New Mexico Precious Metals Sales Tax
What Precious Metals Are Taxed in New Mexico?
Sales Tax on Precious Metals (Coins and Bars) in New Mexico
If you are buying or selling gold, silver, platinum, or palladium coins and bars in New Mexico, here is the most current information.
Does New Mexico Charge Sales Tax on Precious Metal Coins and Bars?
New Mexico imposes a Gross Receipts Tax (GRT) on sales of precious metals, including coins and bullion.
The statewide GRT rate in 2025 is 5.375%, and local jurisdictions can add additional tax, resulting in combined rates that can reach up to approximately 9.5% depending on location.
There are no exemptions for precious metals; all such sales are subject to this tax.
The GRT is functionally similar to a sales tax but is technically imposed on the seller, who typically passes the cost on to the buyer.
Official Government References Included
[New Mexico Taxation and Revenue Department – Gross Receipts Overview]
[FYI-105 Gross Receipts & Compensating Taxes – An Overview (PDF)]
Summary Table: New Mexico Sales Tax on Precious Metals Coins and Bars
| Product Type | State & Local GRT | Notes |
|---|---|---|
| Bullion coins and bars | 5.375% – 9.5% | Rate varies by location; no exemptions |
| Legal tender coins | 5.375% – 9.5% | Rate varies by location; no exemptions |
Disclaimer
Disclaimer: Tax laws and rates regarding precious metals coins and bars in New Mexico may change without notice. This page provides general guidance only. Please consult the New Mexico Taxation and Revenue Department 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 Mexico, these transactions are fully taxable under the Gross Receipts Tax. Always verify your specific products and stay updated with the New Mexico Taxation and Revenue Department.
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.
