Coin and Bullion Laws by State: Alabama to Georgia
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Last reviewed: October 2026. This page is general information, not legal or tax advice. Laws change, so confirm with the official source linked under each state or with a qualified tax professional.
Alabama Coin and Bullion Laws
Selling coins in Alabama? Visit our Alabama coin dealer page
Sales Tax Law:
From June 1, 2018 through May 31, 2028, Alabama exempts sales of refined gold, silver, platinum and palladium bullion, including coins, when the value is based mainly on the precious metal content. Jewelry, works of art and items whose value is mainly numismatic (collector) value are not covered by this exemption (Code of Alabama §40-23-4(a)(51); Ala. Admin. Code r. 810-6-2-.27).
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Official source: Ala. Admin. Code r. 810-6-2-.27 (Alabama Legislative Services Agency)
Alaska Coin and Bullion Laws
Selling coins in Alaska? Visit our Alaska coin dealer page
Sales Tax Law:
Alaska does not have a statewide sales and use tax; however, some local jurisdictions (cities and boroughs) impose their own local sales taxes, and their rates and exemptions vary.
Capital Gains Tax:
Alaska does not impose a state income tax on individuals, so there is no state taxation on capital gains on precious metals. Federal tax rules still apply.
Official sources: Alaska Office of the State Assessor: Alaska sales tax information | Alaska Department of Revenue, Tax Division
Arizona Coin and Bullion Laws
Selling coins in Arizona? Visit our Arizona coin dealer page
Sales Tax Law:
The sale of precious metal bullion and monetized bullion to the ultimate consumer is exempt from sales taxation in the state of Arizona.
“Monetized bullion” is defined as “coins and other forms of money that are manufactured from gold, silver, or other metals and that have been or are used as a medium of exchange in this or another state, the United States or a foreign nation.”
“Precious metal bullion” is defined as “precious metal including gold, silver, platinum, rhodium, and palladium, that has been smelted or refined so that its value depends on its contents and not on its form.
Capital Gains Tax:
Since tax year 2018, Arizona lets individuals subtract net capital gain from exchanging one kind of legal tender for another, including specie (coins with precious metal content), when figuring Arizona taxable income (A.R.S. §43-1022). This is a state subtraction only; federal capital gains rules still apply.
Official sources: A.R.S. §42-5061 (Arizona Legislature) | A.R.S. §43-1022 (Arizona Legislature)
You can also visit our page on coin shops in Phoenix.
Arkansas Coin and Bullion Laws
Selling coins in Arkansas? Visit our Arkansas coin dealer page
Sales Tax Law:
Arkansas exempts sales of coins, currency and bullion made of gold, silver, platinum or palladium from sales and use tax (Ark. Code Ann. §26-52-454, Act 1109 of 2021).
Capital Gains Tax:
Under Act 595 of 2023 (Ark. Code Ann. §4-56-106), the purchase, sale or exchange of specie (gold and silver coins and bullion) “shall not give rise to any tax liability” under Arkansas law. Federal capital gains rules still apply.
Official sources: Arkansas DFA: sales tax exemptions list (PDF) | Act 595 of 2023 (Arkansas Legislature, PDF)
California Coin and Bullion Laws
Selling coins in California? Visit our California coin dealer page
Sales Tax Law:
Under Regulation 1599 and Revenue and Taxation Code §6355, sales of monetized bullion, nonmonetized gold or silver bullion and numismatic coins are exempt from sales and use tax when the total sales price of these items in a single transaction is $2,000 or more. This threshold took effect July 1, 2023; it was $1,500 before that date. Sales under the threshold are taxable.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Official source: CDTFA Regulation 1599, Coins and Bullion
You can also visit our Los Angeles coin shop page.
Colorado Coin and Bullion Laws
Selling coins in Colorado? Visit our Colorado coin dealer page
Sales Tax Law:
Retail sales of coins and precious metal bullion are exempt from sales tax. This exemption applies to state, Regional Transportation District/Scientific and Cultural Facilities District, county and state-collected local taxes.
“Coins” is defined as “monetized bullion or other forms of money manufactured from gold, silver, platinum, palladium, or other such metals now, in the future, or heretofore designated as a medium of exchange under the laws of this state, the United States, or any foreign nation.”
“Precious metal bullion” is defined as “any precious metal, including but not limited to gold, silver, platinum, and palladium, that has been put through a process of refining and is in such a state or condition that its value depends upon its precious metal content and not its form.”
According to the Colorado Department of Revenue, coins that are or were at one time used as currency or a medium of exchange in the United States or a foreign country, such as quarters, dimes, nickels and pennies, are exempt. Numismatic items that are not coins or precious metal bullion, such as paper money, tokens, checks and wampum, are not exempt, and sales of art, jewelry and commemoratives made from coins or bullion remain taxable.
This exemption does not cover the sales taxes of home-rule cities that collect their own tax, so check with the city where the sale takes place.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Official source: Colorado Department of Revenue: Coins and Precious Metal Bullion
You can also visit our page on coin shops in Denver.
Connecticut Coin and Bullion Laws
Selling coins in Connecticut? Visit our Connecticut coin dealer page
Sales Tax Law:
Under Conn. Gen. Stat. §12-412(45), sales of rare or antique coins are exempt. Sales of gold or silver bullion, and of gold or silver legal tender of any nation traded according to its value as precious metal, are exempt only when the total value of the bullion or legal tender sold in the transaction is $1,000 or more.
Coming change: Public Act 25-168 (§444), effective July 1, 2027, removes the $1,000 minimum, adds palladium bullion and platinum, and limits the gold and silver bullion exemption to metal that is at least 90% pure.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Official sources: Conn. Gen. Stat. chapter 219, §12-412 (Connecticut General Assembly) | OLR Report 2025-R-0093 on the 2027 change (PDF)
Delaware Coin and Bullion Laws
Selling coins in Delaware? Visit our Delaware coin dealer page
Sales Tax Law:
Delaware does not impose a state or local sales tax, but does impose a gross receipts tax on the seller of goods or provider of services in the state.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Official source: Delaware Division of Revenue: Gross Receipts Taxes
Florida Coin and Bullion Laws
Selling coins in Florida? Visit our Florida coin dealer page
Sales Tax Law:
Since August 1, 2025, sales of gold, silver and platinum bullion are exempt from Florida sales and use tax regardless of the sales price. The former $500 minimum no longer applies (Florida Department of Revenue TIP 25A01-03).
Since July 1, 2026, gold and silver coins recognized as legal tender in Florida under s. 215.986, F.S. are also not taxable. These include rounds, bars, ingots and bullion coins valued for their metal content and stamped or imprinted with their weight and purity, at least 99.5% pure gold or 99.9% pure silver. Jewelry, utility items and collectibles are excluded (TIP 26A01-08).
Capital Gains Tax:
Florida does not impose a state income tax on individuals, so there is no state taxation on capital gains on precious metals. Federal tax rules still apply.
Official sources: Florida DOR TIP 25A01-03 (PDF) | Florida DOR TIP 26A01-08 (PDF)
Georgia Coin and Bullion Laws
Selling coins in Georgia? Visit our Georgia coin dealer page
Sales Tax Law:
O.C.G.A. §48-8-3(66) exempts “sales of gold, silver, or platinum bullion or any combination of such bullion,” and §48-8-3(67) exempts “sales of coins or currency or a combination of coins and currency.” In both cases the dealer must keep the documentation required by the Georgia Department of Revenue. Under current law, the coin and currency exemption in paragraph (67) is scheduled to end on December 31, 2029.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Official source: Georgia DOR Rule 560-12-2-.108 (Georgia Secretary of State)
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Last reviewed: October 2026. General information only, not legal or tax advice.
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