Bullion sales tax · Colorado
Colorado sales tax on gold and silver
Is gold taxed in Colorado?
No.
Colorado charges no state or state-collected local sales tax on refined precious-metal bullion or on coins that are or were legal tender, at any amount, but home-rule cities that run their own sales tax set their own rules.
- Investment gold & silver
- Tax-free
- Order threshold
- None
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 7.89%
What's taxed in Colorado
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Colorado, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No sales tax in Colorado, whatever the order size. |
| Platinum and palladium bullion (bars, rounds and coins) | No sales tax | No sales tax in Colorado, whatever the order size. |
| Rare and graded (numismatic) coins | No sales tax | No sales tax in Colorado, whatever the order size. |
| Jewelry | Sales tax applies | Taxed like other goods in Colorado. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Colorado. |
The rule, in plain English
Colorado charges no state or state-collected local sales tax on refined precious-metal bullion or on coins that are or were legal tender, at any amount, but home-rule cities that run their own sales tax set their own rules.
What counts: C.R.S. § 39-26-102(2.6): 'coins' = monetized bullion or other forms of money manufactured from gold, silver, platinum, palladium or other such metals now, in the future or heretofore designated as a medium of exchange under the laws of this state, the U.S. or any foreign nation. Precious metal bullion (C.R.S. § 39-26-102(6.5), per DOR) = any precious metal, including but not limited to gold, silver, platinum and palladium, that has been put through a process of refining and is in such a state or condition that its value depends upon its precious metal content and not its form. Exemption: C.R.S. § 39-26-706(4)(a) (sales) and (4)(b) (use).
Still taxed: Paper money, tokens, checks, wampum and similar numismatic items that are not coins or bullion; art, jewelry and commemoratives made from coins or bullion; accessories. Home-rule city tax may differ.
What you would pay: three Colorado examples
| Purchase delivered to Colorado | Sales tax |
|---|---|
| Silver coins, $500 | $0 exempt investment bullion |
| Gold coins, $5,000 | $0 exempt investment bullion |
| A gold necklace, $1,000 | about $79 jewelry is taxed |
Using Colorado's 2.9% state rate plus the average local rate, 7.89% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Colorado and its neighbors
- Kansas Tax-free
- Nebraska Tax-free
- New Mexico Taxable
- Oklahoma Tax-free
- Utah Tax-free
- Wyoming Tax-free
Different rules next door: New Mexico (taxable). Same as Colorado: Kansas, Nebraska, Oklahoma, Utah and Wyoming. Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Colorado
No sales tax is added at our checkout for bullion delivered to Colorado.
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 Colorado: popular coins and bars
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 Colorado
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. Colorado taxes the gain as ordinary income (top rate 4.4% 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
About 70 home-rule cities collect their own sales tax and are not bound by the state exemption. Aurora exempts bullion and legal-tender collector coins (official guide read). Lafayette reportedly exempted bullion from 2025-01-01 (Sovos summary only, not verified). Denver's treatment was not confirmed. State-collected city, county, RTD and SCFD taxes follow the state exemption.
Common questions about Colorado
Is gold taxed in Colorado?
No. Colorado charges no state or state-collected local sales tax on refined precious-metal bullion or on coins that are or were legal tender, at any amount, but home-rule cities that run their own sales tax set their own rules.
Is silver taxed in Colorado?
No. Investment silver bullion and coins are exempt from sales tax in Colorado.
Is gold jewelry taxed in Colorado?
Yes. Jewelry is taxed like other goods in Colorado (about 7.89% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Colorado?
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. Colorado taxes the gain as ordinary income (top rate 4.4% 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
- C.R.S. § 39-26-706(4) — Miscellaneous exemptions: precious metal bullion and coins (FindLaw mirror, current as of 2025-01-01; official leg.colorado.gov text not fetched) (checked October 19, 2026)
- C.R.S. § 39-26-102(2.6) — Definition of 'coins' (FindLaw mirror, current as of 2025-01-01) (checked October 19, 2026)
- Colorado DOR, Sales & Use Tax Topics: Coins and Precious Metal Bullion (rev. February 2025) — Exempt from state and state-administered local taxes; paper money/tokens and art/jewelry/commemoratives taxable; does not apply to home-rule cities (checked October 19, 2026)
- City of Aurora Tax Compliance Guide: Collector Coins & Precious Metal Bullion (05/2023); Aurora Mun. Code §§ 130-157, 130-198 — Home-rule example: Aurora exempts bullion and legal-tender collector 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)
- DR 0104AD 2025 (Subtractions from Income Schedule) (Colorado Department of Revenue)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.