/commodity and sold based on intrinsic or collectible value.
Effective / Sunset Dates: Effective July 1, 2023. No sunset identified in this update.
Official Sources: billstatus.ls.state.ms.us; State tax authority

Missouri

Tax Status: Exempt for purchases of bullion and investment coins.
Local Tax Notes: The exemption applies to all local sales taxes as defined in Missouri law as well as state sales/use tax.
Threshold / Product Limits: Bullion includes gold, silver, platinum, or palladium in bulk state, value based on content rather than form, purity at least 900 parts per 1,000. Investment coins include numismatic coins or other money/legal tender manufactured of gold, silver, platinum, palladium, or other metals with fair market value greater than face value.
Effective / Sunset Dates: Section 144.815 enacted by 2000 SB 896 and amended by 2001 HB 825; no sunset found.
Official Sources: revisor.mo.gov

Montana

Tax Status: No general state sales tax.
Local Tax Notes: Some resort communities may impose local resort taxes, but Montana DOR confirms there is no general-use sales tax.
Threshold / Product Limits: Not applicable because Montana has no general sales tax.
Effective / Sunset Dates: No sales tax; no exemption sunset applicable.
Official Sources: State tax authority

Nebraska

Tax Status: Exempt for currency or bullion.
Local Tax Notes: Nebraska has local sales/use taxes, but section 77-2704.66 says sales/use taxes shall not be imposed on qualifying currency or bullion. Nonqualifying items may be subject to state and local rates.
Threshold / Product Limits: No threshold. Bullion means coins, bars, ingots, notes, leaf, foil, film, or commemorative medallions of gold, silver, platinum, or palladium, or a combination of these, for which value depends primarily on content and not form. Currency includes coins or currency made of gold, silver, other metal, or paper and used as legal tender.
Effective / Sunset Dates: LB 1317 changes to the currency and bullion exemption operative January 1, 2025. No sunset identified in this update.
Official Sources: State statute or bill text; State tax authority; State tax authority

Nevada

Tax Status: Taxable for most investment/collectible precious metal transactions, with a narrow regulatory exception when coins or bullion are used as a medium of exchange.
Local Tax Notes: Nevada state and local sales/use rates apply to taxable sales.
Threshold / Product Limits: NAC 372.170 treats coins/bullion sold at a premium for purposes other than use as a medium of exchange as taxable; if sold/used as medium of exchange, tax does not apply. This makes ordinary bullion-dealer coin transactions generally taxable in practice, especially face-value coins sold far above face.
Effective / Sunset Dates: Existing regulation predates 2025.
Official Sources: State statute or bill text; State statute or bill text; goldbroker.com

New Hampshire

Tax Status: No general state sales tax.
Local Tax Notes: No local sales tax identified.
Threshold / Product Limits: Not applicable.
Effective / Sunset Dates: No sales tax; no exemption sunset applicable.
Official Sources: State tax authority

New Jersey

Tax Status: Exempt for investment metal bullion and investment coins beginning January 1, 2025.
Local Tax Notes: New Jersey has no general local sales tax add-on; state sales tax is 6.625% for taxable items.
Threshold / Product Limits: Investment metal bullion is any elementary precious metal that has been smelted/refined, including but not limited to gold, silver, platinum, and palladium, where value depends on contents and not form. The $1,000 fair market value threshold applies to an individual "investment coin"; it does not appear to apply to investment metal bullion. Investment coin excludes jewelry, works of art made of coins, and commemorative medallions.
Effective / Sunset Dates: Effective January 1, 2025. No sunset identified in this update.
Official Sources: New Jersey Division of Taxation; New Jersey Division of Taxation; New Jersey Division of Taxation

New Mexico

Tax Status: Taxable under New Mexico Gross Receipts Tax framework; no current enacted GRT deduction for retail precious metals found as of June 18, 2026.
Local Tax Notes: New Mexico uses GRT rather than a conventional sales tax. GRT rates vary by locality and are imposed on the seller but often passed through economically.
Threshold / Product Limits: No enacted bullion/coin threshold or purity exemption found.
Effective / Sunset Dates: No current exemption/deduction effective.
Official Sources: State statute or bill text; State statute or bill text; State statute or bill text; State statute or bill text; goldbroker.com

New York

Tax Status: Exempt for qualifying precious metal bullion and coins sold for investment.
Local Tax Notes: Official memo describes exemption from state and local sales/use taxes for qualifying transactions.
Threshold / Product Limits: New York's official memo requires precious metal bullion sold for investment to exceed $1,000 and meet premium/valuation rules. Key premium tests include silver not exceeding 140% of daily closing cash bullion value; certain small gold coin examples use 120%; other precious metals examples use 115%. Accessories/processed items and products outside investment-bullion rules remain taxable.
Effective / Sunset Dates: Effective September 1, 1989. No sunset identified in this update.
Official Sources: State tax authority; State tax authority

North Carolina

Tax Status: Exempt for sales of non-coin currency, investment metal bullion, and investment coins.
Local Tax Notes: Exemption applies to retail sales/use tax base; taxable nonqualifying products may be subject to applicable state and local rates.
Threshold / Product Limits: Investment coins are numismatic coins or other metal money/legal tender under U.S. or foreign law with fair market value greater than statutory/nominal value. Investment metal bullion is elementary precious metal smelted/refined so value depends on content and not form; fabricated precious metal for industrial, professional, or artistic uses is excluded. Non-coin currency means nonmetal money/legal tender with fair market value greater than statutory/nominal value.
Effective / Sunset Dates: Enacted by 2017 legislation, retroactively effective July 1, 2017. No sunset identified in this update.
Official Sources: State statute or bill text; State statute or bill text

North Dakota

Tax Status: Exempt for money, including domestic or foreign legal tender coins/currency and qualifying precious metal bullion.
Local Tax Notes: North Dakota local sales/use taxes can apply to taxable products; exempt "money" and qualifying bullion are outside sales tax.
Threshold / Product Limits: Precious metal bullion must be refined to purity of at least 999 parts per 1,000. Legal tender coins/currency are exempt as "money." Copper products, nonqualifying bullion, accessories, and processed items remain taxable.
Effective / Sunset Dates: Current Office of State Tax Commissioner guideline updated/retrieved in 2026; no sunset found.
Official Sources: State tax authority; State statute or bill text; learn.apmex.com

Ohio

Tax Status: Exempt for sales of investment metal bullion and investment coins.
Local Tax Notes: Nonqualifying accessories, processed items, copper, jewelry, and non-investment items remain taxable.
Threshold / Product Limits: No purchase-dollar threshold found in Ohio Rev. Code section 5739.02(B)(54). "Investment metal bullion" is bullion described in IRC section 408(m)(3)(B), which generally means refined gold, silver, platinum, or palladium meeting contract-market fineness standards. "Investment coin" means any coin composed primarily of gold, silver, platinum, or palladium.
Effective / Sunset Dates: Exemption is currently codified; no sunset identified in this update.
Official Sources: State statute or bill text

Oklahoma

Tax Status: Exempt for gold, silver, platinum, palladium, and other bullion items, plus legal tender of any nation when sold according to precious-metal value or as an investment.
Local Tax Notes: Oklahoma state and local sales taxes apply to taxable nonqualified items; qualifying precious-metal transactions are exempt under Oklahoma sales/use tax rules.
Threshold / Product Limits: No minimum purchase threshold or numeric purity threshold found. Eligible transactions include gold, silver, platinum, or palladium in coins, bars, ingots, blanks, rounds, and medallions, plus bullion once used as currency when sold based on precious-metal value or as an investment. Exclusions include fabricated metals for artistic use or jewelry, jewelry/accessories, paper currency, bonds, certificates, and stocks.
Effective / Sunset Dates: Oklahoma Tax Commission rule OAC 710:65-13-95 lists amendments effective 2015; no sunset identified in this update.
Official Sources: oklahoma.gov

Oregon

Tax Status: No general state sales or use/transaction tax.
Local Tax Notes: No general local sales tax system found for retail precious-metals purchases; Oregon DOR notes a vehicle use tax, not relevant to bullion.
Threshold / Product Limits: None for precious metals because Oregon does not impose a general sales or use/transaction tax. This is not a product-specific precious-metals exemption.
Effective / Sunset Dates: No sales-tax effective/sunset date applicable.
Official Sources: oregon.gov

Pennsylvania

Tax Status: Exempt for investment metal bullion and investment coins.
Local Tax Notes: Pennsylvania has a 6% state sales tax, with local add-ons in Allegheny County and Philadelphia for taxable items.
Threshold / Product Limits: No minimum purchase threshold found. "Investment metal bullion" means elementary precious metal, including gold, silver, platinum, and palladium, that has been smelted/refined and whose value depends on content rather than form. "Investment coins" are numismatic coins or other money/legal tender made of gold, silver, platinum, palladium, or other metal from the United States or a foreign nation with fair market value above nominal value. Jewelry, works of art, non-investment accessories, and nonqualifying products remain taxable.
Effective / Sunset Dates: Exemption is codified in the Tax Reform Code of 1971, section 204; no sunset identified in this update.
Official Sources: State statute or bill text

Rhode Island

Tax Status: Exempt for precious metal bullion and coins with numismatic or investment value.
Local Tax Notes: Rhode Island has a statewide sales tax and no local sales tax add-on identified for retail delivery.
Threshold / Product Limits: Rhode Island General Laws section 44-18-30(24) exempts precious metal bullion substantially equivalent to a securities or commodities transaction. Section 44-18-30(43) separately exempts coins having numismatic or investment value. No purchase-dollar threshold found. Processed jewelry, accessories, copper/nonqualifying items, and paper currency can remain taxable depending on facts.
Effective / Sunset Dates: Exemptions are codified; no sunset identified in this update.
Official Sources: State statute or bill text

South Carolina

Tax Status: Partial exemption for gold, silver, and platinum bullion; coins that are or have been legal tender; and currency.
Local Tax Notes: South Carolina state and local sales/use taxes can apply to taxable nonqualified items. Qualifying section 12-36-2120 exemptions should be treated as exempt from the sales/use tax base.
Threshold / Product Limits: S.C. Code section 12-36-2120(70) exempts gold, silver, or platinum bullion, or any combination of those bullion metals, plus legal-tender coins and currency. Palladium bullion is not named and should be treated as taxable unless it independently qualifies as a legal-tender coin/currency item.
Effective / Sunset Dates: No specific effective or sunset date was identified in this update.
Official Sources: State tax authority; scstatehouse.gov

South Dakota

Tax Status: Exempt for sales of coins, currency, or bullion.
Local Tax Notes: South Dakota does have state sales tax and municipal/local sales taxes on taxable items. Prior guidance's "No state sales tax" statement is wrong. Qualifying exempt coins/currency/bullion should be exempt from the applicable sales-tax base; taxable nonqualified products can still face state and local tax.
Threshold / Product Limits: SDCL section 10-45-110 exempts coins, currency, and bullion. "Bullion" includes bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or combinations of those metals where value depends on content and not form. Coins/currency means legal tender made of gold, silver, other metal, or paper. No minimum purchase threshold found. Jewelry, tokens, and fabricated/processed items valued for form remain taxable.
Effective / Sunset Dates: Exemption is codified; no sunset identified in this update. State sales tax rate is temporarily 4.2% under separate law through June 30, 2027, but that rate only matters for taxable items.
Official Sources: State statute or bill text; State tax authority

Tennessee

Tax Status: Exempt for qualifying coins, currency, and bullion.
Local Tax Notes: Tennessee local sales taxes apply to taxable nonqualified products; qualifying coins/currency/bullion are exempt from Tennessee sales/use tax.
Threshold / Product Limits: Effective May 27, 2022, Tennessee exempts sales of all coins, currency, and bullion that are manufactured in whole or part from gold, silver, platinum, palladium, and other material; used solely as legal tender, security, or commodity in Tennessee, another state, the United States, or a foreign nation; and sold primarily on intrinsic precious-material or collectible value rather than representative value as a medium of exchange. No minimum purchase threshold found.
Effective / Sunset Dates: Effective May 27, 2022, under Public Chapter 1092 (2022). no sunset identified in this update.
Official Sources: State tax authority

Texas

Tax Status: Exempt for gold, silver, or numismatic coins and for platinum, gold, or silver bullion.
Local Tax Notes: Texas state and local sales taxes apply to taxable nonqualified items; qualifying section 151.336 products are exempt from Texas sales/use tax.
Threshold / Product Limits: The prior $1,000 threshold was removed effective October 1, 2013. The exemption does not include jewelry or adornment items. Important limitation: palladium bullion is not listed in the Texas sales-tax exemption, and platinum/palladium bullion coins may be taxable unless they qualify as numismatic coins.
Effective / Sunset Dates: Current no-threshold version effective October 1, 2013.
Official Sources: State statute or bill text; State statute or bill text; Texas Bullion Depository

Utah

Tax Status: Partial exemption for legal tender coins/currency and qualifying non-legal-tender bullion-type items.
Local Tax Notes: Utah local sales taxes apply to taxable nonqualified items; qualifying exempt products are outside the sales/use tax base.
Threshold / Product Limits: Utah Code section 59-12-104 exempts currency or coins that constitute legal tender of a state, the United States, or a foreign nation. It also exempts an ingot, bar, medallion, or decorative coin that is not legal tender, contains at least 50% gold, silver, or platinum, and is not used as jewelry or works of art. Palladium is not included in the non-legal-tender bullion exemption, though a palladium legal-tender coin may qualify under the legal-tender provision.
Effective / Sunset Dates: Article's 2012 Specie Legal Tender Act note is background, but the current exemption is product-based in section 59-12-104. No sunset identified in this update.
Official Sources: le.utah.gov

Vermont

Tax Status: Fully taxable for precious metals as of June 18, 2026; no enacted precious-metals exemption found.
Local Tax Notes: Article says "Local Sales Tax: No," but Vermont can have local option sales tax in participating municipalities, commonly adding 1% to the 6% state rate for taxable items. Precious metals should be treated as taxable where Vermont sales/use tax applies.
Threshold / Product Limits: No current exemption, so no threshold/purity limits.
Effective / Sunset Dates: No precious-metals exemption effective date.
Official Sources: State statute or bill text; State statute or bill text; goldbroker.com

Virginia

Tax Status: Temporarily exempt for qualifying gold, silver, or platinum bullion and legal tender coins through July 1, 2026.
Local Tax Notes: Virginia state and local sales/use taxes apply to taxable nonqualified items. Qualifying products are exempt while the temporary exemption remains in force.
Threshold / Product Limits: Current Code of Virginia section 58.1-609.1(19) defines exempt gold/silver/platinum bullion as refined gold, silver, platinum, or combinations of those metals whose value depends on mass and purity rather than form, numismatic value, or other value. Other substances may be present only if they have minimal value compared with the gold/silver/platinum. Legal tender coins are coins of any metal content issued by a government as a medium of exchange or payment of debts. Jewelry and works of art are excluded. Palladium bullion is not named unless the item qualifies as legal tender coin.
Effective / Sunset Dates: Budget item 3-5.25 extends the exemption through July 1, 2026. As of June 18, 2026, the exemption is still current but expires very soon unless extended again. The standalone code page still references June 30, 2025, but the 2025/2026 budget language overrides it through July 1, 2026.
Official Sources: State statute or bill text; Virginia budget item

Washington

Tax Status: Fully taxable for precious metal bullion and monetized bullion as tangible personal property as of January 1, 2026.
Local Tax Notes: State and local retail sales tax applies to retail sales of precious metal bullion and monetized bullion. Gross income from those sales is also subject to B&O tax.
Threshold / Product Limits: No exemption for precious metal bullion or monetized bullion after January 1, 2026. Washington DOR defines precious metal bullion as processed, smelted, or refined precious metal valued on content, not form, and lists gold, silver, platinum, rhodium, and palladium. Monetized bullion is a coin or other metal money used as an exchange medium under government law. Paper currency sold as legal tender remains exempt; paper currency sold for another purpose is taxable.
Effective / Sunset Dates: Repeal/taxability effective January 1, 2026, under ESSB 5794, Chapter 423, Laws of 2025. No sunset found; there may be 2026 repeal/restore proposals, but none reviewed as enacted.
Official Sources: State tax authority

West Virginia

Tax Status: Exempt for investment metal bullion and investment coins.
Local Tax Notes: West Virginia state and municipal sales taxes can apply to taxable nonqualified items; qualifying investment metal bullion/investment coins are exempt from consumers sales and service/use taxes.
Threshold / Product Limits: West Virginia Code section 11-15-9r exempts investment metal bullion and investment coins. Investment metal bullion means elementary precious metal that has been smelted/refined, including gold, silver, platinum, and palladium, whose value depends on content and not form. It excludes precious metal assembled/fabricated/manufactured/processed for industrial, professional, aesthetic, or artistic uses. Investment coins mean numismatic coins or other money/legal tender made of gold, silver, platinum, palladium, or other metal of the United States or a foreign nation with fair market value greater than nominal value. Jewelry, works of art made of coins, and commemorative medallions are excluded.
Effective / Sunset Dates: Code history points to 2019 SB 502; no sunset identified in this update.
Official Sources: State statute or bill text

Wisconsin

Tax Status: Exempt for qualifying precious metal bullion.
Local Tax Notes: Wisconsin state, county, stadium/local, Milwaukee city/county, and other local sales taxes can apply to taxable nonqualified items depending on destination. Qualifying precious metal bullion is exempt.
Threshold / Product Limits: Wis. Stat. section 77.54(71) exempts precious metal bullion. "Precious metal bullion" means coins, bars, rounds, or sheets containing at least 35% gold, silver, copper, platinum, or palladium and either marked with weight, purity, and content or minted by a government authority on the basis of weight, purity, and content. Exemption does not apply to jewelry, works of art, scrap metal, or electronics. Accessories and processed/nonqualifying items remain taxable.
Effective / Sunset Dates: 2023 Wisconsin Act 149 created the exemption; practical effective date is March 23, 2024. Secondary industry reporting says Wisconsin no longer requires an exemption certificate to claim the bullion exemption effective March 29, 2026.
Official Sources: State statute or bill text; State statute or bill text; learn.apmex.com

Wyoming

Tax Status: Exempt for specie and specie legal tender; Wyoming does have state sales tax on taxable goods generally.
Local Tax Notes: Wyoming has a 4% state sales tax plus possible local option taxes on taxable goods. The prior guidance's "No state sales tax" statement is wrong. Qualifying gold/silver specie or specie legal tender is not taxable; nonqualified metals, accessories, processed items, and non-gold/silver bullion may be taxable.
Threshold / Product Limits: Wyoming Legal Tender Act defines "specie" as coins having gold or silver content, or refined gold or silver bullion coined, stamped, or imprinted with weight and purity and valued primarily based on metal content rather than form. Specie legal tender includes specie coin issued by the United States or a foreign government. W.S. 9-4-1304 provides that purchase, sale, or exchange of any type or form of specie or specie legal tender does not give rise to tax liability. Platinum/palladium bullion is not clearly covered by the official "specie" definition reviewed unless another exemption applies.
Effective / Sunset Dates: Wyoming Legal Tender Act effective July 1, 2018.
Official Sources: State statute or bill text; State statute or bill text; learn.apmex.com; sovos.com

Tax Optimization Strategies

Threshold Management

Many states impose minimum purchase thresholds for sales tax exemptions. Investors can optimize their purchases by ensuring transactions meet or exceed these thresholds. For example, California requires a $2,000 minimum for precious metals exemptions, while Connecticut requires $1,000 for gold and silver transactions.

When planning purchases, consider consolidating smaller orders into larger transactions that meet exemption thresholds. This strategy can result in significant tax savings, particularly in states with higher sales tax rates.

Geographic Considerations

Sales tax is determined by the shipping destination, not the seller’s location. Investors with flexibility in shipping addresses may benefit from understanding the tax implications of different delivery locations. States without sales tax (Alaska, Delaware, Montana, New Hampshire, Oregon, and Wyoming) offer complete exemption opportunities.

However, it is crucial to ensure that any shipping arrangements comply with applicable laws and that the recipient has legitimate reasons for receiving packages at the chosen address.

Product Selection

Different types of precious metals products may be subject to different tax treatments within the same state. Investment-grade bullion typically receives more favorable treatment than numismatic coins or processed items. Understanding these distinctions can help investors select products that minimize tax obligations.

For example, New York’s premium ratio system favors products with lower premiums over spot price, while Ohio’s purity requirements favor high-grade bullion over lower-purity alternatives.

Timing Considerations

Recent legislative changes in states like Maryland and Washington demonstrate the importance of timing in precious metals purchases. Investors may benefit from monitoring legislative developments and timing purchases to take advantage of favorable tax windows.

The precious metals industry has seen significant legislative activity in recent years, with many states moving toward more favorable tax treatment. However, some states have moved in the opposite direction, making timing an important consideration.

Professional Consultation

Given the complexity of sales tax laws and their frequent changes, investors making substantial precious metals purchases should consider consulting with tax professionals who specialize in precious metals transactions. Professional guidance can help ensure compliance while maximizing available tax benefits.

Recent Legislative Changes

Major 2025-2026 Changes to Monitor

Florida – Bullion Exemption Expanded (Effective August 1, 2025)
Florida now exempts sales of gold, silver, and platinum bullion from sales and use tax regardless of sales price. The old $500 item-value threshold should no longer be used for those bullion items.

Washington – Bullion and Monetized Bullion Now Taxable (Effective January 1, 2026)
Washington now taxes retail sales of precious metal bullion and monetized bullion. The page now uses present-tense taxability language for Washington.

Virginia – Temporary Exemption Nearing Expiration (Through July 1, 2026)
Virginia’s exemption for qualifying gold, silver, or platinum bullion and legal tender coins remains in effect through July 1, 2026 unless extended again.

Connecticut – Scheduled Expansion (Effective July 1, 2027)
Connecticut’s 2027 change is scheduled to remove the $1,000 threshold, add palladium bullion and platinum, and limit gold/silver bullion to at least 90% purity.

Maryland – Shipped Orders Mostly Taxable (Effective July 1, 2025)
Maryland’s remaining precious-metals carveout is limited to sales over $1,000 occurring at the Baltimore Convention Center. Ordinary shipped orders should be treated as taxable unless another rule applies.

New Jersey – Investment Bullion and Coin Exemption (Effective January 1, 2025)
New Jersey exempts qualifying investment metal bullion and investment coins. The $1,000 fair-market-value requirement applies to individual investment coins, not investment metal bullion.

Kentucky – Currency and Bullion Exemption Confirmed (Effective August 1, 2024)
Kentucky exempts qualifying currency and bullion, with 2025 legislation clarifying refund and action procedures for tax collected after the exemption date.

Monitoring Legislative Changes

Sales tax laws continue to change quickly. GR Reserve should continue reviewing this page at least monthly and after any state legislative session that affects bullion, coins, legal tender, gross receipts tax, or local sales/use tax treatment.

Customers should verify current tax obligations before making purchases, especially in states with recent changes, sunset provisions, proposed bills, or local-tax caveats.

Frequently Asked Questions

General Sales Tax Questions

How is sales tax calculated on precious metals purchases?
Sales tax is calculated based on the taxable portion of your order and the tax rate applicable to your shipping destination. The tax rate includes state sales tax plus any applicable local taxes. Only products that are subject to tax in your state will be included in the taxable amount.

Can I avoid sales tax by shipping to a different state?
Sales tax is determined by the shipping destination, not the seller’s location. While shipping to a state without sales tax or with favorable exemptions may reduce tax obligations, you must have a legitimate reason for shipping to that address and comply with all applicable laws.

Do I need to pay use tax if I purchase from a state without sales tax?
Use tax obligations vary by state and individual circumstances. Some states require residents to pay use tax on purchases made from out-of-state sellers when sales tax was not collected. Consult with a tax professional regarding your specific use tax obligations.

How often do sales tax laws change?
Sales tax laws can change frequently, with states regularly updating their policies regarding precious metals. GR Reserve monitors these changes and updates our information regularly, but customers should verify current requirements before making purchases.

Product-Specific Questions

What is the difference between bullion and numismatic coins for tax purposes?
Bullion derives its value primarily from precious metal content, while numismatic coins have additional value from rarity, condition, or historical significance. Many states provide exemptions for bullion while taxing numismatic coins. The classification can affect tax treatment significantly.

Are all government-issued coins considered legal tender for tax purposes?
Not necessarily. While many government-issued precious metals coins qualify as legal tender, some states have specific requirements about which coins qualify for exemptions. The coin must typically be recognized as legal tender by the issuing government and meet other state-specific criteria.

How are premium ratios calculated in states like New York?
Premium ratios are calculated by comparing the selling price to the spot price of the underlying metal. For example, if silver spot price is $25 and a coin sells for $30, the premium is 20% ($5/$25). New York allows premiums up to 140% for silver to qualify for exemption.

Threshold and Exemption Questions

How are thresholds calculated for states with minimum purchase requirements?
Threshold calculations vary by state. Some states calculate based on the total transaction value, others on the subtotal of qualifying products, and some on individual item values. The specific calculation method is detailed in each state’s section above.

Can I combine multiple small orders to meet threshold requirements?
Generally, no. Threshold requirements typically apply to individual transactions, not cumulative purchases over time. Each order is evaluated separately for threshold compliance.

What happens if part of my order is exempt and part is taxable?
Tax is calculated only on the taxable portion of your order. Exempt products are excluded from the tax calculation, and you pay tax only on items that are subject to tax in your state.

Recent Changes Questions

How do the recent changes in Maryland affect my purchases?
Effective July 1, 2025, all precious metals shipped to Maryland addresses are subject to 6% state sales tax. The previous $1,000 exemption threshold has been eliminated. The only exception is for purchases made at the Baltimore Convention Center.

When will Washington State start taxing precious metals?
Washington has enacted legislation repealing precious metals exemptions effective January 1, 2026. Starting on that date, all precious metals purchases will be subject to state and local sales tax.

Does New Jersey’s new exemption apply to all precious metals?
New Jersey’s exemption applies to gold, silver, platinum, and palladium bullion and coins with individual fair market value of $1,000 or more. Items below this threshold remain taxable, as do accessories and processed items.

Additional Questions

What is the difference between bullion, numismatic coins, and accessories?
Bullion refers to precious metals in a bulk, un-fabricated form, such as bars, rounds, or ingots, where the value is primarily based on the metal content, not the form. Numismatic coins are coins whose value is determined by their rarity, condition, and historical significance, in addition to their metal content. Accessories include items used to store, protect, or display precious metals, such as capsules, tubes, and storage boxes. Tax laws often treat these categories differently.

If a state has a sales tax exemption, does that apply to local sales taxes?
Not always. In some states, a state-level sales tax exemption for precious metals does not prevent local jurisdictions (cities, counties) from imposing their own sales taxes. Our guide indicates whether local sales taxes may apply in each state.

Why do some states exempt precious metals from sales tax?
Many states exempt precious metals from sales tax to encourage investment and recognize their role as a store of value and a form of currency. Some states have conducted economic studies showing that exempting precious metals from sales tax can increase overall economic activity and tax revenue by attracting investment and creating a more competitive business environment for precious metals dealers.

How does the South Dakota v. Wayfair Supreme Court decision affect sales tax on precious metals?
The Wayfair decision allows states to require online retailers to collect and remit sales tax even if they do not have a physical presence in the state. This means that for states that tax precious metals, online retailers like GR Reserve are required to collect sales tax based on the shipping destination.

Can I avoid sales tax by having my precious metals shipped to a depository?
Shipping to a depository in a state with a sales tax exemption can be a viable strategy for tax planning. However, you must ensure that the depository arrangement is structured correctly to comply with all applicable laws. Consult with a tax professional to understand the implications of using a depository for your specific situation.

The Economic Reasoning Behind Precious Metals Sales Tax Exemptions

The growing trend of states exempting precious metals from sales tax is rooted in sound economic principles. Many states have recognized that taxing precious metals, which are often held as a store of value and a form of currency, can be counterproductive. Here are some of the key economic arguments that have led to these exemptions:

Promoting Investment and Economic Activity

Sales tax exemptions for precious metals can attract significant investment to a state. When investors can purchase bullion and coins without the added cost of sales tax, they are more likely to do so within that state, rather than seeking out-of-state dealers or alternative investment vehicles. This influx of capital can stimulate local economies and create a more favorable business environment.

Leveling the Playing Field

Many states have enacted exemptions to remain competitive with neighboring states that already have such laws in place. When one state taxes precious metals and another does not, dealers in the taxing state are at a significant disadvantage. They often lose business to out-of-state competitors, which can lead to a decline in local economic activity and tax revenue.

Recognizing Precious Metals as a Monetary Asset

A growing number of states are recognizing that precious metals are not just commodities, but also a form of money. Taxing the exchange of one form of currency for another (e.g., U.S. dollars for gold coins) is seen by many as an illogical and unfair practice. By exempting precious metals from sales tax, states are acknowledging their unique role as a monetary asset and a hedge against inflation.

General Disclaimer

The information provided in this guide is for general informational purposes only and does not constitute legal, tax, or financial advice. Sales tax laws are complex, subject to frequent change, and their application can vary based on numerous factors, including but not limited to:

  • Product Type: (e.g., bullion vs. numismatic coins vs. accessories)
  • Purity Levels: (e.g., 90% vs. 99.9%)
  • Transaction Thresholds: (e.g., purchases over $1,000)
  • Local vs. State Tax: (state-level exemptions may not apply to local taxes)
  • Sunset Provisions: (exemptions that are scheduled to expire)

GR Reserve strives to provide accurate and up-to-date information. However, we cannot guarantee the completeness or accuracy of this guide. It should not be used as the sole basis for tax compliance decisions.

Professional Consultation Recommended

Customers making substantial precious metals purchases or those with complex tax situations should consult with qualified tax professionals who specialize in precious metals transactions. Professional guidance can help ensure compliance with applicable laws while maximizing available tax benefits.

Tax professionals can provide personalized advice based on individual circumstances, including considerations for use tax obligations, business purchases, and investment strategies that may affect tax treatment.

Information Currency and Updates

Sales tax laws and regulations change frequently, and new legislation can affect tax obligations with little advance notice. While GR Reserve monitors legislative developments and updates this information regularly, there may be delays between when changes take effect and when our information is updated.

Customers are encouraged to verify current tax obligations with appropriate state and local tax authorities before making purchases, particularly for large transactions or in states that have recently implemented changes.

State-Specific Disclaimers

Maryland: The information regarding Maryland’s sales tax repeal is based on House Bill 352 as signed into law on May 20, 2025. Customers should verify current implementation status with the Maryland Comptroller’s office, as administrative procedures may affect the timing and application of the new tax requirements.

Washington: Washington’s precious metals tax changes take effect January 1, 2026, based on ESSB 5794. Customers should monitor official state communications for any implementation details or procedures.

Virginia: The extension of Virginia’s precious metals exemption is based on Item 3-5.25 of the 2025 Appropriation Act. Customers should verify current status with the Virginia Department of Taxation, as additional legislative action may affect the exemption’s duration.

Limitation of Liability

GR Reserve shall not be liable for any errors or omissions in the information provided, nor for any losses or damages arising from reliance on this information. Customers are responsible for understanding and complying with all applicable tax laws and regulations.

The company reserves the right to collect sales tax as required by law, regardless of any information provided on this page. Tax collection practices may change based on new legal requirements, regulatory guidance, or changes in business operations.

Product Classification Disclaimers

The classification of precious metals products for tax purposes can be complex and may depend on factors including purity, government recognition, intended use, and premium over spot price. Product classifications provided are based on general industry standards and state regulations but may not apply in all circumstances.

Customers should be aware that product classifications can affect tax treatment and should verify the tax status of specific products with appropriate authorities when in doubt.

Account Numbers and Registration Information

Account numbers and tax registration information provided are current as of the date indicated but may change due to administrative updates or regulatory requirements. Customers requiring verification of current registration status should contact the appropriate state tax authorities directly.

Updates and Modifications

This information is subject to change without notice. GR Reserve reserves the right to modify, update, or correct any information provided based on new legal requirements, regulatory guidance, or changes in business operations.

Customers are encouraged to review this information regularly and to verify current requirements before making purchases.

Contact Information

Customer Service

For questions about sales tax obligations, product classifications, or order-specific tax calculations, please contact our customer service team:

Phone: +1 (508) 226-2000
Email: [email protected]
Hours: M-F, 8 a.m.–5 p.m. ET

Our customer service representatives can provide information about tax obligations for specific orders and help clarify product classifications for tax purposes.

State Tax Authorities

For definitive information about tax obligations in specific states, customers may contact the appropriate state tax authorities directly. The following states are featured due to recent legislative changes, complex tax requirements, or significant customer interest:

Alabama Department of Revenue

Website: https://www.revenue.alabama.gov/
Phone: 334-242-1170

Featured for recent sound money legislation and account verification requirements

California Department of Tax and Fee Administration

Website: https://www.cdtfa.ca.gov/
Phone: 1-800-400-7115

Featured for complex threshold calculations and large market presence

Maryland Comptroller of Maryland

Website: https://www.marylandtaxes.gov/
Phone: 410-260-7980 or 1-800-638-2937

Featured for major 2025 exemption repeal requiring immediate customer attention

New Jersey Division of Taxation

Website: https://www.nj.gov/treasury/taxation/
Phone: 609-292-6400

Featured for positive 2025 exemption creation benefiting precious metals investors

New York State Department of Taxation and Finance

Website: https://www.tax.ny.gov/
Phone: 518-457-5181

Featured for sophisticated premium ratio system requiring specialized guidance

Virginia Department of Taxation

Website: https://www.tax.virginia.gov/
Phone: 804-367-8031 (Individuals) / 804-367-8037 (Businesses)

Featured for recent exemption extension and ongoing legislative developments

Washington State Department of Revenue

Website: https://dor.wa.gov/
Phone: 360-705-6705 (Tax Assistance) / 1-800-647-7706 (General)

Featured for upcoming exemption repeal requiring customer preparation

Contact information for additional states is available upon request.

Professional Resources

For customers seeking professional tax advice, we recommend consulting with:

  • Certified Public Accountants (CPAs) specializing in precious metals
  • Tax attorneys with experience in sales and use tax matters
  • Financial advisors familiar with precious metals investments

Professional consultation is particularly recommended for:

  • Large or frequent precious metals purchases
  • Business-related precious metals transactions
  • Complex multi-state tax situations
  • Investment strategies involving precious metals

Feedback and Suggestions

We welcome feedback about this information and suggestions for improvements:

Email: [email protected]

Your input helps us maintain accurate and useful information for all customers.

This document was last updated on June 18, 2026. Information is subject to change based on new legislation, regulatory guidance, and administrative updates. Customers should verify current requirements before making purchases.

Document Version: 2026.06.18
Next Scheduled Review: July 18, 2026