Rhode Island Precious Metals Sales Tax

What Precious Metals Are Taxed in Rhode Island?

Sales Tax on Precious Metals (Coins and Bars) in Rhode Island

If you are buying or selling gold, silver, platinum, or palladium coins and bars in Rhode Island, here is the most current information.

Does Rhode Island Charge Sales Tax on Precious Metal Coins and Bars?

  • Rhode Island does NOT levy sales tax on silver or gold bullion, legal tender, and non-legal tender coins.

  • The state sales tax rate is 7%, but this does not apply to investment-grade precious metals bullion and coins.

  • Taxable items include:

    • Paper currency, medals, tokens, and rounds that do not qualify as common precious metal bullion.

    • Accessories such as holders, tubes, or coin flips.

    • Processed items valued beyond their precious metal content, such as jewelry, statues, or colorized coins.

  • Rhode Island does not allow local jurisdictions to impose additional sales taxes, so the rate is consistent statewide.

Official Government Reference

Summary Table: Rhode Island Sales Tax on Precious Metals 

Product Type Sales Tax Status Notes
Investment-grade bullion and coins Exempt Includes legal and non-legal tender bullion, bars
Paper currency, medals, tokens, etc. Taxable Not considered bullion
Accessories and processed items Taxable Holders, tubes, jewelry, colorized coins, etc.
 

Disclaimer

Disclaimer: Tax laws and rates regarding precious metals in Rhode Island may change without notice. This page provides general guidance only. Please consult the Rhode Island 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 Rhode Island, investment-grade bullion and qualifying coins are tax-free. Other products such as paper currency, accessories, and processed items remain taxable. Always verify your specific products and stay updated with the Rhode Island 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.

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