economy
March 3, 2026
Which states have no sales tax on silver and gold?
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TL;DR
- Gold and silver prices have surged, making them popular safe-haven investments.
- Over 40 U.S. states now offer sales tax exemptions for investment-grade precious metals.
- Five states (Alaska, Delaware, Montana, New Hampshire, Oregon) have no statewide sales tax.
- Specific exemptions reduce or eliminate sales tax on gold and silver bullion purchases in many other states.
- California and New Jersey are among the states that may still apply sales tax, often with conditions.
- Understanding state tax laws is crucial for minimizing upfront costs and maximizing investment returns.
- Sales tax is a variable cost that can be reduced or eliminated, unlike spot prices.
- For significant investments, avoiding sales tax can preserve thousands of dollars.
- Investors should confirm current state rules, as laws can change.
- Structuring purchases wisely, considering tax implications and portfolio strategy, is key.
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