Bullion sales tax · Ohio
Ohio sales tax on gold and silver
Is gold taxed in Ohio?
No.
Ohio charges no sales tax on gold, silver, platinum or palladium bullion that meets exchange-grade purity, or on coins made mostly (more than 50%) of those metals.
- Investment gold & silver
- Tax-free
- Order threshold
- None
- Metals covered
- Gold, silver, platinum and palladium
- Jewelry
- Taxed · about 7.29%
What's taxed in Ohio
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Ohio, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No sales tax in Ohio, whatever the order size. |
| Platinum and palladium bullion (bars, rounds and coins) | No sales tax | No sales tax in Ohio, 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 Ohio. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Ohio. |
The rule, in plain English
Ohio charges no sales tax on gold, silver, platinum or palladium bullion that meets exchange-grade purity, or on coins made mostly (more than 50%) of those metals.
What counts: "Investment metal bullion" means any bullion described in IRC section 408(m)(3)(B) (gold, silver, platinum or palladium bullion at or above the minimum fineness a contract market requires for delivery), whether or not a trustee holds it. "Investment coin" means any coin composed primarily of gold, silver, platinum or palladium. The Department's FAQ reads "primarily" as more than 50%.
Still taxed: Jewelry; bars and rounds below the fineness standard (for example sterling .925 silver); coins that are 50% precious metal or less (40% silver halves, war nickels, copper or clad numismatics); paper money; holders, tubes and other accessories; non-coin collectibles.
This rule took effect on October 1, 2021.
What you would pay: three Ohio examples
| Purchase delivered to Ohio | Sales tax |
|---|---|
| Silver coins, $500 | $0 exempt investment bullion |
| Gold coins, $5,000 | $0 exempt investment bullion |
| A gold necklace, $1,000 | about $73 jewelry is taxed |
Using Ohio's 5.75% state rate plus the average local rate, 7.29% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Ohio
Ohio and its neighbors
- Indiana Partly tax-free
- Kentucky Tax-free
- Michigan Tax-free
- Pennsylvania Tax-free
- West Virginia Tax-free
Different rules next door: Indiana (partly tax-free). Same as Ohio: Kentucky, Michigan, Pennsylvania and West Virginia. Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Ohio
Our checkout applies Ohio's rule, so no sales tax is added to investment bullion delivered there.
Ohio exempts bars and rounds only at investment purity. Those items can't be checked out online for delivery to Ohio; call 646 362 3536 to arrange the order.
Ohio exempts coins only if they are more than 50% precious metal. Those items can't be checked out online for delivery to Ohio; call 646 362 3536 to arrange the order.
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 Ohio: 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 Ohio
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. Ohio taxes the gain as ordinary income (top rate 2.75% in 2026).
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
County and transit permissive sales taxes are levied on the same sales as the state tax, so the exemption also applies to them. This is inferred from how the taxes are structured; no source states it specifically for bullion.
Common questions about Ohio
Is gold taxed in Ohio?
No. Ohio charges no sales tax on gold, silver, platinum or palladium bullion that meets exchange-grade purity, or on coins made mostly (more than 50%) of those metals.
Is silver taxed in Ohio?
No. Investment silver bullion and coins are exempt from sales tax in Ohio.
Is gold jewelry taxed in Ohio?
Yes. Jewelry is taxed like other goods in Ohio (about 7.29% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Ohio?
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. Ohio taxes the gain as ordinary income (top rate 2.75% in 2026).
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
- Ohio Rev. Code § 5739.02(B)(57) — Sales tax exemption for investment metal bullion and investment coins (checked October 19, 2026)
- Ohio Dept. of Taxation, Sales and Use FAQ: Applying the Tax (Precious Metals for Investment) — Purity standards (.995/.999/.9995) and the more-than-50% coin rule, effective October 1, 2021 (checked October 19, 2026)
- Ohio Dept. of Taxation, Tax Expenditure Report FY2026-2027, item 1.38 — Sales of investment bullion and coins: R.C. 5739.02(B)(57); enacted 1989, repealed 2005, reenacted 2013, repealed 2019, reenacted 2021 (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.