The State of California does impose sales tax on precious metals, but there are some exemptions and the rules can be a bit complex.

Taxable Products in California

• Nonmonetized Bullion. Platinum, palladium, or copper bullion.
• Monetized Bullion, Non-Monetized Gold/Silver Bullion, Numismatic Coins These are taxed if the total sale is less than $2,000.
• Accessory Items. Items such as storage boxes, cleaning supplies, etc.
• Processed Items. This includes jewelry, silverware, etc.

Exemptions:

• Bulk Sales Sales of monetized bullion, non-monetized gold/silver bullion, and numismatic coins valued at $2,000 or more are exempt from sales tax.

Tax Rates:

The state sales tax rate is 7.5%, but local rates can vary. Some areas, like Los Angeles, have higher rates.