Bullion sales tax · Idaho
Idaho sales tax on gold and silver
Is gold taxed in Idaho?
No.
Idaho does not tax precious-metal bullion of any metal or coins that are or were money, but jewelry, coins sold to be made into jewelry, and commemorative medallions or tokens are taxable.
- Investment gold & silver
- Tax-free
- Order threshold
- None
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 6.03%
What's taxed in Idaho
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Idaho, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No sales tax in Idaho, whatever the order size. |
| Platinum and palladium bullion (bars, rounds and coins) | No sales tax | No sales tax in Idaho, whatever the order size. |
| Rare and graded (numismatic) coins | No sales tax | No sales tax in Idaho, whatever the order size. |
| Jewelry | Sales tax applies | Taxed like other goods in Idaho. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Idaho. |
The rule, in plain English
Idaho does not tax precious-metal bullion of any metal or coins that are or were money, but jewelry, coins sold to be made into jewelry, and commemorative medallions or tokens are taxable.
What counts: Idaho Code § 63-3622V(b): 'precious metal bullion' means any elementary precious metal put through smelting or refining (including gold, silver, platinum, rhodium and chromium) whose 'value depends upon its contents and not upon its form'. (c): 'monetized bullion' means coins or other forms of money made from gold, silver or other metals that are or have been used as a medium of exchange under the laws of Idaho, the U.S. or any foreign nation, excluding 'coins or money sold to be manufactured into jewelry or works of art.'.
Still taxed: Jewelry (belt buckles, bracelets, necklaces) containing coins, legal tender or ingots. Coins sold to be made into jewelry or art. Commemorative medallions and tokens, and coins whose value depends on form and that were not minted as currency (IDAPA 35.01.02.039.02).
What you would pay: three Idaho examples
| Purchase delivered to Idaho | Sales tax |
|---|---|
| Silver coins, $500 | $0 exempt investment bullion |
| Gold coins, $5,000 | $0 exempt investment bullion |
| A gold necklace, $1,000 | about $60 jewelry is taxed |
Using Idaho's 6% state rate plus the average local rate, 6.03% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Idaho and its neighbors
- Montana No sales tax
- Nevada Partly tax-free
- Oregon No sales tax
- Utah Tax-free
- Washington Taxable
- Wyoming Tax-free
Different rules next door: Montana (no sales tax), Nevada (partly tax-free), Oregon (no sales tax) and Washington (taxable). Same as Idaho: Utah and Wyoming. Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Idaho
No sales tax is added at our checkout for bullion delivered to Idaho.
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 Idaho: 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 Idaho
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. Idaho removes gains and losses on bullion and on gold and silver coins from state taxable income (from 2025).
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
Resort-city local option taxes generally follow the state base; not separately verified.
Common questions about Idaho
Is gold taxed in Idaho?
No. Idaho does not tax precious-metal bullion of any metal or coins that are or were money, but jewelry, coins sold to be made into jewelry, and commemorative medallions or tokens are taxable.
Is silver taxed in Idaho?
No. Investment silver bullion and coins are exempt from sales tax in Idaho.
Is gold jewelry taxed in Idaho?
Yes. Jewelry is taxed like other goods in Idaho (about 6.03% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Idaho?
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. Idaho removes gains and losses on bullion and on gold and silver coins from state taxable income (from 2025).
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
- Idaho Code § 63-3622V — Precious metal bullion and monetized bullion exemption (checked October 19, 2026)
- Idaho Code § 63-3622V (official) — Official Idaho Legislature statute page (checked October 19, 2026)
- IDAPA 35.01.02.039 — Bullion, Coins, or Other Currency (Idaho State Tax Commission rule) (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)
- H0040 (2025) bill text and status; Idaho Code 63-3622V (Idaho Legislature)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.