Virginia Precious Metals Sales Tax
What Precious Metals Are Taxed in Virginia?
Sales Tax on Precious Metals (Coins and Bars) in Virginia
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Virginia, here is the most current information regarding sales tax.
Does Virginia Charge Sales Tax on Precious Metal Coins and Bars?
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Virginia exempts gold, silver, and platinum bullion and legal tender coins from state sales tax.
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This exemption applies to all retail purchases of these precious metals, regardless of the dollar amount.
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The exemption is currently extended through July 1, 2026.
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No state or local sales tax is collected on qualifying bullion or legal tender coins purchased in Virginia.
Virginia Precious Metals Sales Tax Table
| Product Type | State Sales Tax | Local Tax Possible | Notes |
|---|---|---|---|
| Gold, silver, platinum bullion | Exempt | No | Exemption through July 1, 2026 |
| Legal tender coins (U.S./foreign) | Exempt | No | Exemption through July 1, 2026 |
| Non-qualifying metals (e.g., palladium, jewelry, collectibles) | Taxable | Yes | Only gold, silver, and platinum bullion & legal tender coins exempt |
Recent Legislative Developments
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The exemption was set to expire in July 2025 but was extended by budget bill HB 1600 through July 1, 2026.
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House Bill 2336 has been introduced to further extend the exemption to 2032, but as of June 2025, the exemption is confirmed through mid-2026.
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Virginia may change without notice. This page provides general guidance only. Please consult the Virginia Department 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 Virginia, these transactions are tax-free at both the state and local levels for gold, silver, and platinum bullion and legal tender coins through July 1, 2026. Always verify your specific products and stay updated with the Virginia Department 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.
