Connecticut does have a sales and use tax, but there are exemptions for certain precious metals transactions.

Taxable Products in Connecticut

• Platinum, Palladium, and Copper. These precious metals are subject to sales tax.
• Numismatic Coins (Collectible Coins). Certain numismatic coins are subject to sales tax.
• Gold and Silver Transactions under $1,000. If the total value of a gold or silver transaction is less than $1,000, it is subject to sales tax.
• Accessory & Processed Items. Items like jewelry, silverware, and other processed precious metal products are subject to sales tax.

Exemptions:

Important Note: Even if a purchase is exempt from sales tax, it may be subject to a use tax if it is purchased from an out-of-state retailer for use in Connecticut. It's always best to consult with a tax professional for specific advice on your situation.

• Gold and Silver Bullion and Coins. These are exempt from sales tax if the total value of the transaction is $1,000 or more.
• Rare and Antique Coins. These are also exempt regardless of the transaction amount.