Sales Tax on Gold & Silver
A state-by-state overview of sales tax exemptions on physical precious metals purchases.
Last Updated: January 15, 2026
Overview
The majority of U.S. states now exempt investment-grade gold and silver from state sales tax. However, rules vary by state, transaction amount, and metal type. Below is a representative snapshot — please verify with your tax advisor for your specific situation.
State-by-State Summary
| State | Status | Notes |
|---|---|---|
| Florida | Exempt | No sales tax on investment metals over $500. |
| Texas | Exempt | No sales tax on gold, silver, or platinum bullion. |
| California | Exempt | Exempt on transactions over $2,000. |
| New York | Exempt | Exempt on transactions over $1,000. |
| Ohio | Exempt | No sales tax on investment metals. |
| Pennsylvania | Exempt | No sales tax on bullion or coins. |
| Arizona | Exempt | Effective July 2017, no sales tax on precious metals. |
| Georgia | Exempt | Exempt on transactions over $1,000. |
| Vermont | Taxable | 6% sales tax applies. |
| New Mexico | Taxable | GRT applies to precious metals sales. |
Note: This table is for informational purposes only. Tax laws change frequently. Please consult a qualified tax professional for advice specific to your state and transaction.
Disclaimer
Intervault Trading does not provide tax advice. The information above is compiled from publicly available state tax codes and is provided as a convenience. We recommend consulting with your tax advisor or CPA before making purchasing decisions based on tax considerations.