- Sales tax on precious metals varies by state in the US, with different regulations, exemptions, and thresholds.
- Recent legislative activity has led to changes in tax policies, with some states recognizing gold and silver as monetary assets.
- GR Reserve provides updated information on sales tax obligations as of June 30, 2025.
- Sales tax application depends on product type, transaction value, metal purity, and state regulations.
- Tax is based on the shipping destination, not the seller’s location.
- Definitions of precious metals products include bullion, legal tender coins, numismatic coins, investment metal bullion, accessory items, and processed items.
- The guide includes a quick navigation by state for specific tax information.
Source: grreserve.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
