Virginia Sales Tax for Precious Metals

As defined in state code §58.1-609.1(19), the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Virginia address:

EXEMPT

1. Gold, silver, or platinum refined bullion bars or ingots sold according to its precious metal content and not form;

2. Legal tender coins of any metal, issued by the U.S. or foreign nation as a medium of exchange or payment of debts.

All other palladium bullion or numismatic items and accessories sold by Gainesville Coins are subject to Virginia state sales tax.

Our Registration Number is 12-223939059F-001. Certificate of Registration for the Collection of Virginia Use Tax effective 02/04/2020.

Virginia Tax Code - Sales Tax Exemptions For Precious Metals

Virginia House Bill 936, amends §58.1-609.1 of the Code of Virginia

19.) Sales tax exemption; gold, silver, and platinum bullion. Extends from June 30, 2022, to June 30, 2025, the sunset date for the sales tax exemption for gold, silver, and platinum bullion and legal tender coins. The bill eliminates the limitation that only purchases in excess of $1,000 are eligible for the exemption. Sales tax exemption; gold, silver, and platinum bullion. Extends from June 30, 2022, to June 30, 2025, the sunset date for the sales tax exemption for gold, silver, and platinum bullion and legal tender coins. The bill eliminates the limitation that only purchases in excess of $1,000 are eligible for the exemption.