Minnesota Sales Tax on Bullion
No — 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.
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.
Common questions about sales tax on gold and silver in Minnesota.
Is gold or silver bullion taxable in Minnesota?
Qualifying precious-metal bullion is fully exempt in Minnesota, typically tied to a high-purity standard.
What purity is commonly used for Minnesota’s bullion exemption?
Minnesota’s bullion exemption is commonly cited as requiring about 99.9% purity for qualifying bullion.
Are numismatic or collector coins taxed in Minnesota?
Treatment is conditional in Minnesota; collector or premium items may be taxable if they do not qualify as exempt high-purity bullion.
Are lower-purity precious-metal products taxed in Minnesota?
They can be. Minnesota exempts only high-purity bullion, so lower-purity items may fall outside the exemption.
Is precious-metal jewelry taxable in Minnesota?
Yes. Jewelry is taxable in Minnesota.