Sales Tax on Gold and Silver in New Jersey
New Jersey exempts qualifying investment metal bullion from sales tax with no dollar threshold, but investment coins need a fair market value of at least $1,000.
New Jersey does not charge sales tax on qualifying investment metal bullion, and there is no dollar threshold for bullion. Investment coins are also exempt, but only if each individual coin has a fair market value of at least $1,000. The exemption took effect January 1, 2025.
What Qualifies as Investment Metal Bullion
Investment metal bullion means any smelted or refined elementary precious metal, including gold, silver, platinum, and palladium, whose value depends on its content rather than its form. The exemption applies with no minimum purchase amount.
Metal fabricated for industrial, professional, aesthetic, or artistic uses is excluded. That means a refined bar or ingot held for its metal content qualifies, while metal shaped or finished for those other purposes does not.
What Qualifies as an Investment Coin
Investment coins are numismatic coins of any metal. A coin is exempt only if each individual coin has a fair market value of at least $1,000. The threshold applies coin by coin, not to the total sale.
The Division of Taxation does not say directly whether common bullion coins under $1,000 count as investment metal bullion. That question is not resolved by the published guidance.
What Is Excluded
Jewelry, art made from coins, and commemorative medallions are excluded from the exemption. Those items remain subject to sales tax.
Local Sales Taxes
The published guidance does not address local sales taxes for this exemption.
New Jersey gold and silver tax treatment at a glance
| Item | Sales tax treatment |
|---|---|
| Investment metal bullion (gold, silver, platinum, palladium) | Exempt, no dollar threshold |
| Investment coins | Exempt only if each coin has a fair market value of at least $1,000 |
| Jewelry | Excluded |
| Art made from coins | Excluded |
| Commemorative medallions | Excluded |
Effective Date
The exemption applies to sales on or after January 1, 2025, under P.L. 2024, c. 64, approved September 12, 2024. The law applies to sales on or after the first day of the fourth month after enactment.
Official Sources
The New Jersey Division of Taxation publishes guidance on investment bullion and coins. The enacted law is available as P.L. 2024, c. 64.
This rule was checked in October 2026 and can change with new legislation. Confirm the current treatment with the state before a large purchase.
What Buyers Commonly Get Wrong
A common mistake is assuming every gold or silver coin is exempt. Investment coins are exempt only when each individual coin has a fair market value of at least $1,000. A coin below that amount does not qualify under the investment coin rule.
Another mistake is treating the $1,000 figure as a minimum purchase total. The threshold applies to each individual coin, not to the combined value of an order.
Buyers also sometimes assume jewelry and commemorative medallions are covered. They are excluded, as is art made from coins.
Finally, the treatment of common bullion coins under $1,000 is not directly addressed by the Division. Because the rule can change and the guidance leaves that point open, readers should consult a tax professional or their own preparer about their own situation.
For general background on how precious metals are taxed federally, see sales tax on gold.
Common questions
Does New Jersey charge sales tax on gold bullion?
No. Investment metal bullion, including gold, silver, platinum, and palladium, is exempt with no dollar threshold.
Are gold and silver coins exempt from sales tax in New Jersey?
Investment coins are exempt only if each individual coin has a fair market value of at least $1,000.
When did the New Jersey bullion sales tax exemption start?
It applies to sales on or after January 1, 2025, under P.L. 2024, c. 64.
Is jewelry exempt from sales tax in New Jersey?
No. Jewelry, art made from coins, and commemorative medallions are excluded from the exemption.
Read next
- Sales Tax on Gold and Silver in New York New York exempts investment bullion and coins over $1,000 from sales tax when price limits are met. See the rules, thresholds and common mistakes.
- Sales Tax on Gold and Silver in New Mexico New Mexico has no deduction for investment bullion or coins, so gold and silver purchases are subject to gross receipts tax. SB 174 (2026) was not enacted.
- Sales Tax on Gold and Silver in New Hampshire New Hampshire has no general sales tax on goods, so buying gold or silver bullion and coins there does not add a state sales tax at checkout.
- Platinum and Palladium: Tax Rules and Rates Learn how platinum and palladium are taxed: collectibles rates, capital gains, IRA rules, and reporting thresholds. Rates are set by statute and can change.
- Inherited Gold and Estate Tax: Two Separate Questions Whether an estate owes tax and what basis an heir receives are different questions. For most heirs the second one is what matters.