West Virginia Precious Metals Tax Information



There is no sales tax on investment metal bullion or investment coins in the state of West Virginia. This exemption went into effect on July 1, 2015. However, be aware that:


This exemption only applies to specific types of precious metals intended for investment purposes (bullion and investment coins). As of July 1, 2023, the sale of investment coins is exempt from sales tax in West Virginia.


Investment coins are defined as numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium, or other metal and of the United States or any foreigngovernment if the coins are sold or traded for more than their face value and are sold for investment purposes. Other forms, such as jewelry or numismatic coins, may still be subject to sales tax. You may be liable for use tax if you purchase precious metals from an out-of-state retailer and bring them into West Virginia.


There may be federal capital gains taxes if you sell precious metals for a profit.


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