Florida does tax precious metals, but there are exemptions based on the type and amount of metal purchased in a single transaction.

Taxable Products in Florida

• Bullion, Non-US Coins, or Non-US Numismatic Coins. If the total amount of a single transaction is less than $500.
• Non-US currency.
• Accessory & Processed Items. Items like jewelry, silverware, and other processed precious metal products are subject to sales tax.

Exemptions:

• Coins or Currency. If the sales price in a single transaction exceeds $500 and the coins or currency are not legal tender of the United States or another country sold at face value.
• Gold, Silver, or Platinum Bullion. If the total sales price in a single transaction exceeds $500.
• Sales of Commodity Contracts of Bullion. Unless delivery of the commodity is taken in Florida.

Additional Considerations:

• Sales Tax. Florida's state sales tax rate is 6%, but local rates may vary. The tax is calculated at checkout based on the delivery address.
• Capital Gains Tax. Florida does not have a state income tax, so there is no state tax on capital gains from precious metals.