South Dakota Sales Tax on Bullion
No — Investment bullion and most precious-metal coins are exempt from sales tax in South Dakota. 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 South Dakota. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in South Dakota. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in South Dakota. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in South Dakota. |
| 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 South Dakota 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 South Dakota sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard South Dakota sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard South Dakota sales tax applies at checkout. |
- What's covered by the exemption
- Most bullion coins and bars
- 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.
Even when the state-level rule is clear, cities or counties in this state may charge their own tax. Here's what to expect.
- Local treatment
- State-administered local taxes generally follow state rule
Common questions about sales tax on gold and silver in South Dakota.
Is gold and silver bullion exempt in South Dakota?
Yes. South Dakota exempts qualifying bullion, including most bullion coins and bars.
Are bullion coins taxed in South Dakota?
Most bullion coins are exempt when they qualify under South Dakota’s bullion treatment, but some numismatic items may be conditional.
Do local South Dakota taxes change the bullion exemption?
Generally no. South Dakota’s local taxes are state-administered and typically follow the state exemption treatment.
Is jewelry taxable in South Dakota?
Yes. Jewelry is taxable even though qualifying bullion coins and bars are exempt.