Is gold bullion taxable in New Mexico?

Yes. New Mexico generally applies Gross Receipts Tax (GRT) to bullion sales with no bullion-specific deduction confirmed as of 03/12/2026.

Are silver coins taxed under New Mexico GRT?

Yes. Coins are treated as taxable in New Mexico unless and until a specific deduction is enacted and implemented.

No. Numismatic coins are listed as taxable under New Mexico’s current treatment.

Yes. Jewelry is taxable in New Mexico.

All states

Taxable

What this means for you

In New Mexico, sales tax applies to bullion, coins, jewelry, and accessories — just like other goods.

Bullion treatment Taxed like other goods

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	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Bullion Coins	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Bullion Rounds	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Legal-Tender Coins	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Numismatic Coins	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Jewelry	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Industrial Precious Metal	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Collectibles (Non-Coin)	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Paper Currency	Sales tax applies	Standard New Mexico sales tax applies at checkout.
Accessories	Sales tax applies	Standard New Mexico sales tax applies at checkout.