All States Sales Tax Information



Before purchasing gold and silver without taxes, it's important to review your local and state regulations. At Bullion Exchanges, we strive to simplify this process for our customers by providing an updated summary of tax laws. We encourage you to utilize this resource to understand your state's tax requirements. Remember, consulting a tax professional and referring to state websites for the latest information is advisable. Online sales tax varies by state. When ordering online and shipping to another state, the destination state's tax regulations apply. At Bullion Exchanges, sales tax is calculated during checkout based on the product's taxability and the recipient's address tax rates. Tax-free purchases of gold and silver are available for customers in Alaska, Delaware, New Hampshire, Montana, and Oregon, where online sales tax is not imposed as of 2020. Below is a list of states that enforce online sales tax and specify which bullion and/or numismatic products are affected by this tax.

Bullion and Collectible State Sales Tax


If you're interested in understanding how state sales tax could impact your ITM Trading order, simply select the state from the list on the left. Ensure to review the tax rates for the state where your order will be delivered, rather than your residence. Please be aware that while we aren't presently collecting sales tax in all states, this may evolve in the future with the expansion of sales tax laws.

When making purchases through ITM Trading, it's important to note that state sales tax regulations are applicable to orders dispatched within specific states. Within these states, some impose sales tax solely on jewelry or non-precious metal items, while others mandate tax collection irrespective of the items in your order. As each state enforces varying sales tax rates based on the items purchased, ITM Trading recommends utilizing our interactive map prior to your purchase to ascertain the exact charges applicable to your transaction.

 

Alabama


Alabama sales tax applies to specific products only, all other products are exempt. Alabama collects flat-rate Simplified Sellers Use Tax of 8% on:

  • All copper products.
  • All numismatic coins with a value exceeding the precious metal content resulting from rarity, condition, age, etc.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

Alaska


As of this writing, Alaska does not collect sales tax. For more updated information, please check the Alaska State Department of Revenue website.

 

Arizona


Arizona does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below: 

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

Arkansas


Arkansas does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below:

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

California


California sales tax is collected on specific products listed below:

  • Non-monetized bullion consisting of copper, platinum, or palladium
  • Single sales of “monetized bullion”, non-monetized gold or silver bullion, or numismatic coins less than $2,000 USD.*
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in California.


*Beginning on or after January 1, 2023, single transactions resulting in sales of monetized bullion, non-monetized gold or silver bullion, and numismatic coins equaling to/exceeding $2,000 or more will be considered "sales in bulk". Sales price (as specified in Revenue and Taxation Code Section 6011) will be taken into account to calculate the market value of the transaction. Starting January 1, 2023, sales in bulk will be tax-exempt, as defined by Revenue and Taxation Code Section 6355.
 

Colorado


Colorado sales tax only applies to specified products listed below:

  • All copper products.
  • Numismatic and bullion coins that are not, and have never been, used as currency or any other kind of economic exchange in the world.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Colorado.

 

Connecticut


Connecticut sales tax only applies to specified products listed below:

  • All copper, platinum, and palladium products.
  • Precious metal numismatic coins that are not and have never been used as legal tender based under any government in the world.
  • Any single sales transaction consisting of gold and silver when the total sale value is less than $1,000 USD.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Connecticut.

 

Delaware


As of this writing, Delaware does not collect sales tax. For more updated information, please check the Delaware State Department of Revenue website.

 

District of Columbia


Washington DC sales tax applies to all items Bullion Exchanges sells and ships to the state. The sales tax rate is calculated upon checkout.

 

Florida


As of July 1, 2021, Florida sales taxes are based on the transaction total, not on a per-item basis. However, there are exemptions. Sales tax exemptions for Florida include:

  • Coins and currency that are US legal tender.
  • Coins and any other currency with a face value of more than $500.
  • Gold, silver, and platinum bullion whose price exceeds $500 is not taxable.
 

Georgia


Georgia sales taxes apply to specific products listed below:

  • All copper or palladium products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Georgia.

 

Hawaii


Hawaii applies general excise taxes on all items sold and shipped to the state. The sales tax rate is calculated upon checkout. However, Bullion Exchanges does not currently ship to Hawaii.

 

Idaho


Idaho sales taxes apply to specific products listed below:

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Idaho.

 

Illinois


Illinois sales taxes apply to specific products listed below:

  • All copper or palladium products.
  • Any bullion product manufactured with a purity of less than .980.
  • Any coins issued by a US state aside from Illinois.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Illinois.

 

Indiana


Indiana sales tax is applied only to specified products. Indiana law provides a sales tax exemption for IRA and IDA eligible coins. Coins exempt from Indiana Sales tax include American Eagle Coins and American Eagle Proof Coins, as well as the following:

  • Gold coins, bars, or rounds with a purity of .9995 (99.5%) or higher
  • Silver coins, bars, or rounds with a purity of .999 fine (99.9%) or higher
  • Platinum coins, bars, or rounds with a purity of .9995 (99.95%) or higher
  • Palladium coins, bars, or rounds with a purity of .9995 (99.95%) or higher
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Note: Transactions involving the sale of the following coins do not qualify for tax exemptions in Indiana and remain subject to tax, as they fall under the “collectible” category and are not permitted investments by an IRA or by an IDA:


  • Austrian Corona
  • Belgian 20 Franc
  • British Britannia
  • Chilean 100 Peso
  • Dutch 10 Guilder
  • French 20 Franc
  • Hungarian 100 Korona
  • Italian 20 Lira
  • Mexican 20 Peso
  • South African Krugerrand
  • Swiss 20 Franc
  • U.S. Buffalo Proof
  • U.S. Liberty Gold Coin
  • Other Collectible or Rare Coins

Other items taxable under Indiana state law include:

  • Accessories - Such as holders, tubes, coin flips, and similar apparel.
  • Processed items - Such as products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

Iowa


Iowa sales taxes apply to specific products listed below:

  • All copper bullion products.
  • Any coins that are not, and have never been, used as currency or any other kind of economic exchange in the world.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Iowa.

 

Kansas


Kansas sales taxes apply to specific products listed below:

  • All copper products.
  • All coins that are not made of gold or silver.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Bullion Exchanges is registered and responsible for collecting tax through eBay.

All other products are exempt from sales tax in Kansas .

 

Kentucky


Kentucky applies excise taxes on all items Bullion Exchanges sells and ships to the state. The sales tax rate is calculated upon checkout.

 

Louisiana


Louisiana sales taxes apply to specific products listed below:

  • All copper or palladium products.
  • Any individual sale of numismatic coins if the total sale value is greater than $1,000 USD.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Louisiana.

 

Maine


Maine sales tax applies to all items Bullion Exchanges sells and ships to the state. The sales tax rate is calculated upon checkout.

 

Maryland


Maryland sales taxes apply to specific products listed below:

  • All copper products.
  • Any single sales transaction consisting of gold, silver, platinum, or palladium when the total sale value is less than $1,000 USD.
  • All numismatic coins.
  • Coins or any kind of currency made from a precious metal that is not or has never been used as a medium of exchange in the world.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Maryland.

 

Massachusetts


Massachusetts sales taxes apply to specific products listed below:

  • All copper, platinum, and palladium products.
  • Any single sales transaction less than $1,000 USD consisting of numismatic coins, gold and silver bullion products, or gold or silver legal tender of any country.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Massachusetts.

 

Michigan


Michigan sales taxes apply to specific products listed below:

  • All copper or palladium products.
  • Any gold, silver, or platinum products with a purity of less than .900.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Michigan.

 

Minnesota


Minnesota sales taxes apply to specific products listed below:

  • Any gold, silver, platinum, or palladium bars or rounds that are at least 99.9% (by weight) purity, and are marked with weight, purity, and content

This exemption does not apply to the following:

  • Sales of coins, jewelry, works of art, and scrap metal.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

Mississippi


Mississippi sales taxes apply to specific products listed below:

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Mississippi.

 

Missouri


At this time, Missouri does not require remote sellers to collect sales tax. This information is subject to change, so check on the official Missouri Department of Revenue website for up-to-date information.

 

Montana


As of this writing, Montana does not collect sales tax as a whole. For more updated information, please check the Montana State Department of Revenue website.

 

Nebraska


Nebraska sales taxes apply to specific products listed below:

  • All copper bullion products.
  • Coins that are currently not and have never been used as legal tender.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Nebraska.

 

Nevada


Nevada sales taxes apply to specific products listed below:

  • All copper products.
  • Coins and bullion are not used as a medium of exchange.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Nevada.

 

New Hampshire


As of this writing, New Hampshire does not collect sales tax as a whole. For more updated information, please check the New Hampshire State Department of Revenue website.

 

New Jersey


New Jersey sales tax applies to all items Bullion Exchanges sells and ships to the state of New Jersey. The sales tax rate is calculated upon checkout.

 

New Mexico


New Mexico sales tax applies to all items Bullion Exchanges sells and ships to the state of New Mexico. The sales tax rate is calculated upon checkout.

 

New York


New York sales tax is applied only to specified products.Single sales transactions are taxed, which is calculated based on individual invoices, not on a line-item basis. Anything not listed here is not taxable by New York. Sales tax for New York applies to:

  • All copper products.
  • All bullion products if the total value of the sale is less than $1,000 USD.
  • All bullion products if the total value of the sale is greater than $1,000 USD and the bullion products were also further enhanced, processed, assembled or otherwise altered by the buyer.
  • All bullion products if the total value of the sale is greater than $1,000 USD and the price of the products is valued for more than its metal content.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Please note: sales tax does not apply to your purchase if the total amount exceeds $1,000 USD and the following premiums are not surpassed:

  • 140% for silver coins
  • 120% for gold coins that weigh 1/4 troy oz or less
  • 115% to all other coins

If you are purchasing bars and/or ingots, the total sales amount must not exceed 115% of the cash price of such metals.

 

North Carolina


North Carolina sales taxes apply to specific products listed below:

  • All copper products.
  • Any products that have not gone through a smelting or refining process.
  • All coins whose value does not exceed its statutory or nominal value.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in North Carolina.

 

North Dakota


North Dakota sales taxes apply to specific products listed below:

  • All copper products.
  • All precious metal bullion that has not been refined to at least a .999 purity.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in North Dakota.

 

Ohio


Ohio sales tax is applied only to specified products. Under House Bill 110, any items not listed here are tax exempt by the state of Ohio as of October 1st, 2021. Sales tax for Ohio applies to:

  • All copper products.
  • All supplies
  • Gold and silver bezels
 

Oklahoma


Oklahoma sales taxes apply to specific products listed below:

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Oklahoma.

 

Oregon


As of this writing, Oregon does not collect sales tax as a whole. For more updated information, please check the Oregon State Department of Revenue website.

 

Pennsylvania


Pennsylvania sales taxes apply to specific products listed below:

  • All copper products.
  • Coins that are currently not and have never been used as legal tender in the US or any country.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Pennsylvania.

 

Rhode Island


Rhode Island sales taxes apply to specific products listed below:

  • All copper products.
  • Any bullion products that have not gone through a smelting or refining process.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Rhode Island.

 

South Carolina


South Carolina sales taxes apply to specific products listed below:

  • All copper or palladium products.
  • Coins that are currently not and have never been used as legal tender in the US or any country.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in South Carolina.

 

South Dakota


South Dakota sales taxes apply to specific products listed below:

  • All copper products.
  • All numismatic coins with a value exceeding the precious metal content resulting from rarity, condition, age, etc.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in South Dakota.

 

Tennessee


Tennessee sales taxes apply to specific products listed below:

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

Texas


Texas sales taxes apply to specific products listed below:

  • All copper or palladium bullion products.
  • All copper, platinum, and palladium coin products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Texas.

 

Utah


Utah sales taxes apply to specific products listed below:

  • All copper or palladium bullion products.
  • All bullion products made of gold, silver, or platinum if the content is below 50%.
  • All numismatic coins except those that are used as legal tender.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Utah.

 

Vermont


Vermont sales tax applies to all items Bullion Exchanges sells and ships to the state of Vermont. The sales tax rate is calculated upon checkout.

 

Virginia


Virginia sales taxes apply to specific products listed below:

  • All copper or palladium bullion products.
  • All gold, silver, or platinum bullion if the metals are not refined in any way.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Virginia.

 

Washington


Washington State sales taxes apply to specific products listed below:

  • All copper products.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Washington.

 

West Virginia


West Virginia sales tax is applied only to specified products. Anything not listed here is not taxable by West Virginia. Sales tax for West Virginia applies to:

  • All copper products except for numismatic coins, or is a form of money or legal tender with a fair market value higher than its face value.
  • Any products that have not gone through a smelting or refining process.
  • Any product that has been smelted or refined in some way, but is sold in a state where its value is derived from its form rather than its content.
  • All coins are not numismatic coins and are not used as money or legal tender.
  • All coins are used as money/legal tender but their fair market value does not exceed their face value.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All sales of investment metal bullion or coins, that are either gold silver, platinum, or palladium, are exempt from sales tax in West Virginia.

 

Wisconsin


Bullion Exchanges no longer collects sales tax on bullion products in Wisconsin if they consist of at least 35% gold, silver, copper, platinum, or palladium. Taxable Items Include:

  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
 

Wyoming


Wyoming sales tax is applied only to specific products listed below:

  • All copper products.
  • All uncoined bullion of any precious metal content.
  • Accessories, such as holders, tubes, coin flips, and similar apparel.
  • Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Wyoming.