Bullion sales tax · Alaska
Alaska sales tax on gold and silver
Is gold taxed in Alaska?
Not by the state.
Alaska has no statewide sales tax, and since August 28, 2026 no city or borough may tax the gold or silver value of coins or weight-and-purity-stamped bullion, though local tax can still apply to the dealer premium.
Since August 2026, cities and boroughs can't tax the gold or silver content of coins and stamped bullion.
- Investment gold & silver
- No state sales tax (some local)
- Order threshold
- None
- Metals covered
- No sales tax on any
- Jewelry
- No state tax; some local tax
What's taxed in Alaska
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No state sales tax; some cities and boroughs tax sales. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No state sales tax; some cities and boroughs tax sales. |
| Platinum and palladium bullion (bars, rounds and coins) | No sales tax | No state sales tax; some cities and boroughs tax sales. |
| Rare and graded (numismatic) coins | No sales tax | No state sales tax; some cities and boroughs tax sales. |
| Jewelry | No sales tax | No state sales tax; some cities and boroughs tax sales. |
| Medals, collectibles and accessories | No sales tax | No state sales tax; some cities and boroughs tax sales. |
The rule, in plain English
Alaska has no statewide sales tax, and since August 28, 2026 no city or borough may tax the gold or silver value of coins or weight-and-purity-stamped bullion, though local tax can still apply to the dealer premium.
What counts: AS 44.12.400(d)(2), added by Ch. 6 SLA 2026: 'specie' means gold or silver valued primarily based on its metal content and in the form of (A) coin; or (B) bullion that is stamped or imprinted with its weight and purity. AS 29.45.650(m) (boroughs) and AS 29.45.700(i) (cities): may not levy or collect a sales or use tax on the value of the gold or silver contained within specie during the sale or exchange of specie; applies to home rule and general law municipalities.
Still taxed: No state sales tax on anything. Local sales taxes (where levied, including ARSSTC remote-seller members) can still apply to: dealer premium and markup over metal value, collectible value, platinum and palladium items, unstamped gold or silver, jewelry, watches, art, accessories.
This rule took effect on August 28, 2026.
What you would pay: three Alaska examples
| Purchase delivered to Alaska | Sales tax |
|---|---|
| Silver coins, $500 | $0 no state sales tax |
| Gold coins, $5,000 | $0 no state sales tax |
| A gold necklace, $1,000 | $0 no state sales tax |
Using Alaska's state rate plus the average local rate, 1.82% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Alaska
HB 1 (Ch. 6 SLA 2026) took effect: cities and boroughs, including home-rule ones, may no longer tax the gold or silver value of specie (coins, or bullion stamped with weight and purity). The premium over metal value can still be taxed. Source
Alaska and the nearest states
- Washington Taxable
Different rules next door: Washington (taxable). Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Alaska
No sales tax is added at our checkout for bullion delivered to Alaska.
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).
Popular bullion delivered to Alaska
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 Alaska
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. Alaska has no personal income tax, so the state doesn't tax the gain.
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
About 100+ cities and boroughs levy their own sales taxes; many collect from remote sellers through the Alaska Remote Seller Sales Tax Commission (ARSSTC) Uniform Code. Since 2026-08-28 none may tax the gold or silver metal value of specie. Juneau has published guidance: tax only the portion over spot, keep spot-price records, and report the exempt part as 'Code 02 - Prohibited by Federal or State Law'. No ARSSTC guidance on HB 1 was found.
Common questions about Alaska
Is gold taxed in Alaska?
Not by the state. Alaska has no statewide sales tax, and since August 28, 2026 no city or borough may tax the gold or silver value of coins or weight-and-purity-stamped bullion, though local tax can still apply to the dealer premium.
Is silver taxed in Alaska?
No. Alaska has no statewide sales tax.
Is gold jewelry taxed in Alaska?
Alaska has no statewide sales tax, so jewelry isn't taxed by the state; some Alaska cities and boroughs charge their own sales tax.
Do I pay tax when I sell gold in Alaska?
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. Alaska has no personal income tax, so the state doesn't tax the gain.
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
- AS 29.45.650(m), 29.45.700(i), 44.12.400(d) — New subsections created by HB 1 (enrolled text read) (checked October 19, 2026)
- Ch. 6 SLA 2026 (HB 1) — Specie as legal tender; borough and city sales and use taxes on specie (enrolled text; law without signature 5/29/2026; effective 8/28/2026) (checked October 19, 2026)
- City and Borough of Juneau Sales Tax Notice (August 2026) — New Sales Tax Exemption, HB1: Gold & Silver Specie (metal value exempt, premium over spot taxable) (checked October 19, 2026)
- Alaska DCCED, Office of the State Assessor: Alaska Sales Tax Information — State of Alaska does not levy a sales tax; municipalities may (page blocked; search snippet only) (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.