New Jersey Precious Metals Sales Tax
What Precious Metals Are Taxed in New Jersey?
Sales Tax on Precious Metals (Coins and Bars) in New JerseyÂ
If you are buying or selling gold, silver, platinum, or palladium coins and bars in New Jersey, here is the most current information regarding sales tax.
Does New Jersey Charge Sales Tax on Precious Metal Coins and Bars?
Effective January 1, 2025, New Jersey exempts sales tax on qualifying investment metal bullion and investment coins, but only for purchases of $1,000 or more per transaction.
The exemption applies to:
Investment metal bullion: Precious metals (gold, silver, platinum, palladium) that have been smelted or refined, where value depends on metal content and not form.
Investment coins: Numismatic coins made of gold, silver, platinum, or palladium, with a fair market value of at least $1,000 per transaction.
Purchases under $1,000 remain subject to New Jersey’s 6.625% sales tax.
The exemption does not apply to jewelry, works of art, commemorative medallions, or precious metals processed for industrial, professional, aesthetic, or artistic uses.
Summary Table: New Jersey Sales Tax on Precious Metals Coins and Bars (2025)
| Product Type | Sales Tax Status (≥$1,000) | Sales Tax Status (<$1,000) | Notes |
|---|---|---|---|
| Investment bullion (gold, silver, platinum, palladium) | Exempt | Taxable | Value must depend on metal content |
| Investment coins (numismatic, ≥$1,000) | Exempt | Taxable | Not jewelry or commemorative medallions |
| Jewelry, art, commemorative medallions | Taxable | Taxable | Not covered by exemption |
Â
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in New Jersey may change without notice. This page provides general guidance only. Please consult the New Jersey Division of Taxation 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 New Jersey, purchases of $1,000 or more in qualifying bullion or coins are tax-free starting January 1, 2025. Smaller transactions remain taxable. Always verify your specific products and stay updated with the New Jersey Division of Taxation.
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.
