State Sales Tax Information

Sales Tax Laws by State

Sales Tax Laws by State

When purchasing gold and silver, you must thoroughly check your local and state laws. At American Gold, we provide our customers with the most current tax laws. This simplified information offers an overview of your state's tax laws, but it is crucial to consult a tax professional or your state’s website for the most up-to-date information.

Here’s a list of states that require online sales tax, along with the specific bullion and/or numismatic products subject to the tax.

STATES INFORMATION

Alabama

Alabama sales tax applies to specific products only; all other products are exempt. Alabama collects flat-rate Simplified Sellers Use Tax of 8% on:

All copper products.
All numismatic coins with a value exceeding the precious metal content resulting from rarity, condition, age, etc.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Alaska

As of this writing, Alaska does not collect sales tax. For more updated
information, please check the Alaska State Department of Revenue website.

Arkansas

Arkansas does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below:

All copper products.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Arizona

Arizona does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below:

All copper products.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

California

California sales tax is collected on specific products listed below:

Non-monetized bullion consisting of copper, platinum, or palladium
Single sales of “monetized bullion”, non-monetized gold or silver bullion, or numismatic coins less than $2,000 USD.*
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.).
All other products are exempt from sales tax in California.

*Beginning on or after January 1, 2023, single transactions resulting in sales of monetized bullion, non-monetized gold or silver bullion, and numismatic coins equaling to/exceeding $2,000 or more will be considered "sales in bulk". Sales price (as specified in Revenue and Taxation Code Section 6011) will be taken into account to calculate the market value of the transaction. Starting January 1, 2023, sales in bulk will be tax-exempt, as defined by Revenue and Taxation Code Section 6355.

Colorado

Colorado sales tax only applies to specified products listed below:

All copper products.
Numismatic and bullion coins that are not, and have never been, used as currency or any other kind of economic exchange in the world.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Colorado.

Connecticut

Connecticut sales tax only applies to specific products listed below:

All copper, platinum, and palladium products.
Precious metal numismatic coins that are not and have never been used as legal tender based under any government in the world.
Any single sales transaction consisting of gold and silver when the total sale value is less than $1,000 USD.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Connecticut.

Delaware

As of this writing, Delaware does not collect sales tax. For more up-to-date information, please check the Delaware State Department of Revenue website.

District of Columbia

Washington DC sales tax applies to all items American Gold sells and ships to the state. The sales tax rate is calculated upon checkout.

Florida

As of July 1, 2021, Florida sales taxes are based on the transaction total, not on a per-item basis. However, there are exemptions. Sales tax exemptions for Florida include:

Coins and currency that are US legal tender.
Coins and any other currency with a face value of more than $500.
Gold, silver, and platinum bullion whose price exceeds $500 is not taxable.

Georgia

Georgia sales taxes apply to specific products listed below:

All copper or palladium products.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Georgia.

Hawaii

Hawaii applies general excise taxes on all items sold and shipped to the
state. The sales tax rate is calculated upon checkout.

Idaho

Idaho sales taxes apply to specific products listed below:

All copper products.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Idaho.

Illinois

Illinois sales tax applies only to specific products listed below:

All copper or palladium products.
Any bullion product manufactured with a purity of less than .980.
Any coins issued by a US state aside from Illinois.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Illinois.

Indiana

Indiana sales tax is applied only to specified products. Indiana law provides a sales tax exemption for IRA and IDA eligible coins, and US legal coins and currency. Coins exempt from Indiana Sales tax include American Eagle Coins and American Eagle Proof Coins, as well as the following:

Gold coins, bars, or rounds with a purity of .9995 (99.5%) or higher
Silver coins, bars, or rounds with a purity of .999 fine (99.9%) or higher
Platinum coins, bars, or rounds with a purity of .9995 (99.95%) or higher
Palladium coins, bars, or rounds with a purity of .9995 (99.95%) or higher

Note:
Transactions involving the sale of the following coins do not qualify for tax exemptions in Indiana and remain subject to tax, as they fall under the “collectible” category and are not permitted investments by an IRA or by an IDA:

Austrian Corona
Belgian 20 Franc
Chilean 100 Peso
Dutch 10 Guilder
French 20 Franc
Hungarian 100 Korona
Italian 20 Lira
Mexican 20 Peso
South African Krugerrand
Swiss 20 Franc
Other Collectible or Rare Coins

Other items taxable under Indiana state law include:

Accessories - Such as holders, tubes, coin flips, and similar apparel.

Processed items - Such as products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Iowa

Iowa sales tax applies to specific products listed below:

All copper bullion products.
Any coins that are not, and have never been, used as currency or any other kind of economic exchange in the world.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Iowa.

Kansas

Kansas sales tax applies only to specific products listed below:

All copper products.
All coins that are not made of gold or silver.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Kansas.

Kentucky

Kentucky applies excise taxes on all items American Gold sells and ships to the state. The sales tax rate is calculated upon checkout.

Louisiana

Louisiana sales tax applies only to specific products listed below:

All copper or palladium products, except numismatic coins.
Any individual sale of numismatic coins if the total sale value is greater than $1,000 USD.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Louisiana.

Maine

Maine sales tax applies to all items American Gold sells and ships to the state. The sales tax rate is calculated upon checkout.

Maryland

Maryland sales tax applies only to specific items listed below:

All copper products.
Any single sales transaction consisting of gold, silver, platinum, or palladium when the total sale value is less than $1,000 USD.
All numismatic coins.
Coins or any kind of currency made from a precious metal that is not or has never been used as a medium of exchange in the world.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Maryland.

Massachusetts

Massachusetts sales tax applies only to specific products listed below:

All copper, platinum, and palladium products.
Any single sales transaction less than $1,000 USD consisting of numismatic coins, gold and silver bullion products, or gold or silver legal tender of any country.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Massachusetts.

Michigan

Michigan sales tax only applies to specific products listed below:

All copper or palladium products.
Any gold, silver, or platinum products with a purity of less than .900.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Michigan.

Minnesota

Minnesota collects sales tax on all transactions, unless the items satisfy the exemption below:

Any gold, silver, platinum, or palladium bars or rounds that are at least 99.9% (by weight) purity, and are marked with weight, purity, and content
This exemption does not apply to the following:
Sales of coins, jewelry, works of art, and scrap metal.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Mississippi

Mississippi sales taxes apply to specific products listed below:

All copper products.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Mississippi.

Missouri

At this time, Missouri does not require remote sellers to collect sales tax. This information is subject to change, so check on the official Missouri Department of Revenue website for up-to-date information.

Montana

As of this writing, Montana does not collect sales tax as a whole. For more updated information, please check the Montana State Department of Revenue website.

Nebraska

Nebraska sales tax is applied only to specific products listed below:

All copper bullion products.
Coins that are currently not and have never been used as legal tender.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All other products are exempt from sales tax in Nebraska.

Nevada

Nevada sales tax is applied only to specific products listed below:

All copper products.

Coins and bullion are not used as a medium of exchange.

Accessories, such as holders, tubes, coin flips, and similar apparel.

Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Nevada.

New Hampshire

As of this writing, New Hampshire does not collect sales tax as a whole. For more updated information, please check the New Hampshire State Department of Revenue website.

New Jersey

New Jersey sales tax applies to all items American Gold sells and ships to the state of New Jersey. The sales tax rate is calculated upon checkout.

New Mexico

New Mexico sales tax applies to all items American Gold sells and ships to the state of New Mexico. The sales tax rate is calculated upon checkout.

New York

New York sales tax is applied only to specified products.Single sales transactions are taxed, which is calculated based on individual invoices, not on a line-item basis. Anything not listed here is not taxable by New York. Sales tax for New York applies to:

All copper products.

All bullion products if the total value of the sale is less than $1,000 USD.

All bullion products if the total value of the sale is greater than $1,000 USD and the bullion products were also further enhanced, processed, assembled or otherwise altered by the buyer.

All bullion products if the total value of the sale is greater than $1,000 USD and the price of the products is valued for more than its metal content.

Accessories, such as holders, tubes, coin flips, and similar apparel.

Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

Please note: sales tax does not apply to your purchase if the total amount exceeds $1,000 USD and the following premiums are not surpassed:

140% for silver coins

120% for gold coins that weigh 1/4 troy oz or less

115% to all other coins

If you are purchasing bars and/or ingots, the total sales amount must not exceed 115% of the cash price of such metals.

North Carolina

North Carolina sales tax is applied only to specific products listed below:

All copper products.

Any products that have not gone through a smelting or refining process.

All coins whose value does not exceed its statutory or nominal value.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in North Carolina.

North Dakota

North Dakota sales tax is applied only to specific products listed below:

All copper products.

All precious metal bullion that has not been refined to at least a .999 purity.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in North Dakota.

Ohio

Ohio
sales tax is applied only to specified products. Under House Bill 110, any items not listed here are tax exempt by the state of Ohio as of October 1st, 2021. Sales tax for Ohio applies to:

All copper products

All supplies

Gold and silver bezels

Oklahoma

Oklahoma sales tax is applied only to specific products listed below:

All copper products.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in Oklahoma.

Oregon

As of this writing, Oregon does not collect sales tax as a whole. For more updated information, please check the Oregon State Department of Revenue website.

Pennsylvania

Pennsylvania sales tax is applied only to specific products listed below:

All copper products.

Coins that are currently not and have never been used as legal tender in the US or any country.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in Pennsylvania.

Rhode Island

Rhode Island sales tax is applied only to specific products listed below:

All copper products.

Any bullion products that have not gone through a smelting or refining process.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in Rhode Island.

South Carolina

South Carolina sales tax is applied only to specific products listed below:

All copper or palladium products.

Coins that are currently not and have never been used as legal tender in the US or any country.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in South Carolina.

South Dakota

South Dakota sales tax is applied only to specific products listed below:

All copper products.

All numismatic coins with a value exceeding the precious metal content resulting from rarity, condition, age, etc.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in South Dakota.

Tennessee

Tennessee does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below:

All copper products.

Accessories, such as holders, tubes, coin flips, and similar apparel.

Texas

Texas sales tax is applied only to specific products listed below:

All copper or palladium bullion products.

All copper, platinum, and palladium coin products.

Accessories, such as holders, tubes, coin flips, and similar apparel.

All other products are exempt from sales tax in Texas.

Utah

Utah sales tax is applied only to specific products listed below:

All copper or palladium bullion products.
All bullion products made of gold, silver, or platinum if the content is below 50%.
All numismatic coins except those that are used as legal tender.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Utah.

Vermont

Vermont sales tax applies to all items American Gold sells and ships to the state of Vermont. The sales tax rate is calculated upon checkout.

Virginia

Virginia sales tax is applied only to specific products listed below:

All copper or palladium bullion products.
All gold, silver, or platinum bullion if the metals are not refined in any way.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Virginia.

Washington

Washington State sales tax is applied only to specific products listed below:

All copper products.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Washington.

West Virginia

West Virginia sales tax is applied only to specified products. Anything not listed here is not taxable by West Virginia. Sales tax for West Virginia applies to:

All copper products except for numismatic coins, or is a form of money or legal tender with a fair market value higher than its face value.
Any products that have not gone through a smelting or refining process.
Any product that has been smelted or refined in some way, but is sold in a state where its value is derived from its form rather than its content.
All coins are not numismatic coins and are not used as money or legal tender.
All coins are used as money/legal tender but their fair market value does not exceed their face value.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than their original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)
All sales of investment metal bullion or coins, that are either gold silver,
platinum, or palladium, are exempt from sales tax in West Virginia.

Wisconsin

American Gold no longer collects sales tax on bullion products in Wisconsin if they consist of at least 35% gold, silver, copper, platinum, or palladium. Taxable Items Include:

Accessories such as holders, tubes, coin flips, and similar items.
Processed items, meaning products that have been enhanced by third-party processing to increase their value beyond the original precious metals content, like colorized coins and coins plated with black ruthenium or gold.

Wyoming

Wyoming sales tax is applied only to specific products listed below:

All copper products.
All uncoined bullion of any precious metal content.
Accessories, such as holders, tubes, coin flips, and similar apparel.
Processed items, which means products that were processed by third parties and have more value than its original precious metals content (e.g. colorized coins, black ruthenium/gold plated coins, etc.)

All other products are exempt from sales tax in Wyoming.