Precious Metal Sales Tax

It is our hope that the interactive US map below will help answer questions about state precious metal sales tax laws as they apply to the products we offer. These laws are the result of the Supreme Court decision (South Dakota vs Wayfair) which requires out of state business to collect state sales tax from you and forward the money to the appropriate state agency. To better understand these rules move your mouse to the interactive map and hover over your state – if we are shipping to your home address. Or the state of your choice if you ask us to ship to a different state. The destination zip code will determine possible state and local taxes. Hovering over our interactive map will give you general information. Now double click on the state for more specific details.

The good news is that our minimum order size ($2000) allows you to take advantage of widely held precious metal sales tax exemptions on gold and silver bullion which is our specialty. Still a few states charge sales tax on all purchases. Some exclude platinum, palladium, rhodium, and numismatics. A few states include one or more of these products in their exemptions. Most states charge sales tax on jewelry, certain copper products, colorized coins and supplies, all of which we do not offer. Other states allow tax free bullion purchases and limit yearly dealer volume. You could enjoy a tax free purchase in January and find that exemption does not apply later in the year. Some states have no exemtption rule. It is easy to see that these rules are not uniform. Because of this we include official links to franchise tax boards which allow you to keep up with this still evolving process.

Our goal is not to offer precious metal sales tax advice which is unique to your situation and is best left to professionals. We believe however out tax map will help with your most important question. “Will I be charged state sales tax on my purchase?” Our staff will guide you through these rules answering that question. And help you choose quality bullion products which meet your goals and save you money. Precious metal sales tax laws apply only when you are buying not when you are selling. Sales tax reform, will eventually help simplify these rules.