Mississippi Sales Tax on Bullion
No — Investment bullion and most precious-metal coins are exempt from sales tax in Mississippi. 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 Mississippi. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in Mississippi. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in Mississippi. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in Mississippi. |
| 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 Mississippi 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 Mississippi sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Mississippi sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Mississippi sales tax applies at checkout. |
- What's covered by the exemption
- Investment-grade precious-metal bullion and coin purchases
- How they decide what counts as bullion
- The state asks whether the item is priced for its metal value (qualifying bullion) or for rarity, design, or collector demand (taxable).
- What's NOT covered
- Jewelry, rarity-priced collectibles, paper currency held as collectible, fabricated/industrial-use precious metal, and accessories.
Common questions about sales tax on gold and silver in Mississippi.
Is investment-grade gold or silver bullion taxable in Mississippi?
No. Mississippi fully exempts investment-grade precious-metal bullion purchases from sales tax.
Are gold and silver coins exempt from sales tax in Mississippi?
Covered coin purchases that fit Mississippi’s investment bullion/coin language are exempt, while noncovered collectibles may be taxable.
Are numismatic (collectible) coins taxed in Mississippi?
They can be. Numismatic items are conditional, and coins that don’t fit the covered investment definition may be taxable.
Is jewelry taxable in Mississippi?
Yes. Precious-metal jewelry is taxable under Mississippi sales tax rules.
Do I need to verify an item qualifies under Mississippi’s newer bullion exemption?
Yes. The exemption is tied to investment-grade bullion and covered coin language, so confirm the product fits that definition.