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 uses an advanced sales tax computation system to calculate the correct precious metals’ sales tax applicable to your zip code. Making your purchase the best price with the most accurate tax automatically calculated for you. Now all you need to do is figure out which precious metals you are going to buy next with Safe Haven Metal.
