Indiana Precious Metals Sales Tax
What Precious Metals Are Taxed in Indiana?
Sales Tax on Precious Metals (Coins and Bars) in Indiana
Are you looking to buy or sell gold, silver, platinum, or palladium coins and bars in Indiana? Here’s the latest on state sales tax rules for bullion and coins.
Does Indiana Charge Sales Tax on Precious Metal Coins and Bars?
Indiana generally imposes a 7% state sales tax on precious metal coins and bullion bars.
Exemptions:
U.S. legal tender coins are exempt from sales tax, regardless of purity.
Bullion that qualifies as a permitted IRA investment under IRS rules is also exempt from sales tax.
Taxable products:
Numismatic coins, copper bullion, low-purity bullion (gold below .995, silver below .999, platinum/palladium below .9995), accessories, and processed bullion are taxable.
Coins or bars not meeting exemption criteria are subject to the standard 7% sales tax.
No additional local sales tax applies beyond the statewide rate.
Summary Table: Indiana Sales Tax on Precious Metals Coins and Bars
| Product Type | Sales Tax Status | Notes |
|---|---|---|
| U.S. legal tender coins | Exempt | Regardless of purity |
| IRA-eligible bullion | Exempt | Must meet IRS purity requirements |
| Numismatic coins | Taxable | |
| Low-purity bullion | Taxable | Gold < .995, Silver < .999, etc. |
| Accessories/processed bullion | Taxable |
Official Government Resource
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Indiana may change without notice. This page provides general guidance only. Please consult the Indiana Department of Revenue or a qualified tax professional for the most current and accurate information before making any precious metals transactions.
If you want to buy or sell precious metal coins and bars in Indiana, check if your products qualify for exemption and always refer to the Indiana Department of Revenue for the latest updates.
Sales tax is assessed according to where one is shipping the purchase to.
Safe Haven Metal utilizes an advanced sales tax computation system to determine the applicable sales tax on precious metals transactions based on the purchaser’s ZIP code. This system is designed to ensure that the most accurate pricing and corresponding tax calculations are applied to each order.
However, Safe Haven Metal may not have an established economic nexus in every state or jurisdiction. In instances where Safe Haven Metal is not obligated to collect sales tax, and such tax is nonetheless applicable under state or local law, the purchaser is solely responsible for reporting, remitting, and paying any such taxes directly to the appropriate taxing authority.
Safe Haven Metal disclaims any liability for a purchaser’s failure to properly report or remit taxes that may be due in connection with their purchase.
