Bullion sales tax · Nevada
Nevada sales tax on gold and silver
Is gold taxed in Nevada?
Sometimes.
Nevada's law has no bullion exemption, and its tax regulation taxes bullion sold at a premium and coins sold for more than 150% of face value, so most investment purchases appear to be taxable.
No exemption in the statute; a 2011 regulation taxes bullion sold at a premium.
- Investment gold & silver
- Partly tax-free
- Order threshold
- None
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 8.24%
What's taxed in Nevada
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | Sales tax applies | Taxed like other goods in Nevada. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | Sales tax applies | Nevada's regulation (NAC 372.170(2)) taxes coins sold for more than 150% of face value as collectors' items; bullion coins sell far above face. |
| Platinum and palladium bullion (bars, rounds and coins) | Sales tax applies | Taxed like other goods in Nevada. |
| Rare and graded (numismatic) coins | Sales tax applies | Taxed like other goods in Nevada. |
| Jewelry | Sales tax applies | Taxed like other goods in Nevada. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Nevada. |
The rule, in plain English
Nevada's law has no bullion exemption, and its tax regulation taxes bullion sold at a premium and coins sold for more than 150% of face value, so most investment purchases appear to be taxable.
What counts: NAC 372.170 (Tax Comm'n Ruling No. 74, eff. 1973-09-07; amended by R154-10, eff. 2011-05-05). (1) Tax applies to coins sold at a premium for purposes other than use as a medium of exchange. (2) A price more than 50% over face value means collectors' item, taxable; at or below means money, not taxable; coins not currently accepted as money are taxable. (3) Gaming-establishment rule. (4) 'The tax applies to sales of bullion at a premium price for purposes other than use as a medium of exchange. The tax does not apply to sales of bullion, even though sold at a premium price, if the purpose of the use of the bullion is as a medium of exchange.' There is no purity test and no dollar threshold. NRS chapter 372 has no bullion or coin exemption (NRS 372.316 is manufactured homes, not bullion).
Still taxed: Bullion sold at a premium for investment or any purpose other than use as a medium of exchange. Coins sold for more than 150% of face value. Coins no longer accepted as money. Jewelry, accessories and collectibles.
This rule took effect on May 5, 2011.
What you would pay: three Nevada examples
| Purchase delivered to Nevada | Sales tax |
|---|---|
| Silver coins, $500 | about $41 taxed like other goods |
| Gold coins, $5,000 | about $412 taxed like other goods |
| A gold necklace, $1,000 | about $82 jewelry is taxed |
Using Nevada's 6.85% state rate plus the average local rate, 8.24% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Nevada
AB 359 (2025) died without further action. It would have asked voters at the November 3, 2026 general election to exempt certain coins, currency and bullion from 2027-01-01 to 2050. Nothing is on the 2026 ballot. Source
Nevada and its neighbors
- Arizona Tax-free
- California Tax-free on orders $2,000 or more
- Idaho Tax-free
- Oregon No sales tax
- Utah Tax-free
Different rules next door: Arizona (tax-free), California (tax-free on orders $2,000 or more), Idaho (tax-free), Oregon (no sales tax) and Utah (tax-free). Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Nevada
No Nevada sales tax is added at our checkout. For questions about use tax, ask a tax professional.
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 Nevada: 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 Nevada
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. Nevada has no personal income tax, so the state doesn't tax the gain.
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
Nevada's combined rate (state 2%, Local School Support Tax and county options) is collected on one base. NAC 372.170 interprets chapter 372. I did not verify the parallel chapter 374 (LSST) regulations, but the Department administers them identically.
Common questions about Nevada
Is gold taxed in Nevada?
Sometimes. Nevada's law has no bullion exemption, and its tax regulation taxes bullion sold at a premium and coins sold for more than 150% of face value, so most investment purchases appear to be taxable.
Is silver taxed in Nevada?
Yes. Nevada taxes silver bars, rounds and coins.
Is gold jewelry taxed in Nevada?
Yes. Jewelry is taxed like other goods in Nevada (about 8.24% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Nevada?
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. Nevada has no personal income tax, so the state doesn't tax the gain.
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
- NAC 372.170 — Coins and stamps; bullion (checked October 19, 2026)
- NRS ch. 372 (no bullion exemption) — Sales and Use Taxes (checked October 19, 2026)
- LCB File R154-10 (2011) — Adopted regulation amending NAC 372.170 (bullion) (checked October 19, 2026)
- LCB File R108-11 (2011 proposal, not adopted) — Proposed affidavit presumption for medium-of-exchange bullion purchases (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)
- 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.