Wisconsin Precious Metals Sales Tax
What Precious Metals Are Taxed in Wisconsin?
Sales Tax on Precious Metals (Coins and Bars) in Wisconsin
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Wisconsin, here is the most current information regarding sales tax.
Does Wisconsin Charge Sales Tax on Precious Metal Coins and Bars?
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Wisconsin does NOT charge state sales tax on qualifying precious metal bullion.
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The exemption, effective March 23, 2024, covers coins, bars, rounds, or sheets containing at least 35% gold, silver, copper, platinum, or palladium.
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To qualify, items must be:
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In the form of a coin, bar, round, or sheet,
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Contain at least 35% precious metal,
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Marked with weight, purity, and content, or minted by a government authority on the basis of weight, purity, and content,
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Not jewelry, art, scrap, electronics, or other non-bullion products.
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Purchasers must provide a completed exemption certificate to the seller for tax-free purchases.
Wisconsin Precious Metals Sales Tax Table
| Product Type | State Sales Tax | Local Tax Possible | Notes |
|---|---|---|---|
| Qualifying bullion (coins, bars, rounds, sheets; ≥35% precious metal) | Exempt | No | Must meet form, content, and marking requirements; effective March 23, 2024 |
| Non-qualifying items (jewelry, art, scrap, electronics, etc.) | Taxable | Yes | Exemption does not apply to these items |
| Collector coins (not meeting bullion criteria) | Taxable | Yes | Coins sold as collector’s items may still be taxable6 |
Recent Legislative Developments
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Assembly Bill 29 and Senate Bill 33, signed into law in March 2024, ended the state sales tax on precious metal bullion, making Wisconsin the 44th state to enact such an exemption.
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The exemption aligns Wisconsin with neighboring states and aims to support investors and collectors by removing a key cost barrier.
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Wisconsin may change without notice. This page provides general guidance only. Please consult the Wisconsin 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 Wisconsin, qualifying bullion is now tax-free at both the state and local levels. Always verify your specific products and stay updated with the Wisconsin 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.
