Ohio Precious Metals Tax Information



As of July 1, 2021, Ohio no longer charges sales tax on gold, silver, platinum, or palladium bullion that meets certain minimum fineness requirements (typically .999 fine or greater). This exemption also applies to coins made of at least 50% precious metal.


Taxable Products in Ohio


  • Precious metals that don't meet the minimum fineness requirements.
  • Copper Products, including Coins and Bullion.
  • Accessory Items related to precious metals.
  • Processed Items made from precious metals.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OHIO. 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 OHIO 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 OHIO, WE SUGGEST YOU VISIT THE OHIO DEPARTMENT OF TAXATION LOCATED AT https://tax.ohio.gov/.