Bullion sales tax · Michigan
Michigan sales tax on gold and silver
Is gold taxed in Michigan?
No.
Michigan exempts gold, silver and platinum bullion of at least 90% purity, and government-issued coins worth more than face value (including palladium and numismatic coins), with no minimum; palladium bars and rounds are taxed.
Palladium bars are taxed.
- Investment gold & silver
- Tax-free
- Order threshold
- None
- Metals covered
- Gold, silver and platinum; not palladium
- Jewelry
- Taxed · about 6%
What's taxed in Michigan
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Michigan, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No sales tax in Michigan, whatever the order size. |
| Platinum bars and rounds | No sales tax | No sales tax in Michigan, whatever the order size. |
| Palladium bars and rounds | Sales tax applies | Michigan's exemption doesn't cover palladium bars, so they are taxed. |
| Platinum and palladium coins (Eagles, Maple Leafs) | No sales tax | No sales tax in Michigan, whatever the order size. |
| Rare and graded (numismatic) coins | No sales tax | No sales tax in Michigan, whatever the order size. |
| Jewelry | Sales tax applies | Taxed like other goods in Michigan. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Michigan. |
The rule, in plain English
Michigan exempts gold, silver and platinum bullion of at least 90% purity, and government-issued coins worth more than face value (including palladium and numismatic coins), with no minimum; palladium bars and rounds are taxed.
What counts: MCL 205.54s(2) / 205.94u(2): "'Bullion' means gold, silver, or platinum in a bulk state, where its value depends on its content rather than its form, with a purity of not less than 900 parts per 1,000." "'Investment coins' means numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium, or other metal and issued by the United States government or a foreign government with a fair market value greater than the face value of the coins.".
Still taxed: Palladium bars and rounds; gold, silver or platinum bullion below 90% purity; private-mint medals or tokens that are not bullion; paper money (not 'manufactured of ... metal'); jewelry, art and accessories.
What you would pay: three Michigan examples
| Purchase delivered to Michigan | 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 Michigan'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.
Michigan and its neighbors
Different rules next door: Indiana (partly tax-free). Same as Michigan: Ohio and Wisconsin. Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Michigan
No sales tax is added at our checkout for bullion delivered to Michigan.
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 Michigan: 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 Michigan
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. Michigan taxes the gain as ordinary income (top rate 4.25% 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
Michigan has no local sales tax.
Common questions about Michigan
Is gold taxed in Michigan?
No. Michigan exempts gold, silver and platinum bullion of at least 90% purity, and government-issued coins worth more than face value (including palladium and numismatic coins), with no minimum; palladium bars and rounds are taxed.
Is silver taxed in Michigan?
No. Investment silver bullion and coins are exempt from sales tax in Michigan.
Is gold jewelry taxed in Michigan?
Yes. Jewelry is taxed like other goods in Michigan (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 Michigan?
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. Michigan taxes the gain as ordinary income (top rate 4.25% 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
- MCL 205.54s — Sale of investment coins and bullion exempt; definitions (legislature.mi.gov refused connections; text seen in search snippets of the Legislature's own page, compiled through 2025 PA 14) (checked October 19, 2026)
- MCL 205.94u (Use Tax Act § 4u) — Use tax does not apply to investment coins and bullion beginning July 7, 1999; same definitions (search snippet only) (checked October 19, 2026)
- MCL 205.94u(1), (2) (Use Tax Act § 4u) — Storage, use, or consumption of investment coins and bullion (official page read via Internet Archive snapshot of 2026-01-10, 'Complete Through PA 38 of 2025') (coins by metal; checked October 21, 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.