West Virginia Precious Metals Sales Tax
What Precious Metals Are Taxed in West Virginia?
Sales Tax on Precious Metals (Coins and Bars) in West Virginia
If you are buying or selling gold, silver, platinum, or palladium coins and bars in West Virginia, here is the most current information regarding sales tax.
Does West Virginia Charge Sales Tax on Precious Metal Coins and Bars?
West Virginia exempts investment metal bullion and investment coins from state sales tax.
This exemption has been in effect since July 1, 2015, and applies to gold, silver, platinum, and palladium bullion and coins purchased for investment purposes.
“Investment coins” are defined as numismatic coins or legal tender (U.S. or foreign) made of precious metals and sold for more than face value for investment.
Other items—such as jewelry, accessories, processed items, and coins not meeting the investment definition—may still be subject to sales tax.
Local sales taxes may apply to non-exempt items, but not to exempt investment bullion and coins.
West Virginia Precious Metals Sales Tax Table
| Product Type | State Sales Tax | Local Tax Possible | Notes |
|---|---|---|---|
| Investment bullion (gold, silver, platinum, palladium) | Exempt | No | Exemption applies to precious metals in bar, ingot, or coin form for investment |
| Investment coins (U.S./foreign, numismatic) | Exempt | No | Must be sold for more than face value and for investment purposes |
| Jewelry, accessories, processed items | Taxable | Yes | Includes holders, tubes, jewelry, colorized coins, and non-investment collectibles |
| Non-investment coins or metals | Taxable | Yes | Coins not meeting “investment” criteria or with value not exceeding face value |
Recent Legislative Developments
As of June 2025, West Virginia continues to exempt investment metal bullion and investment coins from sales tax.
House Bill 2463, introduced in 2025, proposes to recognize gold and silver as legal tender and establish a state bullion depository. If enacted, it would further support the use of gold and silver as money and clarify that exchanges of legal tender would not trigger state tax liability.
West Virginia is one of 45+ states with a full or partial sales tax exemption on precious metals.
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in West Virginia may change without notice. This page provides general guidance only. Please consult the West Virginia State Tax Department 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 West Virginia, investment bullion and investment coins are tax-free at both the state and local levels. Always verify your specific products and stay updated with the West Virginia State Tax Department
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.
