Washington State Bullion Tax FAQ

This page answers the most common questions we receive about Washington State’s new bullion sales and use tax, effective January 1, 2026. We understand that changes like this can be confusing or frustrating, especially when they come as a surprise. Our goal is to clearly explain what has changed, what has not, and how the tax applies when buying or selling precious metals. Bellevue Rare Coins does not set or control tax laws, but we are committed to transparency and helping our customers make informed decisions.

Is there tax when I sell my gold or silver to Bellevue Rare Coins?

No. There is NO sales tax when you sell bullion to Bellevue Rare Coins. Sales tax only applies when purchasing bullion, not when selling it.

Why is there now sales tax on bullion purchases?

A change in Washington State tax law took effect on January 1, 2026. This law removed the long-standing sales tax exemption on bullion products. Previously, gold and silver bullion were exempt from retail sales tax. Under the new law, bullion is now treated the same as other taxable goods. This change was made by the State of Washington, not by Bellevue Rare Coins or other local dealers.

What does the new tax apply to?

Retail sales tax now applies to sales of precious metals and monetized bullion, including:

• Gold, silver, platinum, and palladium.
• Coins and bars.
• Ancient coins containing precious metals.
• Sales tax has always applied to jewelry and collectibles and continues to do so.

What is the bullion sales tax rate?

• The tax rate is the same as standard retail sales tax and varies by city:
• 10.3% – Bellevue & Tacoma
• 10.6% – Lynnwood
• 10.5% – Issaqua

Rates are set by state and local jurisdictions, not by the retailer.

Where does this tax money go?

All sales tax collected goes directly to state, county, and city governments to fund:

• Education
• Infrastructure
• Public safety
• Parks and community programs

Bellevue Rare Coins does not keep any of this tax. We are legally required to collect it and remit it to the Department of Revenue.

Does this tax apply to online purchases?

Yes. All retailers — including online sellers — must now charge Washington sales tax when shipping bullion to Washington addresses. Whether you buy online or in-store, the tax applies if the product is delivered within Washington State.

Washington State Use Tax Notice

Bullion purchased outside of Washington State and brought back into the state for use or storage may be subject to Washington Use Tax. This tax is equivalent to the sales tax that would have applied if the bullion had been purchased in Washington.

Use Tax generally applies when sales tax was not paid at the time of purchase, or was paid at a lower rate than Washington’s, and applies whether the purchase was made in-person, online, or through a private seller. Additional information is available through the Washington State Department of Revenue.