Minnesota Precious Metals Sales Tax
What Precious Metals Are Taxed in Minnesota?
Sales Tax on Precious Metals (Coins and Bars) in Minnesota
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Minnesota, here is the most current information regarding sales tax.
Does Minnesota Charge Sales Tax on Precious Metal Coins and Bars?
Minnesota currently exempts precious metal bullion from sales tax.
Effective July 1, 2025:
The sales tax exemption will expand to include coins and currency made of gold, silver, or other metals (as well as paper currency used as legal tender).
The exemption will apply to bullion, coins, and currency, as defined by law.
Bullion is defined as bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, rhodium, or any combination, where the value depends on metal content, not form.
Coins and currency are defined as any coin or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.
The exemption does not apply to jewelry, works of art, or scrap metal.
Official Government Resources
Summary Table: Minnesota Sales Tax on Precious Metals Coins and Bars
| Product Type | Sales Tax Status (after July 1, 2025) | Notes |
|---|---|---|
| Bullion coins and bars | Exempt | Gold, silver, platinum, palladium, rhodium |
| Legal tender coins/currency | Exempt | Metal or paper, used as legal tender |
| Jewelry, art, scrap metal | Taxable | Not covered by exemption |
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Minnesota may change without notice. This page provides general guidance only. Please consult the Minnesota 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 Minnesota, these transactions will be tax-free starting July 1, 2025. Always verify your specific products and stay updated with the Minnesota 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.
