Buying Gold and Silver in the U.S.

When purchasing gold and silver bullion from our store, local sales tax may apply depending on the delivery address. Since tax rates are based on the shipment's destination, this can sometimes create confusion about the final cost. To provide clarity, we have created an easy-to-use directory to help you check applicable tax regulations in your state. Keep in mind that tax rates are determined by the delivery location, which might differ from your residential address. If you store your bullion in a different state, make sure to review the tax rates for that area as well.

Background on Tax Collection Changes

On June 21, 2018, the U.S. Supreme Court issued a significant decision in the South Dakota v. Wayfair Inc. case, changing how states can collect sales taxes on online sales. South Dakota argued that growing online shopping was leading to reduced local tax revenue compared to traditional retail. The 1992 case of Quill Corp v. North Dakota had previously established that online retailers were only required to collect state sales tax if they had a physical presence in that state.

The 2018 decision overturned this precedent, allowing states to require online businesses to collect and remit sales tax, even without a physical presence. This change has compelled online retailers to adapt to varied tax regulations across the country. We are committed to helping our customers understand how these changes may impact their purchase total.

We have developed an interactive tool to indicate the type of sales tax that might apply.

States Where Sales Tax Is Collected

We collect sales tax in various states, in accordance with local laws:

Our Approach to Addressing Sales Tax Changes
We have implemented steps to keep you informed about how these tax changes affect your purchases of gold, silver, platinum, palladium, and copper. Generally, we collect sales tax only in states that mandate it, with rates varying by product type. Some states provide exemptions for certain bullion products, while others require taxes on collectible items and related accessories, such as holders and capsules.

Examples of Tax Differences by State:

• Texas requires sales tax on non-bullion items, such as copper and palladium products, as well as coin-related accessories shipped within the state.
• Vermont mandates the collection of sales tax on all products sent to Vermont addresses.
  

We encourage you to use our interactive tool to check applicable sales tax before finalizing your purchase. Our goal is to enhance transparency and provide clear information about any costs associated with buying precious metals.

SELECT YOUR STATE