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Georgia Precious Metals Tax Information
In Georgia, most precious metals are exempt from sales tax. This includes:
- Legal Tender. All coins minted for use in the United States or other countries, regardless of their metal content.
- Bullion. Precious metal bars or rounds with a purity of .999 or higher, purchased for investment purposes.
- Numismatic Coins. Rare or collectible coins, even if their purity is less than .999.
Taxable Products in Georgia
- Palladium and Copper Products. These metals are not exempt from sales tax.
- Accessory Items. Items such as holders, tubes or coin flips.
- Processed Items. Precious metals that have been processed into jewelry, statues, or other items valued for more than their metal content may be subject to sales tax.
- Certain Currency. Currency that has not been issued as legal tender.
The Georgia state sales tax rate is 4%, but local taxes can increase this up to 8% in some areas.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF GEORGIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF GEORGIA THAT RELATE TO THE READER’S TRANSACTIONS WITH ITM TRADING. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF GEORGIA, WE SUGGEST YOU VISIT THE GEORGIA DEPARTMENT OF REVENUE LOCATED AT https://dor.georgia.gov/.
