Bullion sales tax · Indiana
Indiana sales tax on gold and silver
Is gold taxed in Indiana?
Sometimes.
Indiana does not tax U.S. legal-tender coins or IRA-grade bullion (gold 99.5%, silver 99.9%, platinum and palladium 99.95%), but foreign coins below those purities (for example Krugerrands, pre-2013 Britannias) and collectible foreign coins are taxable.
Krugerrands and other foreign coins below IRA purity are taxed.
- Investment gold & silver
- Partly tax-free
- Order threshold
- None
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 7%
What's taxed in Indiana
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Indiana, whatever the order size. |
| Gold bullion coins (Eagles, Maple Leafs, Krugerrands) | Depends on the item | Depends on purity: U.S. coins and 99.5%+ foreign coins are tax-free; Krugerrands, Sovereigns and pre-2013 Britannias are taxed. |
| Silver bullion coins (Eagles, Maple Leafs, Britannias) | Depends on the item | Depends on purity: U.S. coins and 99.9%+ foreign coins are tax-free; pre-2013 Britannias (95.8%) are taxed. |
| Platinum and palladium bullion (bars, rounds and coins) | No sales tax | No sales tax in Indiana, whatever the order size. |
| Rare and graded (numismatic) coins | Depends on the item | Depends on the coin and how it is priced; see the rule below. |
| Jewelry | Sales tax applies | Taxed like other goods in Indiana. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Indiana. |
The rule, in plain English
Indiana does not tax U.S. legal-tender coins or IRA-grade bullion (gold 99.5%, silver 99.9%, platinum and palladium 99.95%), but foreign coins below those purities (for example Krugerrands, pre-2013 Britannias) and collectible foreign coins are taxable.
What counts: IC 6-2.5-5-47 exempts '(1) coins that are permitted investments by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m); (2) bullion that would be a permitted investment ... under 26 U.S.C. 408(m) if the bullion was in the physical possession of a trustee; or (3) legal tender'. IDOR SIB #50: fineness gold 995, silver 999, platinum 999.5, palladium 999.5 parts per 1,000. 'Legal tender' means all United States coins and currency; foreign coins are not legal tender for this exemption. Items need not actually be held in an IRA.
Still taxed: Bullion below IRA fineness (it is a 'collectible'). Foreign coins that are neither IRA-grade nor U.S. legal tender (Krugerrand, pre-2013 Britannia, Austrian Corona, Mexican pesos, etc.). Foreign currency other than through a currency exchange. Jewelry and other collectibles.
This rule took effect on July 1, 2016.
What you would pay: three Indiana examples
| Purchase delivered to Indiana | Sales tax |
|---|---|
| Silver coins, $500 | Depends on purity: U.S. coins and 99.9%+ foreign coins are tax-free; pre-2013 Britannias (95.8%) are taxed |
| Gold coins, $5,000 | Depends on purity: U.S. coins and 99.5%+ foreign coins are tax-free; Krugerrands, Sovereigns and pre-2013 Britannias are taxed |
| A gold necklace, $1,000 | about $70 jewelry is taxed |
Using Indiana's 7% state rate plus the average local rate, 7% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Indiana and its neighbors
Different rules next door: Illinois (tax-free), Kentucky (tax-free), Michigan (tax-free) and Ohio (tax-free). Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Indiana
No Indiana 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).
Popular bullion delivered to Indiana
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 Indiana
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. Indiana taxes the gain as ordinary income (top rate 2.95% 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
No local sales taxes in Indiana.
Common questions about Indiana
Is gold taxed in Indiana?
Sometimes. Indiana does not tax U.S. legal-tender coins or IRA-grade bullion (gold 99.5%, silver 99.9%, platinum and palladium 99.95%), but foreign coins below those purities (for example Krugerrands, pre-2013 Britannias) and collectible foreign coins are taxable.
Is silver taxed in Indiana?
It depends on the product. Silver bars and rounds are tax-free at any amount. Silver coins depend on purity: U.S. coins and 99.9%+ foreign coins are tax-free; pre-2013 Britannias (95.8%) are taxed.
Is gold jewelry taxed in Indiana?
Yes. Jewelry is taxed like other goods in Indiana (about 7% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Indiana?
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. Indiana taxes the gain as ordinary income (top rate 2.95% 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
- IC 6-2.5-5-47 — Exemption for IRA-eligible coins and bullion and legal tender (checked October 19, 2026)
- 26 U.S.C. § 408(m)(3) — IRA collectibles exception for certain coins and bullion (incorporated by reference) (checked October 19, 2026)
- Indiana DOR Sales Tax Information Bulletin #50 (October 2023) — Sales of Coins, Bullion, or Legal Tender (with taxability matrix) (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)
- 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.