Bullion sales tax · Nebraska
Nebraska sales tax on gold and silver
Is gold taxed in Nebraska?
No.
Nebraska charges no sales tax on gold, silver, platinum or palladium bullion, or on any coin or paper money that is or ever was legal tender, whatever the order size.
- Investment gold & silver
- Tax-free
- Order threshold
- None
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 6.98%
What's taxed in Nebraska
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Nebraska, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No sales tax in Nebraska, whatever the order size. |
| Platinum and palladium bullion (bars, rounds and coins) | No sales tax | No sales tax in Nebraska, whatever the order size. |
| Rare and graded (numismatic) coins | Depends on the item | Depends on the coin and how it is priced; see the rule below. |
| Jewelry | Sales tax applies | Taxed like other goods in Nebraska. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Nebraska. |
The rule, in plain English
Nebraska charges no sales tax on gold, silver, platinum or palladium bullion, or on any coin or paper money that is or ever was legal tender, whatever the order size.
What counts: Neb. Rev. Stat. 77-2704.66(2): (a) 'Bullion means coins, bars, ingots, notes, leaf, foil, film, or commemorative medallions of gold, silver, platinum, or palladium, or a combination of these, for which the value depends primarily on its content and not the form'; (b) 'Currency means a coin or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.' There is no purity minimum, no premium cap and no dollar threshold.
Still taxed: Jewelry, art and fabricated items whose value depends on form rather than metal content. Non-legal-tender collectibles that are not Au/Ag/Pt/Pd bullion (for example copper rounds, or private medals sold for collector value). Accessories such as capsules, tubes and boxes.
This rule took effect on January 1, 2025.
What you would pay: three Nebraska examples
| Purchase delivered to Nebraska | Sales tax |
|---|---|
| Silver coins, $500 | $0 exempt investment bullion |
| Gold coins, $5,000 | $0 exempt investment bullion |
| A gold necklace, $1,000 | about $70 jewelry is taxed |
Using Nebraska's 5.5% state rate plus the average local rate, 6.98% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Nebraska
LB1317 sec. 83 widened 'bullion' to include coins, notes, leaf, foil and film, and changed the test to value depending 'primarily' on content. The original 2014 exemption (LB867) covered only bars, ingots and commemorative medallions. Source
Nebraska and its neighbors
- Colorado Tax-free
- Iowa Tax-free
- Kansas Tax-free
- Missouri Tax-free
- South Dakota Tax-free
- Wyoming Tax-free
All of Nebraska's neighbors treat investment bullion the same way.
Buying from Bullion Trading LLC with delivery to Nebraska
No sales tax is added at our checkout for bullion delivered to Nebraska.
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 Nebraska: 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 Nebraska
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. Nebraska lets you subtract gains on gold and silver bullion from 2025; platinum and palladium don't appear to qualify.
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
77-2704.66 exempts the transaction from 'sales and use taxes'. Nebraska local option sales taxes are generally levied on the state base, so the exemption should carry over, but I did not verify this separately.
Common questions about Nebraska
Is gold taxed in Nebraska?
No. Nebraska charges no sales tax on gold, silver, platinum or palladium bullion, or on any coin or paper money that is or ever was legal tender, whatever the order size.
Is silver taxed in Nebraska?
No. Investment silver bullion and coins are exempt from sales tax in Nebraska.
Is gold jewelry taxed in Nebraska?
Yes. Jewelry is taxed like other goods in Nebraska (about 6.98% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Nebraska?
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. Nebraska lets you subtract gains on gold and silver bullion from 2025; platinum and palladium don't appear to qualify.
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
- Neb. Rev. Stat. 77-2704.66 — Currency or bullion; exemption (checked October 19, 2026)
- Laws 2024, LB1317, sec. 83 (amending 77-2704.66) and sec. 105 (sec. 83 operative January 1, 2025) — LB1317 slip law (checked October 19, 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)
- Neb. Rev. Stat. 77-2716 and 77-2704.66 (Nebraska Legislature)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.