Louisiana Precious Metals Sales Tax
What Precious Metals Are Taxed in Louisiana?
Sales Tax on Precious Metals (Coins and Bars) in Louisiana
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Louisiana, here is the most current information regarding sales tax.
Does Louisiana Charge Sales Tax on Precious Metal Coins and Bars?
Louisiana does NOT charge state sales tax on precious metal coins and bullion.
According to Louisiana Revised Statutes § 47:301(16)(b)(ii), the sale of certain precious metals is exempt from state sales tax.
The exemption applies to:
Platinum, gold, or silver bullion (bars, ingots, or coins) valued solely on their precious metal content.
Legal tender coins made of platinum, gold, or silver, issued by any government.
Numismatic coins and jewelry are not included in this exemption.
Local Sales Taxes
Local (parish or municipal) sales taxes may still apply to precious metals transactions. Always check with your local tax authority for the most accurate information.
Official Government Resource
Summary Table: Louisiana Sales Tax on Precious Metals Coins and Bars
| Product Type | State Sales Tax | Local Sales Tax | Notes |
|---|---|---|---|
| Bullion coins and bars | Exempt | Possible | Exempt from state tax; check local rules |
| Legal tender coins | Exempt | Possible | Exempt from state tax; check local rules |
| Numismatic coins/jewelry | Taxable | Possible | Not exempt |
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Louisiana may change without notice. This page provides general guidance only. Please consult the Louisiana 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 Louisiana, state sales tax does not apply, but always verify local tax rules and stay updated with the Louisiana Department of Revenue.
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.
