Utah Tax Regulations for Precious Metals
Due to unprecedented demand for gold and silver bullion along with the fluid situation as it relates to COVID-19, all orders may have further extended delays which are past our normal processing time and any already stated product delay dates. We are working around the clock to ship all orders as soon as possible.

Utah Sales Tax for Precious Metals

Published: April 23, 2020
Updated: April 23, 2020

As defined in state code 59-12-104(50) and (51), the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Utah address:


  1. 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;

  2. Coins that constitute legal tender of a state, the U.S. or a foreign nation;

  3. Currency that constitutes legal tender of a state, The U.S. or a foreign nation.

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

Our Account Number is 14843644-002-STC.

Utah Tax Code - Sales Tax Exemptions For Precious Metals

Sales Tax Exemptions by Category
(Source: Utah Code Section 59-12-104 and Utah State Tax Commission)

Title 59 Chapter 12 Part 1
Section 104. EXEMPTIONS

59-12-104. Exemptions.
Exemptions from the taxes imposed by this chapter are as follows:

(50) sales of currency or coins that constitute legal tender of a state, the United States, or a foreign nation;
(a)sales of an item described in Subsection (51)(b) if the item:

(i) does not constitute legal tender of a state, the United States, or a foreign nation; and
(ii) has a gold, silver or platinum content of 50% or more; and

(b) Subsection (51)(a) applies to a gold, silver, or platinum:

(i) ingot;
(ii) bar;
(iii) medallion; or
(iv) decorative coin

Effective 5/14/2019

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