Sales Tax on Gold and Silver in Florida
Florida exempts gold, silver and platinum bullion from sales tax in any amount since August 1, 2025, and adds a coin exemption from July 1, 2026.
The short answer
Florida does not charge sales tax on gold, silver or platinum bullion, in any amount, since August 1, 2025. U.S. legal tender coins are also not taxed, and from July 1, 2026 gold coins of at least 99.5% purity and silver coins of at least 99.9% purity join them. Jewelry and other finished goods remain taxable.
What counts as bullion
Under Rule 12A-1.0371, bullion means gold, silver or platinum in the form of bars, ingots or plates normally sold by weight. Finished goods such as coins and jewelry are not bullion. Palladium is not named in the statute.
Before August 1, 2025, only bullion sales over $500 were exempt. Chapter 2025-208, s. 46 removed the price condition, so the exemption now applies regardless of the sales price.
Coins and currency
Coins and currency that are U.S. legal tender are not taxed. From July 1, 2026, gold coins of at least 99.5% purity and silver coins of at least 99.9% purity are also not taxed. These are coins in the shape of rounds, bars, ingots or bullion coins, valued for metal content and stamped with weight and purity, and recognized as legal tender under s. 215.986. Purity is presumed from the stamp. Jewelry, items of utility and collectibles are excluded.
Other coins and currency are taxed at 6%. That covers, for example, foreign coins sold above face value that do not meet those purity tests. If the taxable coin and currency portion of a single transaction exceeds $500, that portion is entirely exempt.
Jewelry and objects made with coins or bullion
Jewelry or objects made with coins or bullion are taxable. The bullion and coin exemptions do not reach finished pieces.
Local sales taxes
The county discretionary sales surtax applies only to transactions that are subject to the state sales tax (s. 212.054(2)(a)). Where a sale is exempt from state tax, the surtax does not attach.
Florida gold and silver tax treatment at a glance
| Item | Florida treatment |
|---|---|
| Gold, silver, platinum bullion (bars, ingots, plates sold by weight) | Exempt in any amount since August 1, 2025 |
| U.S. legal tender coins and currency | Not taxed |
| Gold coins 99.5%+ and silver coins 99.9%+ | Not taxed from July 1, 2026 |
| Other coins and currency | Taxed at 6%, unless the taxable coin and currency portion of a single transaction exceeds $500, which is then entirely exempt |
| Jewelry and objects made with coins or bullion | Taxable |
What buyers commonly get wrong
A frequent error is assuming the bullion exemption covers everything shiny. It does not: finished goods such as coins and jewelry are not bullion, and jewelry or objects made with coins or bullion are taxable. Another is treating the $500 figure as a general threshold for bullion. It is not; since August 1, 2025 bullion is exempt regardless of price, and the $500 figure now matters only for the taxable coin and currency portion of a single transaction. A third is assuming all coins are covered. U.S. legal tender coins are not taxed, and the purity-based coin exemption begins July 1, 2026, but foreign coins sold above face value that do not meet those purity tests are taxed at 6%. Purity is presumed from the stamp, so an unstamped or unclear piece may not qualify. Palladium is not named in the statute, and the county discretionary sales surtax applies only to transactions subject to the state sales tax.
The rule was checked in October 2026 and can change with new legislation. Confirm the current treatment with the Florida Department of Revenue before a large purchase. For general background on how precious metals are taxed federally, see sales tax on gold.
Official sources: TIP 25A01-03, TIP 26A01-08, s. 212.08, s. 212.05, s. 212.054, Rule 12A-1.0371.
For how these rules apply to a particular purchase, consult a tax professional or your own preparer.
Common questions
Does Florida charge sales tax on gold and silver bullion?
No. Sales of gold, silver or platinum bullion are exempt regardless of price since August 1, 2025. Before that date, only sales over $500 were exempt.
Are coins taxed in Florida?
Coins and currency that are U.S. legal tender are not taxed. From July 1, 2026, gold coins of at least 99.5% purity and silver coins of at least 99.9% purity are also not taxed. Other coins and currency are taxed at 6%, unless the taxable coin and currency portion of a single transaction exceeds $500, which is then entirely exempt.
Is jewelry taxed in Florida?
Yes. Jewelry, and objects made with coins or bullion, are taxable. Finished goods such as coins and jewelry are not bullion under Rule 12A-1.0371.
Do county sales surtaxes apply to bullion in Florida?
The county discretionary sales surtax applies only to transactions that are subject to the state sales tax (s. 212.054(2)(a)), so it does not attach to exempt bullion sales.
Read next
- Sales Tax on Gold and Silver in Montana Montana has no general sales tax, so no state sales tax applies to gold or silver bullion and coins. Learn what that means for buyers.
- Sales Tax on Gold and Silver in Idaho Idaho exempts precious metal bullion and monetized bullion from sales tax. Learn what qualifies, what does not, and how the rule applies to coins and jewelry.
- Sales Tax on Gold and Silver in Alabama Alabama exempts refined bullion and money from state sales tax through May 31, 2028, if it meets purity and pricing conditions. Jewelry does not qualify.
- Gold Coins and Bars: How Form Affects Tax How the IRS treats gains on gold coins and bars, and why reporting thresholds differ by product and quantity. Rates for 2026, with statutory changes noted.
- Selling Gold: When It Is a Taxable Event Selling gold is a taxable event when there is a gain. Learn the rules for capital gains, collectibles rates, and exceptions like gifts and inheritance.