Sales Tax on Gold and Silver in Texas
Texas exempts gold, silver and numismatic coins and platinum, gold or silver bullion from sales tax. No minimum purchase applies. Learn what qualifies.
Texas does not charge sales tax on the sale of gold, silver or numismatic coins, or on platinum, gold or silver bullion. The exemption has no minimum purchase amount, so a single coin or a small bar qualifies the same as a large order.
What the Texas exemption covers
Tax Code 151.336 states: “The sale of gold, silver, or numismatic coins or of platinum, gold, or silver bullion is exempted from the taxes imposed by this chapter.” In practice, that covers:
- Gold coins and silver coins
- Numismatic coins
- Platinum bullion
- Gold bullion
- Silver bullion
What the exemption does not name
Palladium bullion is not named in the exemption. Platinum coins and palladium coins are also not named, unless they count as “numismatic” coins. The statute does not define “numismatic,” so whether a particular coin falls inside that term is not settled by the text of the exemption itself.
No minimum purchase
Texas once applied a $1,000-per-transaction threshold. HB 78, passed in 2013, removed that minimum effective October 1, 2013. The original exemption dates to 1989. There is no dollar threshold today: a purchase of any size is treated the same under the exemption.
Local sales taxes
The exemption applies to the taxes imposed by the chapter. The available materials do not address local sales taxes separately.
Texas gold and silver tax treatment at a glance
| Item | Texas sales tax treatment |
|---|---|
| Gold coins | Exempt |
| Silver coins | Exempt |
| Numismatic coins | Exempt |
| Platinum bullion | Exempt |
| Gold bullion | Exempt |
| Silver bullion | Exempt |
| Palladium bullion | Not named in the exemption |
| Platinum or palladium coins | Not named, unless they count as “numismatic” |
| Minimum purchase | None; the $1,000 threshold was removed in 2013 |
What buyers commonly get wrong
One common mistake is assuming the old $1,000-per-transaction minimum still applies. HB 78 removed it effective October 1, 2013, so there is no threshold to reach before the exemption applies.
Another is treating every precious metal product the same. Palladium bullion is not named in the exemption, and platinum or palladium coins are not named either, unless they count as “numismatic” coins. The statute does not define “numismatic,” so that term is not a safe catch-all for any coin that is not gold or silver.
A third is overlooking the difference between bullion and coins in the statutory language. The exemption names gold, silver or numismatic coins on one hand, and platinum, gold or silver bullion on the other. A product that fits neither description is not covered by the words of the exemption.
Checking the rule
The rule was checked in October 2026 and can change with new legislation. Before a large purchase, confirm the current treatment with the Texas Comptroller. The official sources are the Texas Tax Code, Chapter 151 and the HB 78 bill analysis. For general background on how states treat precious metals, see sales tax on gold.
For how the exemption applies to a specific transaction or product, consult a tax professional or your own preparer.
Common questions
Does Texas charge sales tax on gold and silver bullion?
No. Tax Code 151.336 exempts platinum, gold and silver bullion, along with gold, silver and numismatic coins, from the taxes imposed by the chapter.
Is there a minimum purchase amount for the Texas bullion exemption?
No. The old $1,000-per-transaction threshold was removed by HB 78 effective October 1, 2013. The exemption now applies with no minimum purchase.
Are palladium bullion and platinum coins exempt in Texas?
Palladium bullion is not named in the exemption. Platinum or palladium coins are not named either, unless they count as "numismatic" coins, a term the statute does not define.
When did the Texas precious metals exemption take effect?
The original exemption dates to 1989. HB 78 removed the $1,000 minimum effective October 1, 2013.
Read next
- Sales Tax on Gold and Silver in Alabama Alabama exempts refined bullion and money from state sales tax through May 31, 2028, if it meets purity and pricing conditions. Jewelry does not qualify.
- Sales Tax on Gold and Silver in Montana Montana has no general sales tax, so no state sales tax applies to gold or silver bullion and coins. Learn what that means for buyers.
- 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.
- When a Dealer Reports Your Sale: Two Obligations Dealer reporting and taxpayer reporting are different duties. The gain is reportable whether or not a form is issued, and the product list is specific.
- Gold Purchase Records: What to Keep for Taxes Learn which gold purchase records to keep for tax purposes, how long to keep them, and what to do if receipts are lost. Understand cost basis and reporting rules.