Massachusetts Precious Metals Sales Tax
What Precious Metals Are Taxed in Massachusetts?
Sales Tax on Precious Metals (Coins and Bars) in MassachusettsÂ
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Massachusetts, here is the most current information regarding sales tax.
Does Massachusetts Charge Sales Tax on Precious Metal Coins and Bars?
Massachusetts exempts certain precious metals from sales tax if the transaction amount is $1,000 or more.
The exemption applies to:
Rare coins of numismatic value
Gold or silver bullion or coins
If the sale amount is less than $1,000, state sales tax applies.
The general sales tax rate in Massachusetts is 6.25%.
This exemption does not apply to all precious metals; for example, platinum, palladium, and some foreign coins may still be taxable regardless of the amount.
Official Government Resources
Summary Table: Massachusetts Sales Tax on Precious Metals Coins and Bars
| Product Type | Sales Tax Status | Notes |
|---|---|---|
| Gold/silver coins or bullion ≥ $1,000 | Exempt | Exemption applies per transaction |
| Gold/silver coins or bullion < $1,000 | Taxable (6.25%) | Â |
| Rare coins of numismatic value ≥ $1,000 | Exempt |  |
| Platinum, palladium, some foreign coins | Taxable (6.25%) | Not covered by exemption |
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Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Massachusetts may change without notice. This page provides general guidance only. Please consult the Massachusetts 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 Massachusetts, transactions of $1,000 or more in qualifying gold or silver products are tax-free. Always verify your specific products and stay updated with the Massachusetts 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.
