Virginia Sales Tax on Bullion
Sometimes — In Virginia, qualifying bullion and coin orders are tax-free if your order total is at least $1,000. Smaller orders, jewelry, and collectibles are taxed normally.
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 | Depends on the order | Tax-free if your order total is at least $1,000 and the items qualify. Smaller orders are taxed. |
| Bullion Coins | Depends on the order | Tax-free if your order total is at least $1,000 and the items qualify. Smaller orders are taxed. |
| Bullion Rounds | Depends on the order | Tax-free if your order total is at least $1,000 and the items qualify. Smaller orders are taxed. |
| Legal-Tender Coins | Depends on the order | Tax-free if your order total is at least $1,000 and the items qualify. Smaller orders are taxed. |
| Numismatic Coins | Depends on the order | Tax-free if your order total is at least $1,000 and the items qualify. Smaller orders are taxed. |
| Jewelry | Sales tax applies | Standard Virginia sales tax applies at checkout. |
| Industrial Precious Metal | Sales tax applies | Standard Virginia sales tax applies at checkout. |
| Collectibles (Non-Coin) | Sales tax applies | Standard Virginia sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Virginia sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Virginia sales tax applies at checkout. |
- What's covered by the exemption
- Gold, silver, and platinum bullion and legal-tender coins — on orders of $1,000+. The current rule is scheduled to sunset on June 30, 2026 unless renewed.
- How they decide what counts as bullion
- Order has to total $1,000 or more, the metal must be at least 90% pure, and the price has to be based on weight and purity — not rarity. Rule extended through June 30, 2026; verify before relying on it.
- What's NOT covered
- Orders under $1,000, items under 90% purity, jewelry, artwork, and rarity-priced collectibles.
Common questions about sales tax on gold and silver in Virginia.
Is gold or silver bullion taxable in Virginia?
It depends on the transaction. Virginia’s guidance indicates the sale can be exempt only if the invoice is at least $1,000 and the item is qualifying bullion.
What is Virginia’s threshold for tax-free bullion purchases?
Virginia’s guidance uses a $1,000 minimum invoice threshold for the exemption on qualifying bullion and legal-tender coins.
What bullion qualifies for the Virginia exemption?
State guidance references items that are at least 90% precious metal with value based on mass and purity, and it applies to qualifying bullion and legal-tender coins.
Are numismatic or collector coins exempt in Virginia?
Not always. They may be exempt only if they qualify under Virginia’s bullion/legal-tender guidance and the invoice meets the $1,000 threshold.
Is jewelry taxed in Virginia?
Yes. Jewelry is taxable under Virginia’s sales tax rules.