Tennessee Sales Tax on Bullion
No — Investment bullion and most precious-metal coins are exempt from sales tax in Tennessee. 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 Tennessee. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in Tennessee. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in Tennessee. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in Tennessee. |
| 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 Tennessee 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 Tennessee sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Tennessee sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Tennessee sales tax applies at checkout. |
- What's covered by the exemption
- Gold, silver, platinum, palladium bullion products
- 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
- Face-to-face local rules worth reviewing, but state exemption is broad
Common questions about sales tax on gold and silver in Tennessee.
Is gold and silver bullion taxable in Tennessee?
No. Tennessee broadly exempts bullion products, including gold and silver bullion, from sales tax.
Which metals are covered by Tennessee’s bullion exemption?
The exemption applies to gold, silver, platinum, and palladium bullion products treated as bullion under Tennessee’s rules.
Are numismatic or collector coins taxed in Tennessee?
It depends. Tennessee’s exemption is for bullion products, while collector items that are not treated as bullion may still be taxable.
Is jewelry taxed in Tennessee?
Yes. Jewelry is taxable even though bullion products are exempt.