US Tax Summary (States A-M) | MintedMarket USA US Tax Summary (States A-M)

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U.S. Tax Summary

States A-M

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

District of Columbia

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Alabama Taxes

Gold
  • Bullion bars or ingots refined to 90% or greater; sold according to precious metal content: Exempt
  • Coins refined to 90% or greater; sold according to precious metal conent: Exempt
Silver
  • Bullion bars or ingots refined to 90% or greater; sold according to precious metal content: Exempt
  • Coins refined to 90% or greater; sold according to precious metal conent: Exempt
Platinum
  • Bullion bars or ingots refined to 90% or greater; sold according to precious metal content: Exempt
  • Coins refined to 90% or greater; sold according to precious metal conent: Exempt
Palladium
  • Bullion bars or ingots refined to 90% or greater; sold according to precious metal content: Exempt
  • Coins refined to 90% or greater; sold according to precious metal conent: Exempt

Alaska Taxes

Gold
  • No state sales tax
  • Some local jurisdictions within the state do collect sales tax.
Silver
  • No state sales tax
  • Some local jurisdictions within the state do collect sales tax.
Platinum
  • No state sales tax
  • Some local jurisdictions within the state do collect sales tax.
Palladium
  • No state sales tax
  • Some local jurisdictions within the state do collect sales tax.

Arizona Taxes

Gold
  • Bullion or ingots sold according to precious metal content: Exempt
  • Legal tender manufactured from precious metals: Exempt
Silver
  • Bullion or ingots sold according to precious metal content: Exempt
  • Legal tender manufactured from precious metals: Exempt
Platinum
  • Bullion or ingots sold according to precious metal content: Exempt
  • Legal tender manufactured from precious metals: Exempt
Palladium
  • Bullion or ingots sold according to precious metal content: Exempt
  • Legal tender manufactured from precious metals: Exempt

Arkansas Taxes

Gold
  • "Bullion": Coin, bar, or ingot made in whole or in part of precious metals, is or was used as a medium of exchange, and is sold based on the value as a precious metal: Exempt
  • "Coin" or "Currency": Coin or currency that was made in whole or in part of precious metals, is or was used as a medium of exchange, security, or commodity by the US Government or foreign government; and is sold based on value of precious metal or collectibility: Exempt
Silver
  • "Bullion": Coin, bar, or ingot made in whole or in part of precious metals, is or was used as a medium of exchange, and is sold based on the value as a precious metal: Exempt
  • "Coin" or "Currency": Coin or currency that was made in whole or in part of precious metals, is or was used as a medium of exchange, security, or commodity by the US Government or foreign government; and is sold based on value of precious metal or collectibility: Exempt
Platinum
  • "Bullion": Coin, bar, or ingot made in whole or in part of precious metals, is or was used as a medium of exchange, and is sold based on the value as a precious metal: Exempt
  • "Coin" or "Currency": Coin or currency that was made in whole or in part of precious metals, is or was used as a medium of exchange, security, or commodity by the US Government or foreign government; and is sold based on value of precious metal or collectibility: Exempt
Palladium
  • "Bullion": Coin, bar, or ingot made in whole or in part of precious metals, is or was used as a medium of exchange, and is sold based on the value as a precious metal: Exempt
  • "Coin" or "Currency": Coin or currency that was made in whole or in part of precious metals, is or was used as a medium of exchange, security, or commodity by the US Government or foreign government; and is sold based on value of precious metal or collectibility: Exempt

California Taxes

Gold
  • Nonmonetized bullion refined to purity of 90% or greater in a single transaction of over $1500: Exempt
  • Monetized bullion (incl. American Arts Gold Medallions) in a single transaction of over $1500: Exempt
  • Numismatic coins in a single transaction of over $1500: Exempt
Silver
  • Nonmonetized bullion refined to purity of 90% or greater in a single transaction of over $1500: Exempt
  • Monetized bullion (incl. American Arts Gold Medallions) in a single transaction of over $1500: Exempt
  • Numismatic coins in a single transaction of over $1500: Exempt

Colorado Taxes

Gold
  • Refined bullion bars or ingots sold according to precious metal content: Exempt
  • Legal tender bullion coins: Exempt
  • Legal tender numismatic coins: Exempt
Silver
  • Refined bullion bars or ingots sold according to precious metal content: Exempt
  • Legal tender bullion coins: Exempt
  • Legal tender numismatic coins: Exempt
Platinum
  • Refined bullion bars or ingots sold according to precious metal content: Exempt
  • Legal tender bullion coins: Exempt
  • Legal tender numismatic coins: Exempt
Palladium
  • Refined bullion bars or ingots sold according to precious metal content: Exempt
  • Legal tender bullion coins: Exempt
  • Legal tender numismatic coins: Exempt

Connecticut Taxes

Gold
  • Refined bullion bar sold based on precious metal content and not form; single transaction value greater than $1000: Exempt
  • Legal tender bullion coins of any nation, sold based on precious metal content and not form; single transaction value greater than $1000: Exempt
  • Rare or antique coins regardless of sale price: Exempt
Silver
  • Refined bullion bar sold based on precious metal content and not form; single transaction value greater than $1000: Exempt
  • Legal tender bullion coins of any nation, sold based on precious metal content and not form; single transaction value greater than $1000: Exempt
  • Rare or antique coins regardless of sale price: Exempt
Platinum
  • Taxable
Palladium
  • Taxable

Delaware Taxes

Gold
  • No state sales tax
Silver
  • No state sales tax
Platinum
  • No state sales tax
Palladium
  • No state sales tax

Disctrict of Columbia Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

Florida Taxes

Gold
  • US legal tender numismatic coins and currency: Exempt
  • US legal tender bullion coins: Exempt
  • Other current country legal tender numismatic coins and currency sold over face value; transaction over $500: Exempt
  • Other current country legal tender bullion coins; transaction over $500; must have face value: Exempt
  •  Refined bullion bars, or ingots sold based on precious metal content; transaction over $500; coins i.e. Krugerrands are not part of this category: Exempt
Silver
  • US legal tender numismatic coins and currency: Exempt
  • US legal tender bullion coins: Exempt
  • Other current country legal tender numismatic coins and currency sold over face value; transaction over $500: Exempt
  • Other current country legal tender bullion coins; transaction over $500; must have face value: Exempt
  •  Refined bullion bars, or ingots sold based on precious metal content; transaction over $500; coins i.e. Krugerrands are not part of this category: Exempt
Platinum
  • US legal tender numismatic coins and currency: Exempt
  • US legal tender bullion coins: Exempt
  • Other current country legal tender numismatic coins and currency sold over face value; transaction over $500: Exempt
  • Other current country legal tender bullion coins; transaction over $500; must have face value: Exempt
  •  Refined bullion bars, or ingots sold based on precious metal content; transaction over $500; coins i.e. Krugerrands are not part of this category: Exempt
Palladium
  • US legal tender numismatic coins and currency: Exempt
  • US legal tender bullion coins: Exempt
  • Other current country legal tender numismatic coins and currency sold over face value; transaction over $500: Exempt
  • Other current country legal tender bullion coins; transaction over $500; must have face value: Exempt
  •  Refined bullion bars, or ingots sold based on precious metal content; transaction over $500; coins i.e. Krugerrands are not part of this category: Exempt

Georgia Taxes

Gold
  • Refined and sold in bar or ingot form according to weight of precious metal and not form: Exempt
  • US and foreign legal tender bullion coins: Exempt
  • US and foreign legal tender numismatic coins: Exempt
  • Medals or medallions sold according to weight of precious metal and not form: Exempt
Silver
  • Refined and sold in bar or ingot form according to weight of precious metal and not form: Exempt
  • US and foreign legal tender bullion coins: Exempt
  • US and foreign legal tender numismatic coins: Exempt
  • Medals or medallions sold according to weight of precious metal and not form: Exempt
Platinum
  • Refined and sold in bar or ingot form according to weight of precious metal and not form: Exempt
  • US and foreign legal tender bullion coins: Exempt
  • US and foreign legal tender numismatic coins: Exempt
  • Medals or medallions sold according to weight of precious metal and not form: Exempt
Palladium
  • US and foreign legal tender bullion coins: Exempt
  • US and foreign legal tender numismatic coins: Exempt

Hawaii Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

Idaho Taxes

Gold
  • Refined bullion bars sold according to precious metal content: Exempt
  • Monetized bullion coins that are or have been mediums of exchange in US or foreign countries: Exempt
  • South African Krugerrands: Exempt
Silver
  • Refined bullion bars sold according to precious metal content: Exempt
  • Monetized bullion coins that are or have been mediums of exchange in US or foreign countries: Exempt
  • South African Krugerrands: Exempt
Platinum
  • Refined bullion bars sold according to precious metal content: Exempt
  • Monetized bullion coins that are or have been mediums of exchange in US or foreign countries: Exempt
  • South African Krugerrands: Exempt

Illinois Taxes

Gold
  • Bullion refined to not less than 98% fine; sold according to precious metal content: Exempt
  • US or foreign legal tender: Exempt
  • Legal tender gold or silver coinage: Exempt
Silver
  • Bullion refined to not less than 98% fine; sold according to precious metal content: Exempt
  • US or foreign legal tender: Exempt
  • Legal tender gold or silver coinage: Exempt
Platinum
  • Bullion refined to not less than 98% fine; sold according to precious metal content: Exempt
  • US or foreign legal tender: Exempt
  • Legal tender gold or silver coinage: Exempt

Indiana Taxes

Gold
  • IRA Eligible bullion coins: Exempt
  • IRA Eligible bullion bars: Exempt
  • Legal tender: Exempt
Silver
  • IRA Eligible bullion coins: Exempt
  • IRA Eligible bullion bars: Exempt
  • Legal tender: Exempt
Platinum
  • IRA Eligible bullion coins: Exempt
  • IRA Eligible bullion bars: Exempt
  • Legal tender: Exempt
Palladium
  • IRA Eligible bullion coins: Exempt
  • IRA Eligible bullion bars: Exempt
  • Legal tender: Exempt

Iowa Taxes

Gold
  • No state sales tax
Silver
  • No state sales tax
Platinum
  • No state sales tax
Palladium
  • No state sales tax

Kansas Taxes

Gold
  • Refined bullion bars, ingots, or commemorative medallions that are sold according to precious metal content: Exempt
  • Coins: Exempt
Silver
  • Refined bullion bars, ingots, or commemorative medallions that are sold according to precious metal content: Exempt
  • Coins: Exempt
Platinum
  • Refined bullion bars, ingots, or commemorative medallions that are sold according to precious metal content: Exempt
Palladium
  • Refined bullion bars, ingots, or commemorative medallions that are sold according to precious metal content: Exempt

Kentucky Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

Louisiana Taxes

Gold
  • Refined bullion bars, ingots, or coins that are sold according to precious metal content: Exempt
  • Numismatic coins; of value up to $1000: Exempt
Silver
  • Refined bullion bars, ingots, or coins that are sold according to precious metal content: Exempt
  • Numismatic coins; of value up to $1000: Exempt
Platinum
  • Refined bullion bars, ingots, or coins that are sold according to precious metal content: Exempt
  • Numismatic coins; of value up to $1000: Exempt
Palladium
  • Numismatic coins; of value up to $1000: Exempt

Maine Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

Maryland Taxes

Gold
  • Refined bullion bars, or ingots, that are sold according to precious metal content; purchase price over $1000: Exempt
  • Precious metal coins that are, or were, used as a medium of exchange in the US or foreign nation; purchase price over $1000: Exempt
Silver
  • Refined bullion bars, or ingots, that are sold according to precious metal content; purchase price over $1000: Exempt
  • Precious metal coins that are, or were, used as a medium of exchange in the US or foreign nation; purchase price over $1000: Exempt
Platinum
  • Refined bullion bars, or ingots, that are sold according to precious metal content; purchase price over $1000: Exempt
  • Precious metal coins that are, or were, used as a medium of exchange in the US or foreign nation; purchase price over $1000: Exempt
Palladium
  • Refined bullion bars, or ingots, that are sold according to precious metal content; purchase price over $1000: Exempt
  • Precious metal coins that are, or were, used as a medium of exchange in the US or foreign nation; purchase price over $1000: Exempt

Massachusetts Taxes

Gold
  • Numismatic (rare) coins; purchase price over $1000: Exempt
  • Refined bullion bar or ingot sold according to precious metal content; purchase price over $1000: Exempt
  • Gold or silver legal tender of US or foreign nation; purchase price over $1000: Exempt
Silver
  • Numismatic (rare) coins; purchase price over $1000: Exempt
  • Refined bullion bar or ingot sold according to precious metal content; purchase price over $1000: Exempt
  • Gold or silver legal tender of US or foreign nation; purchase price over $1000: Exempt
Platinum
  • Numismatic (rare) coins; purchase price over $1000: Exempt
Palladium
  • Numismatic (rare) coins; purchase price over $1000: Exempt

Michigan Taxes

Gold
  • Refined bullion bars, or ingots, that are sold according to precious metal content; at least 90% purity: Exempt
  • Numismatic coins that trade at a premium to their face value: Exempt
  • Legal tender coins that trade at a premium to their face value: Exempt
Silver
  • Refined bullion bars, or ingots, that are sold according to precious metal content; at least 90% purity: Exempt
  • Numismatic coins that trade at a premium to their face value: Exempt
  • Legal tender coins that trade at a premium to their face value: Exempt
Platinum
  • Refined bullion bars, or ingots, that are sold according to precious metal content; at least 90% purity: Exempt
  • Numismatic coins that trade at a premium to their face value: Exempt
  • Legal tender coins that trade at a premium to their face value: Exempt
Palladium
  • Numismatic coins that trade at a premium to their face value: Exempt
  • Legal tender coins that trade at a premium to their face value: Exempt

Minnesota Taxes

Gold
  • Bars, coins, or ingots of any purity where the value depends on precious metal content not form: Exempt
  • Coins and currency made of any metal that are or have been used as legal tender: Exempt
Silver
  • Bars, coins, or ingots of any purity where the value depends on precious metal content not form: Exempt
  • Coins and currency made of any metal that are or have been used as legal tender: Exempt
Platinum
  • Bars, coins, or ingots of any purity where the value depends on precious metal content not form: Exempt
  • Coins and currency made of any metal that are or have been used as legal tender: Exempt
Palladium
  • Bars, coins, or ingots of any purity where the value depends on precious metal content not form: Exempt
  • Coins and currency made of any metal that are or have been used as legal tender: Exempt

Mississippi Taxes

Gold
  • Bullion items defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
  • Coins and currency defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
Silver
  • Bullion items defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
  • Coins and currency defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
Platinum
  • Bullion items defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
  • Coins and currency defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
Palladium
  • Bullion items defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt
  • Coins and currency defined as manufactured in whole or in part of gold, silver, platinum, or palladium; is or was used as a medium of exchange, security, or commodity by any state, the US government or foreign; and sold based on value of precious metal: Exempt

Missouri Taxes

Gold
  • Refined gold, silver, platinum, or palladium bullion bars or ingots sold according to precious metal content: Exempt
  • Numismatic coins or other forms of money, and legal tender bullion coins made of gold, silver, platinum, or palladium with a fair market value greater than their face value: Exempt
Silver
  • Refined gold, silver, platinum, or palladium bullion bars or ingots sold according to precious metal content: Exempt
  • Numismatic coins or other forms of money, and legal tender bullion coins made of gold, silver, platinum, or palladium with a fair market value greater than their face value: Exempt
Platinum
  • Refined gold, silver, platinum, or palladium bullion bars or ingots sold according to precious metal content: Exempt
  • Numismatic coins or other forms of money, and legal tender bullion coins made of gold, silver, platinum, or palladium with a fair market value greater than their face value: Exempt
Palladium
  • Refined gold, silver, platinum, or palladium bullion bars or ingots sold according to precious metal content: Exempt
  • Numismatic coins or other forms of money, and legal tender bullion coins made of gold, silver, platinum, or palladium with a fair market value greater than their face value: Exempt

Montana Taxes

Gold
  • No state sales tax
Silver
  • No state sales tax
Platinum
  • No state sales tax
Palladium
  • No state sales tax