Bullion sales tax · Utah
Utah sales tax on gold and silver
Is gold taxed in Utah?
No.
Utah charges no sales tax on legal-tender coins of any metal or on gold, silver or platinum bars, rounds and medallions that are at least 50% precious metal; palladium bars and rounds are taxable.
Palladium bars are taxed.
- Investment gold & silver
- Tax-free
- Order threshold
- None
- Metals covered
- Gold, silver and platinum; not palladium
- Jewelry
- Taxed · about 7.42%
What's taxed in Utah
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | No sales tax | No sales tax in Utah, whatever the order size. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | No sales tax | No sales tax in Utah, whatever the order size. |
| Platinum bars and rounds | No sales tax | No sales tax in Utah, whatever the order size. |
| Palladium bars and rounds | Sales tax applies | Utah's exemption doesn't cover palladium bars, so they are taxed. |
| Platinum and palladium coins (Eagles, Maple Leafs) | No sales tax | No sales tax in Utah, 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 Utah. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Utah. |
The rule, in plain English
Utah charges no sales tax on legal-tender coins of any metal or on gold, silver or platinum bars, rounds and medallions that are at least 50% precious metal; palladium bars and rounds are taxable.
What counts: Utah Code § 59-12-104(50): legal-tender currency or coins of a state, the US or a foreign nation. § 59-12-104(51): an ingot, bar, medallion or decorative coin that is not legal tender and has a gold, silver or platinum content of 50% or more. There is no premium or pricing test.
Still taxed: Palladium (and copper) bars and rounds; gold, silver or platinum items under 50% content; jewelry; non-legal-tender collectibles that are not ingots, bars, medallions or decorative coins; accessories.
What you would pay: three Utah examples
| Purchase delivered to Utah | Sales tax |
|---|---|
| Silver coins, $500 | $0 exempt investment bullion |
| Gold coins, $5,000 | $0 exempt investment bullion |
| A gold necklace, $1,000 | about $74 jewelry is taxed |
Using Utah's 6.1% state rate plus the average local rate, 7.42% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Utah and its neighbors
Different rules next door: Nevada (partly tax-free). Same as Utah: Arizona, Colorado, Idaho and Wyoming. Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Utah
No sales tax is added at our checkout for bullion delivered to Utah.
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 Utah: 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 Utah
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. Utah gives a credit that cancels its tax on gains from US-minted gold and silver coins; bars don't qualify.
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
Utah local sales taxes are imposed under the same chapter (59-12), so the § 59-12-104 exemptions generally apply to them too. I did not check this separately.
Common questions about Utah
Is gold taxed in Utah?
No. Utah charges no sales tax on legal-tender coins of any metal or on gold, silver or platinum bars, rounds and medallions that are at least 50% precious metal; palladium bars and rounds are taxable.
Is silver taxed in Utah?
No. Investment silver bullion and coins are exempt from sales tax in Utah.
Is gold jewelry taxed in Utah?
Yes. Jewelry is taxed like other goods in Utah (about 7.42% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Utah?
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. Utah gives a credit that cancels its tax on gains from US-minted gold and silver coins; bars don't qualify.
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
- Utah Code § 59-12-104(50), (51) — Same text, read via FindLaw (checked October 19, 2026)
- Utah Code § 59-12-104(50), (51) — Sales and use tax exemptions (official site; unreachable from this environment on 2026-10-19) (checked October 19, 2026)
- Utah Code § 59-12-104 (official, version effective 2026-01-01) — Official Utah Legislature code page (unreachable) (coins by metal; checked October 21, 2026)
- 2026 Utah General Session, 1st Sub. H.B. 537 (Olympic Ticket Sales Tax Exemption), lines 417-427, reprinting § 59-12-104 'as last amended by Laws of Utah 2025, First Special Session, Chapter 17' — Bill text confirming current numbering of (50) and (51); adds (102), effective January 1, 2028 (coins by metal; checked October 21, 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)
- Gold and silver coin sale credit (TC-40A Part 3, code 26) (Utah State Tax Commission)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.