Bullion sales tax · Connecticut
Connecticut sales tax on gold and silver
Is gold taxed in Connecticut?
Only on smaller orders.
Connecticut exempts gold and silver bullion and gold or silver legal-tender coins when the sale is $1,000 or more; smaller sales and platinum or palladium are taxed. From July 1, 2027 the $1,000 minimum ends and platinum and palladium become exempt too.
Platinum and palladium are taxed until the threshold ends on July 1, 2027.
- Investment gold & silver
- Tax-free on orders $1,000 or more
- Order threshold
- $1,000 or more · per transaction/invoice
- Metals covered
- Gold and silver; not platinum and palladium
- Jewelry
- Taxed · about 6.35%
- Exemption runs until
- June 30, 2027
What's taxed in Connecticut
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | Depends on the order | Tax-free when the purchase is $1,000 or more; taxed below that. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | Depends on the order | Tax-free when the purchase is $1,000 or more; taxed below that. |
| Platinum and palladium bullion (bars, rounds and coins) | Sales tax applies | Connecticut's exemption doesn't cover platinum or palladium, so they are taxed. |
| Rare and graded (numismatic) coins | Depends on the order | Tax-free when the purchase is $1,000 or more; taxed below that. |
| Jewelry | Sales tax applies | Taxed like other goods in Connecticut. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Connecticut. |
The rule, in plain English
Connecticut exempts gold and silver bullion and gold or silver legal-tender coins when the sale is $1,000 or more; smaller sales and platinum or palladium are taxed. From July 1, 2027 the $1,000 minimum ends and platinum and palladium become exempt too.
What counts: CGS § 12-412(45) (current): sales of and the storage or use of rare or antique coins, gold or silver bullion and gold or silver legal tender of any nation, traded according to its value as precious metal, subject to the $1,000 floor for bullion and legal tender. No purity standard today. From July 1, 2027: (A) rare or antique coins, (B) gold bullion or silver bullion with a purity level of at least ninety per cent, (C) palladium bullion, (D) platinum, and (E) gold or silver legal tender of any nation, traded according to its value as precious metal.
“CGS § 12-412(45): exemption not applicable to any sale "in which the total value of such bullion or legal tender sold by the retailer is less than one thousand dollars”
Still taxed: Through 2027-06-30: gold or silver bullion and legal tender in sales under $1,000; all platinum and palladium bars, rounds and coins; jewelry; accessories; non-rare, non-legal-tender medals and rounds below the floor. From 2027-07-01: gold or silver bullion under 90% purity (gold or silver legal tender traded on metal value stays exempt with no purity test), jewelry, accessories.
The exemption runs until June 30, 2027 unless the legislature extends it.
What you would pay: three Connecticut examples
| Purchase delivered to Connecticut | Sales tax |
|---|---|
| Silver coins, $500 | about $32 under the $1,000 threshold |
| Gold coins, $5,000 | $0 meets the $1,000 threshold |
| A gold necklace, $1,000 | about $64 jewelry is taxed |
Using Connecticut's 6.35% state rate plus the average local rate, 6.35% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Connecticut
Watching: From 2027-07-01: Scheduled (enacted in 2025 by PA 25-168 § 444): $1,000 minimum repealed; platinum and palladium bullion added; gold and silver bullion must be at least 90% pure. Applies to sales on or after July 1, 2027.
Connecticut and its neighbors
- Massachusetts Tax-free on orders $1,000 or more
- New York Tax-free on orders over $1,000
- Rhode Island Tax-free
Different rules next door: Rhode Island (tax-free). Same as Connecticut: Massachusetts and New York. Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Connecticut
No Connecticut sales tax is added at our checkout. For questions about use tax, ask a tax professional.
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).
One 1 oz gold coin clears Connecticut's $1,000 threshold on its own
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 Connecticut
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. Connecticut taxes the gain as ordinary income (top rate 6.99% 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
Common questions about Connecticut
Is gold taxed in Connecticut?
Only on smaller orders. Connecticut exempts gold and silver bullion and gold or silver legal-tender coins when the sale is $1,000 or more; smaller sales and platinum or palladium are taxed. From July 1, 2027 the $1,000 minimum ends and platinum and palladium become exempt too.
Is silver taxed in Connecticut?
Only on smaller purchases: silver bullion is tax-free in Connecticut when the purchase is $1,000 or more.
How much do I have to buy to avoid sales tax in Connecticut?
The purchase has to be $1,000 or more (per transaction/invoice). Below that, Connecticut sales tax applies to the whole purchase.
A purchase $1,000 or more
Tax-free
Under $1,000
Connecticut sales tax on the whole purchase
Is gold jewelry taxed in Connecticut?
Yes. Jewelry is taxed like other goods in Connecticut (about 6.35% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Connecticut?
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. Connecticut taxes the gain as ordinary income (top rate 6.99% 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
- Conn. Gen. Stat. § 12-412(45) — Rare or antique coins, gold or silver bullion, legal tender of any nation (2026 Supplement, revised to Jan 1, 2026, with note of July 1, 2027 version) (checked October 19, 2026)
- Public Act 25-168 (HB 7287), § 444 — Amends § 12-412(45) effective July 1, 2027: removes $1,000 floor, adds palladium bullion and platinum, 90% purity for gold/silver bullion; § 443 creates precious metals working group (checked October 19, 2026)
- OLR Bill Analysis, sSB 1552 (2025) — Standalone precursor bill (proposed Jan 1, 2026 date, superseded by PA 25-168's July 1, 2027 date) (checked October 19, 2026)
- CT DRS, 2026 Connecticut State Tax Developments — 2026 session sales tax changes (no change to coins/bullion) (checked October 19, 2026)
- CT DRS, 2025 Legislative Overview: Sales and Use Taxes and Admissions and Dues Taxes (entry on § 12-412(45)) — Modification of exemption for certain sales of rare or antique coins, gold or silver bullion, and gold or silver legal tender (coins by metal; checked October 21, 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.