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 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.
