Virginia remains a tax-friendly state for precious metals investors. Qualifying purchases of gold, silver, and platinum bullion, as well as legal tender coins, remain exempt from Virginia retail sales and use tax. The exemption has no minimum purchase threshold, following the removal of the earlier $1,000 floor in 2022. Although the exemption was scheduled to expire on June 30, 2026, Virginia's 2026 Special Session budget bill, HB30, extended the exemption through July 1, 2028, meaning qualifying bullion and legal tender coin transactions should remain exempt through June 30, 2028.

Taxable Products in Virginia

• Jewelry.
• Works of art.
• Products that do not qualify as gold, silver, or platinum bullion or legal tender coins under Virginia's exemption

Exemptions:

• Qualifying purchases of gold, silver, and platinum bullion.
• Legal tender coins.
• Qualifying bullion and legal tender coin transactions with no minimum purchase threshold