Michigan Precious Metals Tax Information
There is no sales or use tax on investment coins and bullion in Michigan. This exemption applies to gold, silver, or platinum in bulk state with a purity of not less than 900 parts per 1,000, as well as numismatic or legal tender coins made of gold, silver, platinum, palladium, or other metals, issued by the U.S. or a foreign government with a fair market value exceeding the face value..
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MICHIGAN. 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 MICHIGAN 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 MICHIGAN, WE SUGGEST YOU VISIT THE MICHIGAN DEPARTMENT OF TREASURY LOCATED AT https://www.michigan.gov/treasury/.
