Bullion sales tax · New Jersey
New Jersey sales tax on gold and silver
Is gold taxed in New Jersey?
Sometimes.
Since January 1, 2025 New Jersey exempts refined investment bullion with no minimum, but a coin is exempt only if that single coin is worth at least $1,000.
Bars are exempt; a coin is exempt only if that coin is worth $1,000 or more.
- Investment gold & silver
- Partly tax-free
- Order threshold
- $1,000 or more · per item
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 6.6%
What's taxed in New Jersey
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in New Jersey, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | Depends on each coin's value | Tax-free only when each coin is worth $1,000 or more; cheaper coins are taxed. |
| Platinum and palladium bars and rounds | No sales tax | No sales tax in New Jersey, whatever the order size. |
| Platinum and palladium coins (Eagles, Maple Leafs) | Depends on each coin's value | Tax-free only when each coin is worth $1,000 or more; cheaper coins are taxed. |
| Rare and graded (numismatic) coins | Depends on the item | Depends on the coin and how it is priced; see the rule below. |
| Jewelry | Sales tax applies | Taxed like other goods in New Jersey. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in New Jersey. |
The rule, in plain English
Since January 1, 2025 New Jersey exempts refined investment bullion with no minimum, but a coin is exempt only if that single coin is worth at least $1,000.
What counts: N.J.S.A. 54:32B-8.32(b)(2) as amended by P.L.2024, c.64: 'Investment metal bullion' means any elementary precious metal that has been put through a process of smelting or refining, including but not limited to gold, silver, platinum and palladium, in a state where its value depends upon its contents and not its form. It excludes metal assembled, fabricated, manufactured or processed for industrial, professional, aesthetic or artistic uses. 'Investment coin' means any numismatic coin manufactured of gold, silver, platinum, palladium, or any other metal, including non-precious metals, with a fair market value of not less than $1,000. It excludes jewelry or works of art made of coins, and commemorative medallions. There is no purity minimum.
“having a fair market value of not less than $1,000 (applies to each investment coin; does not apply to investment metal bullion)”
Still taxed: Individual coins worth under $1,000, under the Division's reading. Commemorative medallions as coins. Jewelry and art made of coins. Fabricated or artistic precious-metal items. Accessories.
This rule took effect on January 1, 2025.
What you would pay: three New Jersey examples
| Purchase delivered to New Jersey | Sales tax |
|---|---|
| Silver coins, $500 | about $33 each coin is under $1,000 |
| Gold coins, $5,000 | Depends on each coin's value: coins worth $1,000 or more are tax-free |
| A gold necklace, $1,000 | about $66 jewelry is taxed |
Using New Jersey's 6.63% state rate plus the average local rate, 6.6% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in New Jersey
The bullion and coin exemption took effect, applying to retail sales on or after the first day of the fourth month after enactment (enacted 2024-09-12). The Assembly Appropriations Committee added the $1,000 fair-market-value floor for coins on 2024-06-24 to limit revenue loss. Source
New Jersey and its neighbors
- Delaware No sales tax
- New York Tax-free on orders over $1,000
- Pennsylvania Tax-free
Different rules next door: Delaware (no sales tax), New York (tax-free on orders over $1,000) and Pennsylvania (tax-free). Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to New Jersey
Our checkout applies New Jersey's rule, so no sales tax is added to investment bullion delivered there.
New Jersey exempts a coin only if that single coin is worth $1,000 or more. Those items can't be checked out online for delivery to New Jersey; call 646 362 3536 to arrange the order.
Orders ship insured and discreetly packed: USPS under $1,000, FedEx with adult signature from $1,000, usually within 2–3 business days after payment clears. Bank transfer and check are our best price; card and PayPal add 5% (up to $7,500).
Tax-free in New Jersey: bars and coins worth $1,000 or more
The large price is the check/wire price; the card/PayPal price is listed under it. Prices follow the live spot price.
Selling gold in New Jersey
Selling gold to a dealer is not a retail purchase, so no sales tax applies. A profit is a capital gain: the IRS taxes gains on gold and silver bullion as collectibles, at up to 28% when held more than a year. New Jersey taxes the gain as ordinary income (top rate 10.75% in 2026).
Dealers have to report some larger sales to the IRS on Form 1099-B; keep your purchase receipts to show your cost.
We buy bullion at our counter at 20 West 47th Street in New York: walk in with a photo ID and we pay by same-day check. How selling to us works
Local taxes
New Jersey has no general local sales tax. The exemption is from the state Sales and Use Tax, so Urban Enterprise Zone and Salem County reduced rates are irrelevant for exempt items.
Common questions about New Jersey
Is gold taxed in New Jersey?
Sometimes. Since January 1, 2025 New Jersey exempts refined investment bullion with no minimum, but a coin is exempt only if that single coin is worth at least $1,000.
Bars and refined bullion
Tax-free at any amount
A coin worth $1,000 or more
Tax-free
A coin worth less than $1,000
Taxed
Is silver taxed in New Jersey?
It depends on the product. Silver bars and rounds are tax-free at any amount. Silver coins are tax-free only if each coin is worth $1,000 or more.
Is gold jewelry taxed in New Jersey?
Yes. Jewelry is taxed like other goods in New Jersey (about 6.6% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in New Jersey?
Selling gold to a dealer is not a retail purchase, so no sales tax applies. A profit is a capital gain: the IRS taxes gains on gold and silver bullion as collectibles, at up to 28% when held more than a year. New Jersey taxes the gain as ordinary income (top rate 10.75% in 2026).
Selling to a dealer
No sales tax
A gain on the sale
Taxed by the IRS as a collectible, up to 28% when held more than a year
Sources
- N.J.S.A. 54:32B-8.32(b) — Gold, silver, storage sales receipts; definitions (investment metal bullion and investment coins) (checked October 19, 2026)
- P.L.2024, c.64 (S721 2R), approved September 12, 2024 — Exempts sales of investment metal bullion and certain investment coins from sales and use tax (checked October 19, 2026)
- NJ Division of Taxation, Investment Metal Bullion and Investment Coins (last updated 05/27/25) — Investment Metal Bullion and Investment Coins (checked October 19, 2026)
- State and Local Sales Tax Rates, 2026 (table: State & Local Sales Tax Rates as of January 1, 2026) (Tax Foundation)
- 2026 Sales Tax Rates, Midyear Update (rates as of July 1, 2026) (Tax Foundation)
- State Individual Income Tax Rates and Brackets, 2026 (Tax Foundation)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.