Sales Tax on Gold and Silver in Wyoming
Wyoming charges no sales tax on specie and specie legal tender, including gold and silver coins and stamped bullion. See what qualifies and what does not.
The short answer
Wyoming does not charge sales tax on the purchase or sale of “specie” or “specie legal tender.” Under the Wyoming Legal Tender Act, those transactions create no tax liability of any kind. There is no minimum purchase amount.
What counts as specie in Wyoming
Specie means any coin with gold or silver content, or refined gold or silver bullion that is coined, stamped or imprinted with its weight and purity and valued mainly on its metal content rather than its form.
Two parts of that definition do the work. The item must be gold or silver, and stamped bullion must carry its weight and purity. A plain gold or silver bar with no stamping does not meet the definition, so it falls outside the exemption.
Wyoming law also classifies “gold, silver and other coin, specie and specie legal tender” as intangible personal property rather than taxable goods. That classification is a second reason the tax does not apply.
| Item | Sales tax in Wyoming |
|---|---|
| Gold and silver coins | No tax |
| Stamped gold and silver bullion (weight and purity shown) | No tax |
| Unstamped gold or silver bullion | Does not meet the specie definition |
| Platinum and palladium bars | Not covered |
| Platinum and palladium coins | Unclear; no official guidance found |
What the rule does not cover
The specie definition reaches gold and silver only. Platinum and palladium bars are not covered. No official guidance was found on whether platinum or palladium coins count as “other coin,” so that point is unclear rather than settled.
Some dealer sites describe a separate 2023 exemption for “investment coins.” No such provision appears in the current Title 39.
No threshold, no local add-on
Wyoming sets no minimum purchase amount for the exemption. A single coin and a large bullion order are treated the same way.
Where the rule comes from
The Wyoming Legal Tender Act took effect July 1, 2018, through 2018 HB 0103. The statutes are Title 9 and Title 39, and the enrolled bill is 2018 HB 0103. The Act states that “the purchase, sale or exchange of any type or form of specie or specie legal tender shall not give rise to any tax liability of any kind.”
This rule was checked in October 2026 and can change with new legislation. Confirm the current treatment with the state before a large purchase. For how these transactions are handled at the federal level, see sales tax on gold.
What buyers commonly get wrong
A common mistake is assuming any gold or silver bar qualifies. Stamped weight and purity are part of the definition, so unstamped bullion does not.
Another is extending the exemption to platinum and palladium bars, which the definition does not cover. Platinum and palladium coins sit in a grayer area, since no official guidance was found on whether they count as “other coin.”
Buyers also repeat the claim that a 2023 “investment coins” exemption exists. No such provision was found in the current Title 39.
Finally, some assume a minimum purchase is required before the exemption applies. Wyoming sets none.
Rules of this kind can change, and the treatment of a specific item can depend on details such as stamping and metal content. A tax professional or your own preparer can address your own situation.
Common questions
Does Wyoming charge sales tax on gold and silver bullion?
No. Under the Wyoming Legal Tender Act, the purchase or sale of specie or specie legal tender creates no tax liability of any kind. Stamped gold and silver bullion that shows its weight and purity meets the specie definition.
Is there a minimum purchase amount for the Wyoming exemption?
No. Wyoming sets no minimum purchase amount, so the exemption applies the same way to a single coin and to a large order.
Does the Wyoming exemption cover platinum and palladium?
Platinum and palladium bars are not covered, because the specie definition reaches gold and silver only. No official guidance was found on whether platinum or palladium coins count as "other coin."
Does unstamped gold or silver bullion qualify in Wyoming?
No. Refined gold or silver bullion must be coined, stamped or imprinted with its weight and purity and valued mainly on metal content to meet the specie definition.
Read next
- Sales Tax on Gold and Silver in Ohio Ohio exempts investment metal bullion and investment coins from sales tax, with fineness tests for gold, silver, platinum and palladium. No minimum purchase.
- Sales Tax on Gold and Silver in Michigan Michigan exempts investment coins and bullion from sales tax. Learn what qualifies, purity rules, and what buyers often misunderstand.
- 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.