Utah Sales Tax on Bullion
No — Investment bullion and most precious-metal coins are exempt from sales tax in Utah. 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 Utah. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in Utah. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in Utah. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in Utah. |
| 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 Utah 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 Utah sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Utah sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Utah sales tax applies at checkout. |
- What's covered by the exemption
- Gold, silver, and other precious-metal bullion; legal-tender coins
- 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.
Common questions about sales tax on gold and silver in Utah.
Is bullion taxable in Utah?
No. Utah exempts qualifying precious-metal bullion from sales tax under its investment-grade treatment.
Are legal-tender gold and silver coins taxed in Utah?
No. Legal-tender coins covered by Utah’s rules are treated as exempt.
Do I pay sales tax on numismatic coins in Utah?
Sometimes. Utah’s exemption focuses on qualifying bullion and legal-tender coins, so nonqualifying collectibles can be taxable.
Is precious-metal jewelry taxed in Utah?
Yes. Jewelry is taxable even if it is made of gold or silver.
