South Dakota Precious Metals Sales Tax
What Precious Metals Are Taxed in South Dakota?
Sales Tax on Precious Metals (Coins and Bars) in South Dakota
If you are buying or selling gold, silver, platinum, or palladium coins and bars in South Dakota, here is the most current information.
Does South Dakota Charge Sales Tax on Precious Metal Coins and Bars?
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Investment-grade precious metals bullion and legal tender coins are exempt from state sales tax in South Dakota.
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This exemption covers:
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Bullion coins and bars made of gold, silver, platinum, or palladium.
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Coins that are or have been legal tender in the United States or any other country.
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Items not classified as investment-grade bullion or legal tender—such as medals, tokens, or low-purity items—are subject to the statewide sales tax (4.2% to 4.5%) and any applicable local taxes, which can bring the total up to about 6%.
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South Dakota does not impose a state income tax, so there is no state capital gains tax on precious metals.
Official Government References
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South Dakota Department of Revenue – Sales & Use Tax:
https://dor.sd.gov/businesses/taxes/sales-use-tax/ -
South Dakota Legislature – House Bill 1081 (2025):
https://sdlegislature.gov/Session/Bill/25609/276153
Summary Table: South Dakota Sales Tax on Precious Metals
| Product Type | Sales Tax Status | Notes |
|---|---|---|
| Investment-grade bullion & legal tender coins | Exempt | Includes coins and bars of precious metals |
| Medals, tokens, non-investment items | Taxable | Subject to local and state sales tax |
Disclaimer
Disclaimer: Tax laws and rates regarding precious metals coins and bars in South Dakota may change without notice. This page provides general guidance only. Please consult the South Dakota Department of Revenue 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 South Dakota, investment-grade bullion and legal tender coins are exempt from state sales tax. Other items such as medals and tokens remain taxable. Always verify your specific products and stay updated with the South Dakota Department of Revenue.
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.
