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 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.
