Gold and Silver Sales Tax by State: The 2025 Complete Guide
9 min read • April 10, 2025 • GoldBuller Research
Whether you pay sales tax on gold and silver depends on where you live. This guide covers the current sales tax treatment of precious metals in all 50 states, with specific statute references.
The Big Picture: Most States Exempt Precious Metals
As of 2025, the majority of US states either have no sales tax at all or specifically exempt precious metals bullion from sales tax. Only a handful impose sales tax on gold and silver purchases — and the trend has been toward expanded exemptions.
States With No Sales Tax (All Purchases Tax-Free)
Five states have no statewide sales tax, making all purchases — including gold and silver — tax-free: Alaska, Montana, New Hampshire, Oregon, and Delaware.
States With Full Precious Metals Exemption
| State | Statute | Key Condition |
|---|---|---|
| Alabama | Code §40-23-4(a)(59) | Coins and bullion, any amount |
| Arizona | A.R.S. §42-5061(A)(20) | Full exemption; no income tax on PM gains |
| Arkansas | Ark. Code §26-52-401(22) | Coins, bars, rounds of PM |
| Colorado | CRS §39-26-703(1)(c) | Bullion coins and bars |
| Florida | Fla. Stat. §212.05 | Coins and currency (broad exemption) |
| Georgia | O.C.G.A. §48-8-3(77) | Investment coins ≥ 110% metal value |
| Idaho | Idaho Code §63-3622S | Precious metals and coins |
| Illinois | 35 ILCS 105/3-5(19) | Bullion and coins any amount |
| Iowa | Iowa Code §422B.3(2)(d) | Coins and bullion |
| Michigan | MCL §205.54(aa) | Gold, silver, platinum, palladium |
| New York | NY Tax Law §1115(a)(27) | Bullion (not jewelry) |
| Ohio | ORC §5739.02(B)(30) | Gold, silver, platinum, palladium |
| Pennsylvania | 72 P.S. §7204(32) | Investment metal bullion |
| Texas | Tax Code §151.336 | Full exemption; ships from Dallas |
| Virginia | Va. Code §58.1-609.1(6) | Coins and bullion |
| Wisconsin | Wis. Stat. §77.54(7m) | Investment metal and coins |
| Wyoming | W.S. §39-15-105(a)(viii) | No sales tax + no income tax |
States With Partial or Conditional Exemptions
California: Exempt for purchases over $1,500 per transaction (Revenue & Taxation Code §6355). Orders under $1,500 are subject to California's base 7.25% rate plus local additions.
States Where Sales Tax May Apply
Hawaii: Hawaii's General Excise Tax (GET) of 4% applies to most transactions including precious metals. Hawaii buyers should factor this into total cost calculations.
Important Disclaimer
Tax laws change. The above is based on 2025 statutory analysis and may not reflect recent legislative changes. Always verify current law with your state's Department of Revenue before making large purchases. GoldBuller only charges sales tax where we are legally required to do so.
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