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MN
Sales Tax on Bullion in Minnesota
What this means for you
Investment bullion and most precious-metal coins are exempt from sales tax in Minnesota. Jewelry, collectibles, and accessories are still taxed at the standard rate.
Bullion treatment
Tax-free
Qualifying investment bullion is exempt.
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 Minnesota. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in Minnesota. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in Minnesota. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in Minnesota. |
| 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 Minnesota 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 Minnesota sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Minnesota sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Minnesota sales tax applies at checkout. |
- What's covered by the exemption
- High-purity precious-metal bullion (99.9%+). Common 90% silver coins ("junk silver") usually do not qualify.
- How they decide what counts as bullion
- The metal must be 99.9% pure or higher. Common 90% silver coins typically fail this test.
- What's NOT covered
- Lower-purity bullion (like 90% silver "junk" coins), jewelry, and most collectible-priced items.
