Florida Precious Metals Tax Information
As of August 1, 2025, Florida's sales tax exemption for precious metals was expanded to apply regardless of transaction amount. All qualifying gold, silver, and platinum bullion coins, rounds, and bars are now fully exempt from sales tax in the state.
While Florida law fully exempts qualifying gold, silver, and platinum bullion as of August 1, 2025, palladium bullion is not included in this exemption. Palladium purchases remain subject to Florida sales tax unless they qualify under another statutory exemption, such as inclusion in a U.S. legal-tender coin issue.
Taxable Products in Florida
- Non-legal-tender numismatic or collectible coins. Including ancient coins, unless they qualify for a specific statutory exemption such as U.S. legal-tender status
- Palladium bullion. Unless it qualifies under another statutory exemption, such as inclusion in a U.S. legal-tender coin issue
Exemptions:
- Coins and currency. U.S. legal tender, regardless of face value
- Gold, silver, and platinum bullion. Of qualifying purity, with no minimum purchase threshold
Tax Rates:
Qualifying gold, silver, and platinum bullion is exempt from Florida sales tax. Taxable products remain subject to applicable Florida sales tax rules.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF FLORIDA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF FLORIDA THAT RELATE TO THE READER'S TRANSACTIONS WITH ITM TRADING. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF FLORIDA, WE SUGGEST YOU VISIT THE FLORIDA TAX AUTHORITY LOCATED AT https://floridarevenue.com/pages/default.aspx.
