Sales Tax Laws | State by State Breakdown
List of States that do or do not charge sales tax on Coins, Paper Money, and/or Precious Metals. Exemptions will be listed if applicable. I have done a lot of research and made many phone calls to verify this information. I am still calling it a”Work in Progress” due to the constant changes in tax laws by fifty different states.
Alabama
The State charges 4% on everything, there are also County & City taxes, which can add another 4-5%.
Alaska
No state sales tax, though local governments may still tax.
Arizona
No sales tax collected on Coins, Paper Money, or Precious Metals.
Arkansas
Sales tax is collected on Coins, Paper Money, and Precious Metals.
California
Exemption on Coins and Bullion when over $1500. Paper Money is taxable.
Colorado
Sales Tax on Coins, Paper Money, and Bullion varies by City. The State does not charge any sales tax.
Connecticut
No sales tax on Coins or Paper Money. Exemption on Bullion when over $1000.
Delaware
No sales tax collected on Coins, Paper Money, or Precious Metals.
District of Colombia
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Florida
No sales tax on U.S. Coins or Currency. Exemption on Bullion when over $500.
Georgia
No sales tax collected on Coins, Paper Money, or Precious Metals.
Hawaii
General Excise Tax is collected on Coins, Paper Money, and Bullion.
Idaho
No sales tax on Coins or Bullion. Paper Money is a grey area.
Illinois
No sales tax collected on Coins, Paper Money, or Precious Metals.
Indiana
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Iowa
No sales tax collected on Coins, Paper Money, or Precious Metals.
Kansas
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Kentucky
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Louisiana
Exemption on Coins and Bullion when over $1000. Paper Money is taxable.
Maine
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Maryland
Numismatic items and Bullion are exempt when over $1000.
Massachusetts
Coins, Paper Money, and Bullion are exempt when over $1000.
Michigan
No sales tax collected on Coins, Paper Money, or Precious Metals.
Minnesota
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Mississippi
No sales tax collected on Coins, Paper Money, or Precious Metals.
Missouri
No sales tax on Coins or Bullion, but taxes Paper Money
Montana
No sales tax collected on Coins, Paper Money, or Precious Metals by the State. There is a 3% Provisional tax in some communities. See Comments.
Nebraska
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Nevada
Sales tax is collected on anything that sells for over 50% of its “Face Value.” Private Mint Bars and Rounds are exempt.
New Hampshire
Sales tax is collected on Coins, Paper Money, and Precious Metals.
New Jersey
Sales tax is collected on Coins, Paper Money, and Precious Metals.
New Mexico
Sales tax is collected on Coins, Paper Money, and Precious Metals.
New York
Coins and Paper Money are Taxable, Bullion is Exempt when over $1000.
North Carolina
Sales tax is collected on Coins, Paper Money, and Precious Metals.
North Dakota
No sales tax collected on Coins, Paper Money, or Precious Metals.
Ohio
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Oklahoma
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Oregon
No sales tax collected on Coins, Paper Money, or Precious Metals.
Pennsylvania
No sales tax on Coins or Bullion, but taxes Paper Money.
Rhode Island
No sales tax on Coins or Bullion, but taxes Paper Money.
South Carolina
No sales tax collected on Coins, Paper Money, or Precious Metals.
South Dakota
No sales tax collected on Coins, Paper Money, or Precious Metals.
Tennessee
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Texas
Coins and Precious Metals are exempt over $1000. Paper Money is taxable.
Utah
No sales tax collected on Coins, Paper Money, or Precious Metals.
Vermont
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Virginia
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Washington State
No sales tax on Coins or Precious Metals. Paper Money is taxable.
West Virginia
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Wisconsin
Sales tax is collected on Coins, Paper Money, and Precious Metals.
Wyoming
Taxes vary by city on Coins and Paper Money. Precious Metals are taxable.
Points of Interest:
Coins, Paper Money, and Precious Metals can be taxed differently.
Disclaimer: This is only a guide and information should be verified before any purchases are made. The|Coinologist in no way makes any guarantees about how states, counties, or cities collect sales tax.
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July 18, 2011 at 4:23 am
Good post. Thank you!
While the comment on Montana is accurate (the STATE does not collect sales tax), there is a provision in the laws for certain individual communities and resorts to collect a tax of up to 3%. The last time I checked, there were seven such communities in Montana.
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October 25, 2011 at 10:30 am
Thanks for the information. I’ve updated the post.
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January 3, 2013 at 9:58 pm
Are you sure about Mississippi sales tax in the above chart?
Pat
January 27, 2013 at 6:13 am
Hi Pat, As I wrote, this page is a work in progress. I did do research on each state, but tax laws are always changing. If you have any information on Mississippi tax law, please share.
Robert L. Wilson
February 13, 2013 at 7:14 am
Hi, I did contact the State Office of Revenue and we are not exempt. Hope this helps. Sincerely, Pat Davis PS. What I understand IS exempt are foreign coins used by another country as legal tender.
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Pat Davis
February 20, 2013 at 10:35 am
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