Michigan Sales Tax on Bullion
No — Investment bullion and most precious-metal coins are exempt from sales tax in Michigan. Jewelry, collectibles, and accessories are still taxed at the standard rate.
Here's how each kind of item is treated in this state. Tap a row to read the plain-English note.
| What you're buying | Sales tax? | What that means |
|---|---|---|
| Bullion Bars | No sales tax | You won't pay sales tax on these in Michigan. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in Michigan. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in Michigan. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in Michigan. |
| Numismatic Coins | Depends on the order | Some items in this category qualify; others are taxed. Depends on the specific product. |
| Jewelry | Sales tax applies | Standard Michigan sales tax applies at checkout. |
| Industrial Precious Metal | Ask before ordering | Tax treatment depends on the item. If you're unsure, contact us before ordering. |
| Collectibles (Non-Coin) | Sales tax applies | Standard Michigan sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Michigan sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Michigan sales tax applies at checkout. |
- What's covered by the exemption
- Gold, silver, and platinum bullion and most coins at 90% or higher purity.
- How they decide what counts as bullion
- The metal must be at least 90% pure and sold as investment bullion. Lower-purity items do not qualify.
- What's NOT covered
- Items under 90% purity, jewelry, and non-investment collectibles.
Common questions about sales tax on gold and silver in Michigan.
Is gold bullion taxable in Michigan?
Qualifying gold investment bullion is fully exempt in Michigan, while nonqualifying items can be taxable.
Are silver and platinum bullion exempt in Michigan?
Yes. Michigan exempts qualifying silver and platinum bullion as investment products.
Do Michigan bullion exemptions depend on purity?
Michigan is commonly cited as using an investment test around 90% purity for qualifying bullion/coins.
Are numismatic coins taxed in Michigan?
Numismatic treatment is conditional in Michigan; taxability can depend on whether the coin qualifies under the investment bullion/coin standards.
Is precious-metal jewelry taxable in Michigan?
Yes. Jewelry is taxable in Michigan.
