Maryland Precious Metals Sales Tax
What Precious Metals Are Taxed in Maryland?
Sales Tax on Precious Metals (Coins and Bars) in Maryland
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Maryland, here is the most current information regarding sales tax.
Does Maryland Charge Sales Tax on Precious Metal Coins and Bars?
Effective July 1, 2025, Maryland will charge a 6% state sales tax on most precious metal coins and bullion transactions.
Exception: The only exemption after July 1, 2025, applies to purchases of precious metal bullion or coins made at the Baltimore Convention Center.
Background:
Previously, Maryland exempted sales of precious metal bullion or coins when the sale price exceeded $1,000.
House Bill 352, signed into law on May 20, 2025, repeals this exemption except for sales occurring at the Baltimore Convention Center.
Summary Table: Maryland Sales Tax on Precious Metals Coins and Bars (as of July 1, 2025)
| Product Type | State Sales Tax | Notes |
|---|---|---|
| Bullion coins and bars | 6% | Exempt only if purchased at Baltimore Convention Center |
| Legal tender coins | 6% | Exempt only if purchased at Baltimore Convention Center |
| Numismatic coins/jewelry | 6% | No exemption |
Official Government Resources
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Maryland may change without notice. This page provides general guidance only. Please consult the Maryland Comptroller 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 Maryland, be aware that, starting July 1, 2025, state sales tax applies unless your purchase is made at the Baltimore Convention Center. Always verify your specific products and stay updated with the Maryland Comptroller.
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.
