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taxes on silver
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on 01-18-2026 04:47 PM
I'm having the same problem on taxes for silver. I sold a item buyer does not want to pay because of the taxes.plus he does not want to deal with trying to get a refund
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01-18-2026
10:18 PM
Coins generally aren’t tax-free just because they’re silver. There’s often a purity factor involved.
My understanding is that the one of the few circumstances where a silver purchase is tax-free is if the item is listed in the “bullion” category. Commemorative coins aren’t necessarily tax-free in most jurisdictions, as far as I know.
You might want to do some Google searching for your buyer’s state or province’s sales tax regulations and exemptions. Many buyers don’t know them as well as one would think.
My understanding is that the one of the few circumstances where a silver purchase is tax-free is if the item is listed in the “bullion” category. Commemorative coins aren’t necessarily tax-free in most jurisdictions, as far as I know.
You might want to do some Google searching for your buyer’s state or province’s sales tax regulations and exemptions. Many buyers don’t know them as well as one would think.
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