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Updated: May 06, 2025

Kentucky Sales Tax for Precious Metals

Gainesville Coins

Published: April 23, 2020

According to Kentucky state statute 139.480 ยง 37, all bullion and collectible currency are EXEMPT from state sales tax when shipped to a Kentucky address.

Our Streamlined Account Number is S00114056. Sales and Use Tax Permit effective 04/23/2019.

Kentucky Tax Code - Sales Tax Exemptions For Precious Metals

(37) (a) Currency or bullion.

(b) As used in this subsection:

  1. "Bullion":
    a. Means bars, ingots, or coins, which are:
    i. Made of gold, silver, platinum, palladium, or a combination of these metals;
    ii. Valued based on the content of the metal and not its form; and
    iii. Used, or have been used, as a medium of exchange, security, or commodity by any state, the United States government, or a foreign nation; and

    b. Does not include medallions or coins that are incorporated into a pendant or other jewelry; and
  2. "Currency":
    a. Means a coin or currency made of gold, silver, platinum, palladium, or other metal or paper money that is or has been used as legal tender and is sold based on its value as a collectible item rather than the value as a medium of exchange; and

    b. Does not include a coin or currency that has been incorporated into jewelry
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