Sales Tax on Gold and Silver in Connecticut
Connecticut exempts gold and silver bullion and rare coins from sales tax, but only when the retailer's total sale is $1,000 or more. The rule changes July 1, 2027.
The short answer
Connecticut exempts rare or antique coins, gold and silver bullion, and gold or silver legal tender of any nation when it is traded according to its value as precious metal. The exemption does not apply if the total value of the bullion or legal tender sold by the retailer is less than $1,000. That $1,000 minimum stays in place until June 30, 2027.
What qualifies under the current rule
Conn. Gen. Stat. 12-412(45) covers three categories:
- Rare or antique coins
- Gold or silver bullion
- Gold or silver legal tender of any nation, when traded according to its value as precious metal
The exemption is conditional. The statute states that it “shall not be applicable with respect to any such sale, storage or use in which the total value of such bullion or legal tender sold by the retailer is less than one thousand dollars.” In practice, a purchase below $1,000 is taxable; a purchase at or above $1,000 is exempt.
Platinum and palladium are not named in the current text of the exemption.
What changes on July 1, 2027
Public Act 25-168, Sec. 444 (HB 7287, the 2025 budget act) rewrites subsection (45) for sales on or after July 1, 2027. The rewrite:
- Removes the $1,000 minimum
- Adds palladium bullion and platinum
- Limits gold and silver bullion to a purity of at least 90 percent
The Department of Revenue Services’ 2026 legislative summary lists no further change. The current $1,000 rule dates from P.A. 83-509, effective July 1, 1983.
Connecticut gold and silver tax treatment, before and after July 1, 2027
| Item | Current rule (through June 30, 2027) | Rule for sales on or after July 1, 2027 |
|---|---|---|
| Rare or antique coins | Exempt | Exempt |
| Gold and silver bullion | Exempt if the retailer’s total sale is $1,000 or more | Exempt, no minimum, purity at least 90 percent |
| Gold and silver legal tender | Exempt if the retailer’s total sale is $1,000 or more | Exempt, no minimum |
| Platinum | Not named in the current text | Added |
| Palladium bullion | Not named in the current text | Added |
| $1,000 minimum | Applies | Removed |
What buyers commonly get wrong
A frequent error is the claim that the $1,000 threshold was removed in 2025. It was not. Public Act 25-168 and the Department of Revenue Services both place the change on sales on or after July 1, 2027. Until then, the $1,000 minimum governs.
A second error is treating the exemption as unconditional. The statute ties it to the total value sold by the retailer, and it does not apply below $1,000.
A third error is assuming platinum and palladium are already covered. They are not named in the current text; they are added by the 2027 rewrite.
A fourth error is assuming the purity limit already exists. The 90 percent purity requirement for gold and silver bullion applies only under the 2027 rewrite.
Official sources
The current exemption appears in the Connecticut General Statutes: Conn. Gen. Stat. 12-412(45). The 2027 rewrite is in Public Act 25-168, Sec. 444. Department of Revenue Services guidance is published in its 2025 developments and 2026 developments pages.
The rule was checked in October 2026 and can change with new legislation. Confirm the current position with the state before a large purchase. For general background on how precious metals are taxed federally, see sales tax on gold.
Local taxes and other categories
The sources reviewed do not address local sales taxes. They also do not address jewelry. For an individual situation, consult a tax professional or your own preparer.
Common questions
Is gold bullion taxable in Connecticut?
Gold bullion is exempt when the total value of the bullion or legal tender sold by the retailer is $1,000 or more. Below that amount, the exemption does not apply.
Does Connecticut charge sales tax on silver coins?
Rare or antique coins are exempt. Gold or silver legal tender of any nation is exempt when traded according to its value as precious metal and the retailer's total sale is $1,000 or more.
When does the Connecticut $1,000 threshold go away?
Public Act 25-168, Sec. 444 removes the $1,000 minimum for sales on or after July 1, 2027. Until then, the minimum applies.
Does the Connecticut exemption cover platinum and palladium?
Platinum and palladium are not named in the current text of Conn. Gen. Stat. 12-412(45). The 2027 rewrite adds palladium bullion and platinum.
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