Gold & Silver Sales Tax

Gold Silver Sales Tax by State

Buying Products from SD Bullion and Potential Tax Implications

When you purchase products on SDBullion.com, we may have to collect sales tax on some or all of the products you purchase. The amount you pay OR don't pay will be directly related to where you choose to ship the product and what product(s) you decide to purchase. This is important to note since you may be shipping gold or silver to another state you are not living in. In this case, you would be subject to the local sales tax of the state you are shipping metal to.

For example, if the state you live in requires us to collect sales tax but the state you store your gold or silver in does not require us to collect sales tax and you shipped your products to your storage depository, then we would not be required to collect sales tax. 

Why are We Required to Collect Sales Tax?

In 1992, in the case of Quill Corp v. North Dakota, the US Supreme Court ruled in favored of Quill Corp. The US Supreme court ruled that Quill Corp did not need to collect sales tax in North Dakota because Quill Corp did not have a physical location in North Dakota. 

Fast forward to June 21, 2018, in the case of South Dakota vs Wayfair Inc. This time, the US Supreme ruled in favor of South Dakota. The court ruled that states can require the collection of sales tax on purchases made online.

At SD Bullion, we've been working hard and working with tax experts to figure out which states and products have been affected by this ruling. Below, we have tried to make it as simple as possible for our customers to understand what their order total will be before they complete their purchases.

Sales Tax Product Definitions

Below, we are going state-by-state to let you know what products we are required to collect sales tax on for each respective state. Before that though, please read and understand the following product type definitions.

Product Type Definitions

All Products = Every product on our website

Accessories = Products found in this category here

Processed Items = Antiqued Proof products, Statues and Colorized Products

Palladium = Any Palladium products on our website

Copper = Any Copper products on our website

Silver Coins = Any Silver Coin products on our website (this does NOT include Silver Bars or Silver Rounds)

Gold Coins = Any Gold Coin products on our website (this does NOT include Gold Bars)

Platinum Bullion = Pure Platinum products such as Platinum Bars

Platinum Coins = Any Platinum Coin products on our website

Numismatic Coins = Coins that are valued for their collectibility rather than their metal value. This would include products such as Graded Coins, or Proof Coins.

States We Collect Sales Tax On

To learn which products we have to collect sales tax on, click your "shipping to" state below:

Alabama Iowa Nebraska South Carolina
California Kentucky Nevada South Dakota
Colorado Louisiana New Jersey Texas
Connecticut Maine North Carolina Utah
Georgia Maryland North Dakota Vermont
Hawaii Massachusetts Ohio Washington
Idaho Michigan Oklahoma Washington DC
Illinois Minnesota Pennsylvania West Virginia
Indiana Mississippi Rhode Island Wisconsin

Alabama Sales Tax

SD Bullion is required to collect Alabama sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics
  • Items below .900 Purity
Back to top

California Sales Tax

SD Bullion is required to collect California sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
  • Platinum Coins
  • Platinum Bullion
  • Gold, Silver, & Numismatics less than $1,500
Back to top

Colorado Sales Tax

SD Bullion is required to collect Colorado sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics
Back to top

Connecticut Sales Tax

SD Bullion is required to collect Connecticut sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
  • Platinum Coins
  • Platinum Bullion
  • Numismatics
  • Gold & Silver Transactions less than $1,000
Back to top

Georgia Sales Tax

SD Bullion is required to collect Georgia sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
Back to top

Hawaii Sales Tax

SD Bullion is required to collect Hawaii sales tax on the following items

  • All Products
Back to top

Idaho Sales Tax

SD Bullion is required to collect Idaho sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

Illinois Sales Tax

SD Bullion is required to collect Illinois sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
  • Items below .980 purity
Back to top

Indiana Sales Tax

SD Bullion is required to collect Indiana sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics
  • Gold, Items below .995 purity, Silver Items below .999 purity, Platinum & Palladium Items below .9995 purity
Back to top

Iowa Sales Tax

SD Bullion is required to collect Iowa sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

Kentucky Sales Tax

SD Bullion is required to collect Kentucky sales tax on the following items

  • All Products
Back to top

Louisiana Sales Tax

SD Bullion is required to collect Louisiana sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
  • Numismatics (if more than $1,000)
Back to top

Maine Sales Tax

SD Bullion is required to collect Maine sales tax on the following items

  • All Products
Back to top

Maryland Sales Tax

SD Bullion is required to collect Maryland sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics (if less than $1,000)
  • Gold, Silver, Platinum & Palladium Transactions Less than $1,000
Back to top

Massachusetts Sales Tax

SD Bullion is required to collect Massachusetts sales tax on the following items

  • Any Transaction Less Than $1,000
Back to top

Michigan Sales Tax

SD Bullion is required to collect Michigan sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
Back to top

Minnesota Sales Tax

SD Bullion is required to collect Minnesota sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Silver Coins
  • Gold Coins
  • Platinum Coins
  • Numismatics
  • Gold, Silver Platinum & Palladium Rounds or Bars below .999 purity
Back to top

Mississippi Sales Tax

SD Bullion is required to collect Mississippi sales tax on the following items

  • All Products
Back to top

Nebraska Sales Tax

SD Bullion is required to collect Nebraska sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

Nevada Sales Tax

SD Bullion is required to collect Nevada sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

New Jersey Sales Tax

SD Bullion is required to collect New Jersey sales tax on the following items

  • All Products
Back to top

North Carolina Sales Tax

SD Bullion is required to collect North Carolina sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

North Dakota Sales Tax

SD Bullion is required to collect North Dakota sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics
  • Any Metal Product below .999 purity
Back to top

Ohio Sales Tax

SD Bullion is required to collect Ohio sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

Oklahoma Sales Tax

SD Bullion is required to collect Oklahoma sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

Pennsylvania Sales Tax

SD Bullion is required to collect Pennsylvania sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

Rhode Island Sales Tax

SD Bullion is required to collect Rhode Island sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

South Carolina Sales Tax

SD Bullion is required to collect South Carolina sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
Back to top

South Dakota Sales Tax

SD Bullion is required to collect South Dakota sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics
Back to top

Texas Sales Tax

SD Bullion is required to collect Texas sales tax on the following items

  • Accessories
  • Copper
  • Palladium
  • Platinum Coins
Back to top

Utah Sales Tax

SD Bullion is required to collect Utah sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Palladium
  • Any Metal Product below .500 purity
Back to top

Vermont Sales Tax

SD Bullion is required to collect Vermont sales tax on the following items

  • All Products
Back to top

Washington Sales Tax

SD Bullion is required to collect Washington sales tax on the following items

  • Accessories
  • Processed Items
  • Copper
  • Numismatics
Back to top

Washington DC Sales Tax

SD Bullion is required to collect Washington DC sales tax on the following items

  • All Products
Back to top

West Virginia Sales Tax

SD Bullion is required to collect West Virginia sales tax on the following items

  • All Products
Back to top

Wisconsin Sales Tax

SD Bullion is required to collect Wisconsin sales tax on the following items

  • All Products
Back to top