Sales Tax Information

Sales Tax on Coins & Precious Metals

Sales tax laws for coins, currency, and precious metals vary from state to state — and in many cases, these purchases may be fully or partially exempt from sales tax depending on where you live.

A number of states currently offer exemptions on items such as:

• Gold, silver, platinum, and palladium bullion

• U.S. Mint legal tender coins (including American Silver Eagles)

• Currency and certain numismatic coins

• Precious metal purchases that exceed specific order value thresholds

Because each state sets its own rules, whether or not sales tax applies to your order may depend on:

• Your shipping address

• The specific products being purchased

• Your total order value

• Applicable state and local laws in effect at the time of purchase

How Sales Tax Is Calculated

Any applicable sales tax will be calculated automatically at checkout once your shipping address is entered.

If your state provides an exemption for the items in your order, that exemption will be applied automatically — no action is required on your part.

Why Sales Tax May Apply to Some Orders

While many states offer exemptions on coins and precious metals, others may:

• Tax bullion or numismatic items differently

• Apply tax below certain dollar thresholds

• Tax collectible coins while exempting investment-grade bullion

We are legally required to collect sales tax in jurisdictions where state or local law mandates it and are unable to waive tax where it applies.

Changes to State Laws

Sales tax laws on coins and precious metals are subject to legislative change and may be updated without notice. As a result, the taxability of certain items may change over time depending on your state’s current regulations.

Currency and Coin does not control these laws but will always apply the most up-to-date tax rules available through our checkout system.

Questions About Your State?

If you have specific questions regarding how your state taxes coins or precious metals, we recommend consulting your state’s Department of Revenue or a qualified tax professional.

If you have any questions about this confusing topic please feel free to call us at (800)323-5055.