Arizona sales tax on gold and silver

The rule, in plain English

Arizona charges no state sales tax on precious-metal bullion or on coins that are or were money, at any amount; cities also exempt bullion but may tax a coin sold mainly for its collector value.

What counts: A.R.S. § 42-5061(A)(21): deduction for 'the sale of cash equivalents and the sale of precious metal bullion and monetized bullion'. 'Precious metal bullion' = precious metal, including gold, silver, platinum, rhodium and palladium, that has been smelted or refined so that its value depends on its contents and not on its form. 'Monetized bullion' = coins and other forms of money manufactured from gold, silver or other metals that have been or are used as a medium of exchange in this or another state, the United States or a foreign nation.

Still taxed: Coins or other money sold for manufacture into jewelry or works of art (statutory exception); jewelry; art; non-monetary medals or collectibles whose value depends on form; accessories. City level only: coins sold primarily for numismatic value (2x metal value and 2x face value test).

Buying from Bullion Trading LLC with delivery to Arizona

No sales tax is added at our checkout for bullion delivered to Arizona.

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).

Selling gold in Arizona

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. Arizona subtracts gains from exchanging one form of legal tender for another, which covers precious-metal coins but not bars, and 25% of gains on assets bought after 2011.

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

Arizona cities levy their own TPT under the Model City Tax Code, now collected through ADOR. The MCTC excludes platinum, bullion and monetized bullion from retail tax, except coins acquired primarily for numismatic value, which cities may tax. County excise taxes piggyback on the state base. The MCTC pages were read from a 2024 Wayback snapshot; the live site blocks automated reads.