US Tax Summary (States N-Z) | MintedMarket

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U.S. Tax Summary

States N-Z

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia

Wisconsin

Wyoming

Nebraska Taxes

Gold
  • Bullion defined as bars, ingots of gold, silver, platinum, palladium, or a combination of which the value depends on content and not form: Exempt
  • Currency defined as coin or currency made of gold, silver, or other metal which is or has been used as legal tender: Exempt
Silver
  • Bullion defined as bars, ingots of gold, silver, platinum, palladium, or a combination of which the value depends on content and not form: Exempt
  • Currency defined as coin or currency made of gold, silver, or other metal which is or has been used as legal tender: Exempt
Platinum
  • Bullion defined as bars, ingots of gold, silver, platinum, palladium, or a combination of which the value depends on content and not form: Exempt
  • Currency defined as coin or currency made of gold, silver, or other metal which is or has been used as legal tender: Exempt
Palladium
  • Bullion defined as bars, ingots of gold, silver, platinum, palladium, or a combination of which the value depends on content and not form: Exempt
  • Currency defined as coin or currency made of gold, silver, or other metal which is or has been used as legal tender: Exempt

Nevada Taxes

Gold
  • Coins to be used as a medium of exchange; sales price less than 50% over face value; must be currently acceptable as money: Exempt
  • Bullion used as a medium of exchange: Exempt
Silver
  • Coins to be used as a medium of exchange; sales price less than 50% over face value; must be currently acceptable as money: Exempt
  • Bullion used as a medium of exchange: Exempt
Platinum
  • Coins to be used as a medium of exchange; sales price less than 50% over face value; must be currently acceptable as money: Exempt
  • Bullion used as a medium of exchange: Exempt
Palladium
  • Coins to be used as a medium of exchange; sales price less than 50% over face value; must be currently acceptable as money: Exempt
  • Bullion used as a medium of exchange: Exempt

New Hampshire Taxes

Gold
  • No state sales tax
Silver
  • No state sales tax
Platinum
  • No state sales tax
Palladium
  • No state sales tax

New Jersey Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

New Mexico Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

New York Taxes

Gold
  • Gold Krugerrands: Taxable
  • Gold Coins 1/4 oz or smaller: Taxable if Price is 120% more than Face Value OR if Price is 120% more than market price AND Price is less than or equal to $1000
  • Gold Coins 1/4 oz or larger: Taxable if Price is 115% more than Face Value OR if Price is 115% more than market price AND Price is less than or equal to $1000
  • Gold Bullion: Taxable if Price is 115%  than market price AND Price is less than or equal to $1000
Silver
  • Silver Krugerrands: Taxable
  • Silver Coins: Taxable if Price is 120% more than Face Value OR if Price is 120% more than market price AND Price is less than or equal to $1000
  • Silver Bullion: Taxable if Price is 115%  than market price AND Price is less than or equal to $1000
Platinum
  • Platinum Krugerrands: Taxable
  • Platinum Coins: Taxable if Price is 115% more than Face Value OR if Price is 120% more than market price AND Price is less than or equal to $1000
  • Platinum  Bullion: Taxable if Price is 115%  than market price AND Price is less than or equal to $1000
Palladium
  • Palladium Krugerrands: Taxable
  • Palladium Coins: Taxable if Price is 115% more than Face Value OR if Price is 120% more than market price AND Price is less than or equal to $1000
  • Palladium Bullion: Taxable if Price is 115%  than market price AND Price is less than or equal to $1000

North Carolina Taxes

Gold
  • Numismatic coins and other legal tender metal items of the US or foreign nations, valued at more than face value: Exempt
  • Refined bullion bars sold for investment and sold according to precious metal content and not form: Exempt
Silver
  • Numismatic coins and other legal tender metal items of the US or foreign nations, valued at more than face value: Exempt
  • Refined bullion bars sold for investment and sold according to precious metal content and not form: Exempt
Platinum
  • Numismatic coins and other legal tender metal items of the US or foreign nations, valued at more than face value: Exempt
  • Refined bullion bars sold for investment and sold according to precious metal content and not form: Exempt
Palladium
  • Numismatic coins and other legal tender metal items of the US or foreign nations, valued at more than face value: Exempt
  • Refined bullion bars sold for investment and sold according to precious metal content and not form: Exempt

North Dakota Taxes

Gold
  • Bullion refined to a purity not less than 0.999 fine and sold according to precious metal content and not form: Exempt
  • Legal Tender Coins: Exempt
Silver
  • Bullion refined to a purity not less than 0.999 fine and sold according to precious metal content and not form: Exempt
  • Legal Tender Coins: Exempt
Platinum
  • Bullion refined to a purity not less than 0.999 fine and sold according to precious metal content and not form: Exempt
  • Legal Tender Coins: Exempt
Palladium
  • Bullion refined to a purity not less than 0.999 fine and sold according to precious metal content and not form: Exempt
  • Legal Tender Coins: Exempt

Ohio Taxes

Gold
  • Investment coins & bullion: Exempt
Silver
  • Investment coins & bullion: Exempt
Platinum
  • Investment coins & bullion: Exempt
Palladium
  • Investment coins & bullion: Exempt

Oklahoma Taxes

Gold
  • Sales of coins, bars, ingots, blanks, rounds, and medallions make from gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt
  • Bullion legal tender sold according to its precious metal content and not form: Exempt
  • Bullion coins sold or purchased as an investment: Exempt
Silver
  • Sales of coins, bars, ingots, blanks, rounds, and medallions make from gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt
  • Bullion legal tender sold according to its precious metal content and not form: Exempt
  • Bullion coins sold or purchased as an investment: Exempt
Platinum
  • Sales of coins, bars, ingots, blanks, rounds, and medallions make from gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt
  • Bullion legal tender sold according to its precious metal content and not form: Exempt
  • Bullion coins sold or purchased as an investment: Exempt
Palladium
  • Sales of coins, bars, ingots, blanks, rounds, and medallions make from gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt
  • Bullion legal tender sold according to its precious metal content and not form: Exempt
  • Bullion coins sold or purchased as an investment: Exempt

Pennsylvania Taxes

Gold
  • Refined bars of elementary precious metal, including gold, silver, platinum, and palladium, sold according to its precious metal content and not form: Exempt
  • Numismatic coins or other forms of money with a fair market value greater than their face value: Exempt
  • Legal tender coins of the U.S. or foreign nations, manufactured from gold, silver, platinum, palladium or other metal, with a fair market value greater than their face value: Exempt
Silver
  • Refined bars of elementary precious metal, including gold, silver, platinum, and palladium, sold according to its precious metal content and not form: Exempt
  • Numismatic coins or other forms of money with a fair market value greater than their face value: Exempt
  • Legal tender coins of the U.S. or foreign nations, manufactured from gold, silver, platinum, palladium or other metal, with a fair market value greater than their face value: Exempt
Platinum
  • Refined bars of elementary precious metal, including gold, silver, platinum, and palladium, sold according to its precious metal content and not form: Exempt
  • Numismatic coins or other forms of money with a fair market value greater than their face value: Exempt
  • Legal tender coins of the U.S. or foreign nations, manufactured from gold, silver, platinum, palladium or other metal, with a fair market value greater than their face value: Exempt
Palladium
  • Refined bars of elementary precious metal, including gold, silver, platinum, and palladium, sold according to its precious metal content and not form: Exempt
  • Numismatic coins or other forms of money with a fair market value greater than their face value: Exempt
  • Legal tender coins of the U.S. or foreign nations, manufactured from gold, silver, platinum, palladium or other metal, with a fair market value greater than their face value: Exempt

Rhode Island Taxes

Gold
  • Refined bars of, but not limited to, gold, silver, platinum, rhodium, and chromium, sold according to its precious metal content and not form: Exempt
  • Coins having numismatic or investment value: Exempt
Silver
  • Refined bars of, but not limited to, gold, silver, platinum, rhodium, and chromium, sold according to its precious metal content and not form: Exempt
  • Coins having numismatic or investment value: Exempt
Platinum
  • Refined bars of, but not limited to, gold, silver, platinum, rhodium, and chromium, sold according to its precious metal content and not form: Exempt
  • Coins having numismatic or investment value: Exempt
Palladium
  • Refined bars of, but not limited to, gold, silver, platinum, rhodium, and chromium, sold according to its precious metal content and not form: Exempt
  • Coins having numismatic or investment value: Exempt

South Carolina Taxes

Gold
  • Refined gold, silver, or platinum bullion bars or ingots sold according to its precious metal content and not form: Exempt
  • Coins that are, or have been, legal tender in the U.S. or foreign nations: Exempt
Silver
  • Refined gold, silver, or platinum bullion bars or ingots sold according to its precious metal content and not form: Exempt
  • Coins that are, or have been, legal tender in the U.S. or foreign nations: Exempt
Platinum
  • Refined gold, silver, or platinum bullion bars or ingots sold according to its precious metal content and not form: Exempt
  • Coins that are, or have been, legal tender in the U.S. or foreign nations: Exempt
Palladium
  • Coins having numismatic or investment value: Exempt

South Dakota Taxes

Gold
  • Refined bars, ingots, and commemorative medallions made from gold, silver, platinum or palladium, sold according to its precious metal content and not form Exempt
  • Coins made of gold, silver, or other metal that are, or have been legal tender in the U.S. or foreign nations. This includes collectible coins, but does not include tokens: Exempt
Silver
  • Refined bars, ingots, and commemorative medallions made from gold, silver, platinum or palladium, sold according to its precious metal content and not form Exempt
  • Coins made of gold, silver, or other metal that are, or have been legal tender in the U.S. or foreign nations. This includes collectible coins, but does not include tokens: Exempt
Platinum
  • Refined bars, ingots, and commemorative medallions made from gold, silver, platinum or palladium, sold according to its precious metal content and not form Exempt
  • Coins made of gold, silver, or other metal that are, or have been legal tender in the U.S. or foreign nations. This includes collectible coins, but does not include tokens: Exempt
Palladium
  • Refined bars, ingots, and commemorative medallions made from gold, silver, platinum or palladium, sold according to its precious metal content and not form Exempt
  • Coins made of gold, silver, or other metal that are, or have been legal tender in the U.S. or foreign nations. This includes collectible coins, but does not include tokens: Exempt

Tennessee Taxes

Gold
  • All coins, currency, and bullion that are: Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation;  Sold based on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange: Exempt
Silver
  • All coins, currency, and bullion that are: Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; Sold based on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange: Exempt
Platinum
  • All coins, currency, and bullion that are: Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation;  Sold based on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange: Exempt
Palladium
  • All coins, currency, and bullion that are: Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation;  Sold based on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange: Exempt

Texas Taxes

Gold
  • Refined gold, silver, or platinum bullion bars, ingots, or plate sold according to its precious metal content and not form: Exempt
  • Gold or silver coins that are designated as legal tender in the U.S. or a foreign nation and used as a medium of exchange: Exempt
  • Numismatic coins that are not used as a medium of exchange, and trade based on beauty, rarity, or condition, rather than precious metal content: Exempt
Silver
  • Refined gold, silver, or platinum bullion bars, ingots, or plate sold according to its precious metal content and not form: Exempt
  • Gold or silver coins that are designated as legal tender in the U.S. or a foreign nation and used as a medium of exchange: Exempt
  • Numismatic coins that are not used as a medium of exchange, and trade based on beauty, rarity, or condition, rather than precious metal content: Exempt
Platinum
  • Refined gold, silver, or platinum bullion bars, ingots, or plate sold according to its precious metal content and not form: Exempt
  • Gold or silver coins that are designated as legal tender in the U.S. or a foreign nation and used as a medium of exchange: Exempt
  • Numismatic coins that are not used as a medium of exchange, and trade based on beauty, rarity, or condition, rather than precious metal content: Exempt
Palladium
  • Refined gold, silver, or platinum bullion bars, ingots, or plate sold according to its precious metal content and not form: Exempt
  • Gold or silver coins that are designated as legal tender in the U.S. or a foreign nation and used as a medium of exchange: Exempt
  • Numismatic coins that are not used as a medium of exchange, and trade based on beauty, rarity, or condition, rather than precious metal content: Exempt

Utah Taxes

Gold
  • Gold, silver, or platinum bullion bars, ingots, medallions, and decorative coins refined to a purity not less than .500 fine, sold according to its precious metal content and not form: Exempt
  • Coins that constitute legal tender of a state, the U.S. or a foreign nation: Exempt
  • Currency that constitutes legal tender of a state, the U.S. or a foreign nation: Exempt
Silver
  • Gold, silver, or platinum bullion bars, ingots, medallions, and decorative coins refined to a purity not less than .500 fine, sold according to its precious metal content and not form: Exempt
  • Coins that constitute legal tender of a state, the U.S. or a foreign nation: Exempt
  • Currency that constitutes legal tender of a state, the U.S. or a foreign nation: Exempt
Platinum
  • Gold, silver, or platinum bullion bars, ingots, medallions, and decorative coins refined to a purity not less than .500 fine, sold according to its precious metal content and not form: Exempt
  • Coins that constitute legal tender of a state, the U.S. or a foreign nation: Exempt
  • Currency that constitutes legal tender of a state, the U.S. or a foreign nation: Exempt
Palladium
  • Coins that constitute legal tender of a state, the U.S. or a foreign nation: Exempt
  • Currency that constitutes legal tender of a state, the U.S. or a foreign nation: Exempt

Vermont Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

Virginia Taxes

Gold
  • Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form: Exempt 
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt
Silver
  • Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form: Exempt 
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt
Platinum
  • Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form: Exempt 
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt
Palladium
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt

Virginia Taxes

Gold
  • Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form: Exempt 
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt
Silver
  • Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form: Exempt 
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt
Platinum
  • Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form: Exempt 
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt
Palladium
  • Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts: Exempt

West Virginia Taxes

Gold
  • Refined elementary precious metal bullion, including gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt 
  • Numismatic investment coins or other forms of money with a fair market value greater than face value: Exempt
  • Coins made of gold, silver, platinum, palladium or other metal, declared legal tender by the U.S. or a foreign nation, with a fair market value greater than face value: Exempt
Silver
  • Refined elementary precious metal bullion, including gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt 
  • Numismatic investment coins or other forms of money with a fair market value greater than face value: Exempt
  • Coins made of gold, silver, platinum, palladium or other metal, declared legal tender by the U.S. or a foreign nation, with a fair market value greater than face value: Exempt
Platinum
  • Refined elementary precious metal bullion, including gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt 
  • Numismatic investment coins or other forms of money with a fair market value greater than face value: Exempt
  • Coins made of gold, silver, platinum, palladium or other metal, declared legal tender by the U.S. or a foreign nation, with a fair market value greater than face value: Exempt
Palladium
  • Refined elementary precious metal bullion, including gold, silver, platinum, or palladium, sold according to its precious metal content and not form: Exempt 
  • Numismatic investment coins or other forms of money with a fair market value greater than face value: Exempt
  • Coins made of gold, silver, platinum, palladium or other metal, declared legal tender by the U.S. or a foreign nation, with a fair market value greater than face value: Exempt

Wisconsin Taxes

Gold
  • Taxable
Silver
  • Taxable
Platinum
  • Taxable
Palladium
  • Taxable

Wyoming Taxes

Gold
  • Gold and silver coin: Exempt
  • Gold and silver specie (coins, or refined gold or silver bullion that has been coined, stamped, and imprinted with purity and weight, sold according to its precious metal content and not form: Exempt
  • Gold and silver specie legal tender (gold or silver coins issued by the U.S. or a foreign nation at any time as legal tender): Exempt
Silver
  • Gold and silver coin: Exempt
  • Gold and silver specie (coins, or refined gold or silver bullion that has been coined, stamped, and imprinted with purity and weight, sold according to its precious metal content and not form: Exempt
  • Gold and silver specie legal tender (gold or silver coins issued by the U.S. or a foreign nation at any time as legal tender): Exempt
Platinum
  • Platinum coin: Exempt
Palladium
  • Palladium coin: Exempt