Tennessee Precious Metals Tax
What Precious Metals Are Taxed in Tennessee?
Sales Tax on Precious Metals (Coins and Bars) in Tennessee
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Tennessee, here is the most current information.
Does Tennessee Charge Sales Tax on Precious Metal Coins and Bars?
Tennessee does NOT charge sales or use tax on coins, currency, or bullion made of gold, silver, platinum, palladium, or other precious metals.
This exemption applies to:
Coins, currency, and bullion manufactured in whole or in part from precious metals.
Items used solely as legal tender, security, or commodity in Tennessee, the United States, or any foreign nation.
Items sold primarily for their intrinsic value as precious material or collectible items, not for their face value as a medium of exchange.
The exemption applies statewide, regardless of local tax rates.
Official Government Reference
Tennessee Department of Revenue – SUT-121: Bullion or Precious Metal Coins
https://revenue.support.tn.gov/hc/en-us/articles/360058685571-SUT-121-Bullion-or-Precious-Metal-Coins
Summary Table: Tennessee Sales Tax on Precious Metals
| Product Type | Sales Tax Status | Notes |
|---|---|---|
| Coins, currency, bullion (precious metals) | Exempt | Gold, silver, platinum, palladium, etc. |
| Accessories, processed items | Taxable | Holders, tubes, jewelry, colorized coins, etc. |
Disclaimer
Disclaimer: Tax laws and rates regarding precious metals coins and bars in Tennessee may change without notice. This page provides general guidance only. Please consult the Tennessee 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 Tennessee, these transactions are tax-free at the state level if they qualify as coins, currency, or bullion. Accessories and processed items may still be taxable. Always verify your specific products and stay updated with the Tennessee Department of Revenue.
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.
