Bullion sales tax · Maryland
Maryland sales tax on gold and silver
Is gold taxed in Maryland?
Only on smaller orders.
Since July 1, 2026, Maryland exempts precious metal bullion and coins when the sale price is more than $1,000, anywhere in the state; sales of $1,000 or less are taxed at 6%.
- Investment gold & silver
- Tax-free on orders over $1,000
- Order threshold
- Over $1,000 · per transaction/invoice
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 6%
What's taxed in Maryland
| 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 over $1,000; taxed below that. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | Depends on the order | Tax-free when the purchase is over $1,000; taxed below that. |
| Platinum and palladium bullion (bars, rounds and coins) | Depends on the order | Tax-free when the purchase is over $1,000; taxed below that. |
| Rare and graded (numismatic) coins | Depends on the order | Tax-free when the purchase is over $1,000; taxed below that. |
| Jewelry | Sales tax applies | Taxed like other goods in Maryland. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Maryland. |
The rule, in plain English
Since July 1, 2026, Maryland exempts precious metal bullion and coins when the sale price is more than $1,000, anywhere in the state; sales of $1,000 or less are taxed at 6%.
What counts: Tax-Gen. 11-214.1(a): '(i) any precious metal that has gone through a refining process and is in a state or condition such that its value depends on its precious metal content and not on its form; or (ii) ... monetized bullion, coins, or other forms of money that 1. are manufactured from precious metals; and 2. are or have in the past been used as a medium of exchange under the laws of the State, the United States, or a foreign nation'. Paragraph (a)(2) excludes 'jewelry or a work of art made of precious metal bullion or coins'. There is no purity percentage. HB 500 as introduced would have inserted 'PRIMARILY' into (a)(1)(i), but that was struck by amendment, so the definition is unchanged.
“The sales and use tax does not apply to a sale of precious metal bullion or coins if the sale price is greater than $1,000.”
Still taxed: Any sale of $1,000 or less; jewelry and works of art made of bullion or coins at any price; coins of non-precious metal and paper money; accessories; fabricated items whose value depends on form.
This rule took effect on July 1, 2026.
What you would pay: three Maryland examples
| Purchase delivered to Maryland | Sales tax |
|---|---|
| Silver coins, $500 | about $30 under the $1,000 threshold |
| Gold coins, $5,000 | $0 meets the $1,000 threshold |
| A gold necklace, $1,000 | about $60 jewelry is taxed |
Using Maryland's 6% state rate plus the average local rate, 6% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Maryland
Chapters 729/730 of 2026 (HB 500/SB 309) repealed the Baltimore Convention Center condition and restored the statewide pre-2025 rule: exempt if the sale price is greater than $1,000. Amendments struck the bill's original removal of the $1,000 threshold and its 'PRIMARILY' definition change. Source
Chapter 604 of 2025 (Budget Reconciliation and Financing Act of 2025) limited the over-$1,000 exemption to sales made at the Baltimore Convention Center, so nearly all bullion sales were taxable during fiscal 2026. Before that, any sale over $1,000 was exempt statewide. Source
Maryland and its neighbors
- Delaware No sales tax
- District of Columbia Taxable
- Pennsylvania Tax-free
- Virginia Tax-free
- West Virginia Tax-free
Different rules next door: Delaware (no sales tax), District of Columbia (taxable), Pennsylvania (tax-free), Virginia (tax-free) and West Virginia (tax-free). Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Maryland
Our checkout applies Maryland's rule. The qualifying bullion on an order delivered to Maryland needs to total more than $1,000 to be placed online, and then no sales tax is added. For a smaller order, call 646 362 3536.
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 Maryland'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 Maryland
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. Maryland taxes gains as income and adds 2% on capital gains when federal adjusted gross income is over $350,000.
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
Maryland has no local sales tax.
Common questions about Maryland
Is gold taxed in Maryland?
Only on smaller orders. Since July 1, 2026, Maryland exempts precious metal bullion and coins when the sale price is more than $1,000, anywhere in the state; sales of $1,000 or less are taxed at 6%.
Is silver taxed in Maryland?
Only on smaller purchases: silver bullion is tax-free in Maryland when the purchase is over $1,000.
How much do I have to buy to avoid sales tax in Maryland?
The purchase has to be over $1,000 (per transaction/invoice). Below that, Maryland sales tax applies to the whole purchase.
A purchase over $1,000
Tax-free
$1,000 or less
Maryland sales tax on the whole purchase
Is gold jewelry taxed in Maryland?
Yes. Jewelry is taxed like other goods in Maryland (about 6% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Maryland?
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. Maryland taxes gains as income and adds 2% on capital gains when federal adjusted gross income is over $350,000.
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
- Md. Code, Tax-General § 11-214.1 — Sales and use tax exemption: precious metal bullion or coins (online code, enactments=true view shows the post-July-2026 text) (checked October 19, 2026)
- 2026 Md. Laws ch. 729 (HB 500) — Sales and Use Tax - Precious Metal Bullion or Coins - Exemption; approved May 26, 2026, effective July 1, 2026 (checked October 19, 2026)
- 2026 Md. Laws ch. 730 (SB 309), cross-file — Identical cross-file; bill page read (approved May 26, 2026, effective July 1, 2026); chapter PDF not separately read (checked October 19, 2026)
- Dept. of Legislative Services, Fiscal and Policy Note, SB 309 (Enrolled - Revised, May 4, 2026) — 'exempting all sales where the sales price is greater than $1,000'; describes Chapter 604 of 2025 (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)
- Technical Bulletin 58: capital gains additional tax (Comptroller of Maryland)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.