Whether you’re investing in bars or collecting coins, buying gold and silver is a little different from your standard purchase. When you take state laws into account, differing tax regulations add further considerations.
A smart bullion investor gets ahead of the game by learning what’s involved. When you buy your coins, bars & and rounds in California, for example, you won’t have to pay sales tax. Learn why not, and find out everything else you need to know if you plan to buy or sell bullion in the Lone Star State.
California Sales Tax
California does have a sales tax for purchasing bullion. It sits at 7.25%; however, exemptions are available when an individual spends more than $1,500 in a single transaction.
California Capital Gains Tax
Unlike state sales tax, capital gains tax does not have any exemptions for precious metals. This means that federal tax will apply regardless of where you choose to sell your bullion.
A truly diversified portfolio includes precious metals, so when you're planning for retirement, consider adding qualified bullion to your Self Directed IRA. Contact us to get started or visit our Precious Metals IRA page to learn how you can invest.
Looking for a Local Coin Show?
We attend a number of coin shows throughout the country each year. Here's where and when you'll find us at an expo near you.
Want to Join a Coin Club in California?
If you are looking to find others that share your interest in coin collecting, we keep an up-to-date list of California Coin Clubs. Here, you can find a great club to join or check to see if your club is listed.
Want to Buy Coins Locally?
Looking for somewhere nearby where you can purchase coins or other precious metal items? Check out our coin shop directory to find a place to buy coins near you.
Do you know 20 facts about California?
California has a number of interesting facts. Check out our list to see 20 facts about the Golden State.