New Jersey Precious Metals Sales Tax
What Precious Metals Are Taxed in New Jersey?
Sales Tax on Precious Metals (Coins and Bars) in New Jersey
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 |
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 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.
