Missouri Tax Regulations for Precious Metals
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Missouri Sales Tax on Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in Missouri Statute 144.815. the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Missouri address:

EXEMPT

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

  2. Numismatic coins or other forms of money, and legal tender bullion coins made of gold- silver- platinum, or palladium, with a fair market value greater than their face value.

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

Missouri Tax Code - Sales Tax Exemptions For Precious Metals

STATUTE 144.815
144.815. Bullion and investment coins, sales and use tax exemption.

— In addition to the exemptions granted pursuant to the provisions of section 144.030, there shall also be specifically exempted from all local sales taxes, as defined in section 32.085, and sections 144.010 to 144.510 and 144.600 to 144.757, and from the computation of the tax levied, assessed or payable pursuant to all local sales taxes as defined in section 32.085 and sections 144.010 to 144.525 and 144.600 to 144.811, purchases of bullion and investment coins. For purposes of this section, the following terms shall mean:

  (1) "Bullion", gold, silver, platinum or palladium in a bulk state, where its value depends on its content rather than its form, with a purity of not less than nine hundred parts per one thousand; and
  (2) "Investment coins", numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium or metals with a fair market value greater than the face value of the coins.

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