Maryland Sales Tax on Gold & Silver
Does Maryland tax gold & silver?
Yes. Maryland applies tax to gold, silver, and platinum bullion and coins; there is no general bullion exemption. Expect 6% plus any local amount on a bullion purchase.
Sales tax on precious metals is set at the state level — there is no federal sales tax on bullion. Here is how Maryland treats it, what to watch for, and where to confirm the current rule.
What’s exempt and what’s taxed in Maryland
Maryland does not offer a bullion exemption, so gold, silver, and platinum bullion and coins are taxed. Maryland repealed its bullion exemption effective July 1, 2025 (HB 352); purchases are now taxed. It previously exempted purchases over $1,000.
Base rate and local tax
Maryland’s base state rate is 6%, and local jurisdictions can add to it, so the effective rate on any taxable portion depends on your delivery address. Where bullion is exempt, this rate only matters for taxable items like jewelry or accessories.
How to confirm the current rule
Tax law changes — several states have added or removed bullion exemptions in the last few years. Before a significant purchase, verify with the Comptroller of Maryland or ask a CPA.
Sales tax is not the same as capital gains tax
Two different taxes get confused here. Sales tax is charged (or not) when you buy, and is the state matter covered on this page. Capital gains tax applies when you sell at a profit — the IRS treats physical metal as a collectible (up to a 28% federal long-term rate) no matter which state you live in. See our guide to gold & silver taxes for the selling side.
Does Maryland charge sales tax on gold and silver?
Yes. Maryland applies tax to gold, silver, and platinum bullion and coins; there is no general bullion exemption. Expect 6% plus any local amount on a bullion purchase.
Can I avoid sales tax on bullion in Maryland?
Not through a state exemption — Maryland has none. Some buyers compare the all-in cost against neighboring states, but factor in shipping and use-tax rules before doing so.
Will I owe tax when I sell my metals?
Possibly — but that's capital gains tax, not sales tax. The IRS taxes profits on physical gold and silver as collectibles (up to 28% long-term), regardless of your state. See our gold & silver taxes guide.