Kansas Precious Metals Sales Tax
What Precious Metals Are Taxed in Kansas?
Sales Tax on Precious Metals (Coins and Bars) in Kansas
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Kansas, here is the most current information regarding sales tax.
Does Kansas Charge Sales Tax on Precious Metal Coins and Bars?
Kansas does NOT charge sales tax on precious metal coins and bullion.
As of July 1, 2019, Kansas law provides a sales tax exemption for:
All sales of gold or silver coins
All sales of palladium, platinum, gold, or silver bullion
For the purposes of this exemption, “bullion” means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or any combination thereof, where the value depends on the metal content and not the form.
This exemption is outlined in Kansas Department of Revenue Notice 19-02, which implements the provisions of House Bill 2140 and K.S.A. 79-3606(mmmm).
Summary Table: Kansas Sales Tax on Precious Metals Coins and Bars
| Product Type | Sales Tax Status | Notes |
|---|---|---|
| Bullion coins and bars | Exempt | Gold, silver, platinum, palladium |
| Legal tender coins | Exempt | Gold, silver |
Official Government Resource
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Kansas may change without notice. This page provides general guidance only. Please consult the Kansas 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 Kansas, these transactions are tax-free. Always verify your specific products and stay updated with the Kansas Department of Revenue.
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.
