New Jersey Precious Metals Tax Information
New Jersey exempts certain precious metals and coins from sales tax under the state's investment metals provisions.
Taxable Products in New Jersey
- Purchases of investment metal bullion or coins (monetized bullion) that do not meet the $1,000 minimum value requirement
- Industrial or artistic precious metals. Including metals processed for industrial, professional, aesthetic, or artistic purposes
- Jewelry and art made from coins. Including coins incorporated into wearable or decorative items
- Commemorative medallions. Even when composed of precious metals
- Copper products and accessories like coin holders or cleaners
Exemptions:
- Investment metal bullion: Precious metals (gold, silver, platinum, palladium) in a refined state where their value depends on content, provided the total purchase exceeds $1,000. The $1,000 threshold applies to the total purchase of bullion products, not each individual item.
- Investment coins: Numismatic coins made of precious or non-precious metals with a fair market value of at least $1,000
Tax Rates:
Purchases that do not meet New Jersey's investment metals exemption requirements may be subject to New Jersey sales tax.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NEW JERSEY. 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 NEW JERSEY 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 NEW JERSEY, WE SUGGEST YOU VISIT THE NEW JERSEY TAX AUTHORITY LOCATED AT https://www.nj.gov/treasury/taxation/.
