Tennessee Precious Metal Sales Taxes

 

How Does Tennessee Tax Precious Metals?

Tennessee requires all precious metal dealers to collect sales taxes when they sell some precious metal products to customers residing in the state. Hero Bullion will collect these sales taxes at checkout. 

In Tennessee, only three categories of bullion products are subject to sales taxation: non-circulating currencies, accessories, and processed precious metal products. All other products are tax-exempt when shipped to Tennessee. 

Here’s a brief explanation of how Tennessee defines taxable precious metal products in their state: 

Taxable Product	Definition
Non-Circulating Currencies	Currencies that are not in circulation when they are purchased are subject to sales tax collection in Tennessee.
Accessories	Accessory items are used to store, display, clean, or handle precious metals. Accessories are taxed in Tennessee.
Processed Bullion	Bullion products sent to third parties and altered to add value to their underlying precious metal content are considered processed and are taxable in Tennessee.

How Does Hero Bullion Calculate Sales Taxes in Tennessee? 

All other precious metal products on our website are tax-free in Tennessee. 

We automatically calculate all relevant state sales taxes and apply them to your order based on the shipping address you provide at checkout. If you feel we’ve made a mistake calculating your Tennessee precious metal sales taxes, please reach out to our customer service team immediately. 

Specific questions about how Tennessee evaluates sales taxes for bullion products should be directed to the Tennessee Department of Revenue.