Pennsylvania Precious Metals Tax Information



Pennsylvania does not have sales tax on investment-grade precious metals.


Exemptions:

 

  • Bullion. Gold, silver, platinum, or palladium bars or rounds.
  • Investment Coins. Coins with precious metal content primarily purchased for investment purposes (e.g., American Eagle coins, Canadian Maple Leaf coins).

However, sales tax might apply to numismatic coins (rare or collectible coins) and jewelry, as they are not considered investment-grade precious metals. Additionally, the accessories for precious metals (like storage boxes or display cases) are also subject to sales tax. The Pennsylvania state sales tax rate is 6%. However, local taxes may apply, bringing the total tax rate up to 8% in some areas:

  • Allegheny County:7% (6% state + 1% local)
  • Philadelphia:8% (6% state + 2% local)

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF PENNSYLVANIA. 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 PENNSYLVANIA 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 PENNSYLVANIA, WE SUGGEST YOU VISIT THE PENNSYLVANIA DEPARTMENT OF REVENUE LOCATED AT https://www.revenue.pa.gov/Pages/default.aspx.