Sales Tax on Gold and Silver in Georgia
Georgia exempts gold, silver and platinum bullion and coins or currency from sales tax. Jewelry and artwork are taxable. The coin exemption expires in 2029.
Georgia does not charge sales tax on purchases of gold, silver or platinum bullion, or on coins or currency. The exemptions are set out in O.C.G.A. 48-8-3(66) and 48-8-3(67) and have been in place since 2000.
What qualifies as bullion
Bullion means bars, ingots or coins of gold, silver, platinum or a combination of those metals, priced on metal content rather than on their form. A dealer selling bullion must keep documentation supporting the exempt sale. DOR rule 560-12-2-.108 adds detail on how the exemption is applied.
What qualifies as coins or currency
The coins-or-currency exemption covers gold, silver, platinum, other metal or paper that has been or may be used as legal tender under the laws of a state, the United States or a foreign nation. That is a broad definition, and it does not turn on whether the item is currently circulating.
What does not qualify
Jewelry or artwork made from gold, silver or platinum is taxable. Medals that were never legal tender are also taxable unless they are priced solely on metal content. Palladium is not named in the bullion exemption.
Is there a dollar threshold?
No. Georgia’s exemptions do not set a dollar threshold, so the rule applies regardless of the size of the purchase.
Do local sales taxes apply?
The FY2027 Tax Expenditure Report lists a local tax expenditure for both exemptions, about $3 million a year for bullion. That indicates local sales taxes are also not collected on these sales.
When the rule changes
The FY2027 Tax Expenditure Report states that the coins-or-currency exemption expires December 31, 2029. It shows no expiry for the bullion exemption.
| Item | Georgia sales tax |
|---|---|
| Gold, silver or platinum bullion | Exempt |
| Coins or currency | Exempt, expires December 31, 2029 |
| Jewelry or artwork | Taxable |
| Medals never legal tender | Taxable unless priced solely on metal content |
| Palladium | Not named in the bullion exemption |
| Dollar threshold | None |
| Local sales taxes | Not collected on these sales |
What buyers commonly get wrong
One common mistake is assuming the exemption covers anything made of precious metal. Jewelry and artwork are taxable, and medals that were never legal tender are taxable unless priced solely on metal content. Another is treating palladium as covered; it is not named in the bullion exemption. A third is believing a minimum purchase amount is required. Georgia sets no dollar threshold. Finally, the two exemptions are not identical in duration: the coins-or-currency exemption expires December 31, 2029, while the bullion exemption has no listed expiry.
Sources
The exemptions appear in O.C.G.A. 48-8-3(66) and 48-8-3(67). The expiry date and local tax figures come from the FY2027 Tax Expenditure Report. DOR rule 560-12-2-.108 is available through the Cornell LII copy.
This rule was checked in October 2026 and can change with new legislation. Confirm the current treatment with the Georgia Department of Revenue before a large purchase. For general background on how precious metals are taxed, see sales tax on gold. For your own situation, consult a tax professional or your own preparer.
Common questions
Does Georgia charge sales tax on gold and silver bullion?
No. O.C.G.A. 48-8-3(66) exempts sales of gold, silver or platinum bullion, and the exemption has been in place since 2000.
Are coins and currency exempt from Georgia sales tax?
Yes. O.C.G.A. 48-8-3(67) exempts coins or currency, meaning gold, silver, platinum, other metal or paper that has been or may be used as legal tender under the laws of a state, the United States or a foreign nation. The FY2027 Tax Expenditure Report states this exemption expires December 31, 2029.
Is jewelry taxed in Georgia?
Yes. Jewelry or artwork made from gold, silver or platinum is taxable. Medals that were never legal tender are also taxable unless priced solely on metal content.
Do local sales taxes apply to bullion in Georgia?
The FY2027 Tax Expenditure Report lists a local tax expenditure for both exemptions, about $3 million a year for bullion, which indicates local sales taxes are also not collected on these sales.
Read next
- Sales Tax on Gold and Silver in Oklahoma Oklahoma exempts bullion coins, bars and legal tender sold for precious-metal value or as an investment. Jewelry and artistic metal are taxable.
- Sales Tax on Gold and Silver in Arizona Arizona's state transaction privilege tax excludes precious metal bullion and monetized bullion. City taxes can still apply, including to numismatic coins.
- Sales Tax on Gold and Silver in Nevada Nevada generally taxes gold and silver bullion and collector coins. Learn what qualifies for the medium-of-exchange exception and how NAC 372.170 applies.
- Wash Sale Rules and Precious Metals: The Line Section 1091 reaches stocks and securities. Physical bullion is a collectible, but a gold ETF or a mining share is a security and does fall under it.
- How to Report a Gold Sale on Your Tax Return Learn where to report gold sales on your tax return, which schedule to use, and the holding period rules. Understand dealer reporting vs. your reporting duty.