Bullion sales tax · Vermont
Vermont sales tax on gold and silver
Is gold taxed in Vermont?
Yes.
Vermont charges its 6% sales tax (plus 1% local option tax where it applies) on gold, silver, platinum and palladium bullion and coins; a 2026 bill to exempt bullion died in committee.
- Investment gold & silver
- Taxable
- Order threshold
- None
- Metals covered
- None exempt
- Jewelry
- Taxed · about 6.39%
What's taxed in Vermont
| What you're buying | Sales tax | What it means |
|---|---|---|
| Gold and silver bars and rounds | Sales tax applies | Taxed like other goods in Vermont. |
| Gold and silver bullion coins (Eagles, Maple Leafs, Krugerrands) | Sales tax applies | Taxed like other goods in Vermont. |
| Platinum and palladium bullion (bars, rounds and coins) | Sales tax applies | Taxed like other goods in Vermont. |
| Rare and graded (numismatic) coins | Sales tax applies | Taxed like other goods in Vermont. |
| Jewelry | Sales tax applies | Taxed like other goods in Vermont. |
| Medals, collectibles and accessories | Sales tax applies | Taxed like other goods in Vermont. |
The rule, in plain English
Vermont charges its 6% sales tax (plus 1% local option tax where it applies) on gold, silver, platinum and palladium bullion and coins; a 2026 bill to exempt bullion died in committee.
What counts: Not applicable (no exemption).
Still taxed: All bullion, bars, rounds, legal-tender and numismatic coins, jewelry and accessories.
What you would pay: three Vermont examples
| Purchase delivered to Vermont | Sales tax |
|---|---|
| Silver coins, $500 | about $32 taxed like other goods |
| Gold coins, $5,000 | about $320 taxed like other goods |
| A gold necklace, $1,000 | about $64 jewelry is taxed |
Using Vermont's 6% state rate plus the average local rate, 6.39% combined (Tax Foundation, January 2026). Your city or county rate may be higher or lower.
Recent changes in Vermont
H.711 (investment precious-metals exemption) was introduced and referred to House Ways and Means. It was not enacted, so no change took effect. Source
Vermont and its neighbors
- Massachusetts Tax-free on orders $1,000 or more
- New Hampshire No sales tax
- New York Tax-free on orders over $1,000
Different rules next door: Massachusetts (tax-free on orders $1,000 or more), New Hampshire (no sales tax) and New York (tax-free on orders over $1,000). Tax follows the delivery address, not where you live.
Buying from Bullion Trading LLC with delivery to Vermont
No Vermont sales tax is added at our checkout. For questions about use tax, ask a tax professional.
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).
Popular bullion delivered to Vermont
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 Vermont
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. Vermont taxes the gain as ordinary income (top rate 8.75% 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
Municipalities that have adopted the local option sales tax add 1% to sales subject to the state sales tax (24 V.S.A. § 138; I did not re-read it in this pass).
Common questions about Vermont
Is gold taxed in Vermont?
Yes. Vermont charges its 6% sales tax (plus 1% local option tax where it applies) on gold, silver, platinum and palladium bullion and coins; a 2026 bill to exempt bullion died in committee.
Is silver taxed in Vermont?
Yes. Vermont taxes silver bullion and coins like other goods.
Is gold jewelry taxed in Vermont?
Yes. Jewelry is taxed like other goods in Vermont (about 6.39% on average with local tax), even when it is made of gold, silver or platinum.
Do I pay tax when I sell gold in Vermont?
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. Vermont taxes the gain as ordinary income (top rate 8.75% 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
- 32 V.S.A. § 9741 — Sales not covered (no bullion or coin exemption) (checked October 19, 2026)
- 32 V.S.A. § 9701 — Sales and use tax definitions (checked October 19, 2026)
- H.711 (2025-2026 session) bill status — Proposed bullion exemption; died in House Ways and Means (checked October 19, 2026)
- Vermont Department of Taxes, What is Taxable and Exempt — All tangible personal property is taxable unless specifically exempted (checked October 19, 2026)
- Vermont Department of Taxes, 2026 Legislative Highlights — Lists no precious-metals change (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)
- Schedule IN-153 (2025) Capital Gain Exclusion (Vermont Department of Taxes)
- IRS Topic 409: capital gains and losses (collectibles rate)
How we research and check this guide: our method.