Florida sales tax on gold and silver

The rule, in plain English

Florida doesn't tax gold, silver or platinum bars at any price, or U.S. legal-tender coins of any metal. Since July 1, 2026 it also exempts 99.5% gold and 99.9% silver rounds stamped only with weight, purity and maker. Foreign coins such as Maple Leafs and Krugerrands are taxed unless the taxable coins in one sale total more than $500; palladium bars are taxed.

What counts: Bullion (Rule 12A-1.0371(2)): 'gold, silver, or platinum in the form of bars, ingots, or plates, normally sold by weight'; 'Finished goods, such as coins and jewelry, are not bullion.' Gold coin under s. 215.986 (per DOR TIP 26A01-08): gold 'in the shape of rounds, bars, ingots, or bullion coins, that is valued for its metal content and stamped or imprinted with its weight and purity, and that is at least 99.5% pure gold'. A silver coin is the same with at least 99.9% silver. Both exclude jewelry, items of utility and collectibles. An imprinted purity mark creates a presumption that the purity test is met. Legal tender (Rule): coins or currency 'a creditor would be required to accept in payment of a debt.'.

Still taxed: Palladium bars and rounds. Coins that are not U.S. legal tender, of any metal (for example Maple Leafs, Krugerrands, Britannias, Philharmonics, foreign numismatic coins): s. 215.986 reaches only rounds and bars marked with weight, purity and maker, not government-minted foreign coins (s. 215.986(2)(a), (c)), so these are taxed unless the taxable coins in the transaction total more than $500. Jewelry and other objects made with coins, currency or bullion (Rule 12A-1.0371(4)). Collectibles and items of utility excluded by s. 215.986. Dealers must keep item-level documentation, or the entire transaction becomes taxable (Rule 12A-1.0371(6)).

This rule took effect on July 1, 2026.

Buying from Bullion Trading LLC with delivery to Florida

Our checkout applies Florida's rule, so no sales tax is added to investment bullion delivered there.

Florida does not exempt palladium bars and rounds. Those items can't be checked out online for delivery to Florida; call 646 362 3536 to arrange the order.

Florida taxes foreign coins (Maple Leafs, Krugerrands, Britannias) when the foreign coins in one sale total $500 or less. Those items can't be checked out online for delivery to Florida; 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).

Selling gold in Florida

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. Florida 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

Local discretionary sales surtax follows the state base. Exempt bullion and coins are exempt from surtax; taxable items carry 6% plus the county surtax.