Wisconsin Sales Tax on Bullion
No — Investment bullion and most precious-metal coins are exempt from sales tax in Wisconsin. 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 Wisconsin. |
| Bullion Coins | No sales tax | You won't pay sales tax on these in Wisconsin. |
| Bullion Rounds | No sales tax | You won't pay sales tax on these in Wisconsin. |
| Legal-Tender Coins | No sales tax | You won't pay sales tax on these in Wisconsin. |
| 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 Wisconsin 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 Wisconsin sales tax applies at checkout. |
| Paper Currency | Sales tax applies | Standard Wisconsin sales tax applies at checkout. |
| Accessories | Sales tax applies | Standard Wisconsin sales tax applies at checkout. |
- What's covered by the exemption
- Coins, bars, rounds, and sheets containing at least 35% precious metal.
- How they decide what counts as bullion
- The product must contain at least 35% precious metal and be in a typical bullion form (coin, bar, round, or sheet).
- What's NOT covered
- Collector coins below the 35% precious-metal threshold, jewelry, and accessories.
Common questions about sales tax on gold and silver in Wisconsin.
Is gold and silver bullion taxable in Wisconsin?
No. Wisconsin fully exempts qualifying bullion products from sales tax when they meet the state’s bullion definition.
What bullion products are covered by Wisconsin’s exemption?
The exemption covers coins, bars, rounds, sheets, and similar bullion products that qualify under the state rule.
Does Wisconsin require a minimum precious-metal content for tax-free bullion?
Yes. Under the newer law, the product must be at least 35% precious metal to qualify as exempt bullion.
Are numismatic (collector) coins taxed in Wisconsin?
It depends. Numismatic items are treated conditionally and may be taxed if they fall outside Wisconsin’s bullion definition.
Is jewelry sales-tax exempt in Wisconsin?
No. Jewelry is taxable in Wisconsin even though qualifying bullion is exempt.