Oklahoma Precious Metals Sales Tax
What Precious Metals Are Taxed in Oklahoma?
Sales Tax on Precious Metals (Coins and Bars) in OklahomaÂ
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Oklahoma, here is the most current information.
Does Oklahoma Charge Sales Tax on Precious Metal Coins and Bars?
Oklahoma exempts sales of gold, silver, platinum, and palladium bullion and coins from state sales tax when sold for their value as precious metal or as an investment.
The exemption applies to:
Bullion items such as coins and bars.
Legal tender of any nation, if sold according to its value as precious metal or as an investment.
Fabricated metals, jewelry, and other collectibles are not included in this exemption and may still be taxable.
Official Government Reference
Oklahoma Tax Commission:
https://oklahoma.gov/tax.htmlOklahoma Administrative Code, Chapter 65: Sales and Use Tax Exemptions.
Summary Table: Oklahoma Sales Tax on Precious Metals Coins and Bars
| Product Type | State Sales Tax Status | Notes |
|---|---|---|
| Bullion coins and bars | Exempt | Gold, silver, platinum, palladium |
| Legal tender coins | Exempt | U.S. or foreign, if sold for metal value |
| Jewelry, collectibles | Taxable | Not covered by exemption |
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Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Oklahoma may change without notice. This page provides general guidance only. Please consult the Oklahoma Tax Commission 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 Oklahoma, these transactions are tax-free at the state level if they qualify as bullion or legal tender sold for their metal value. Always verify your specific products and stay updated with the Oklahoma Tax Commission.
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.
