Texas Precious Metal Sales Taxes

 

How Does Texas Tax Precious Metals?

Each state decides its own rules for which bullion products are considered taxable. Texas’ regulations on the subject are a bit more complicated than some other states, but we’re here to explain our tax obligations in a way that anyone can understand. According to Texas law, Hero Bullion is required to collect sales taxes on products that fall into four different categories. 

Bullion products made out of copper and palladium, coins made from copper, palladium, and platinum, accessories, and processed bullion items are all subject to sales taxation when delivered to addresses in Texas. 

Here’s a brief explanation of what these four categories mean: 

Taxable Product	Definition
Copper and Palladium Bullion	Copper bullion taxes are common in the U.S, but palladium taxes are a little rarer. “Bullion” is a term that applies to products that derive their value exclusively from the precious metal they are struck with.
Platinum and Palladium Coins	The term “coin” applies to round precious metal products backed by sovereign federal governments. Platinum and palladium coins are taxable in Texas.
Non-Tender Currency	Currency not currently considered legal tender by a sovereign government is taxable in Texas.
Accessories	Accessories include any products used to store, display, or maintain precious metal items. Accessories are subject to sales tax collection in the state of Texas.
Processed Bullion	When a product is processed by an outside party in order to add value to its base precious metal content, it counts as a taxable processed item.

How Does Hero Bullion Calculate Sales Taxes in Texas? 

If this sounds complicated, you can rest easy. Hero Bullion automatically determines how Texas’ sales tax laws apply to your orders. We apply the required tax amount to your total on the final checkout page, making the purchase process as easy as possible for all of our customers. 

If you think we might have made a mistake calculating your sales taxes owed, contact our support team. For a more comprehensive breakdown of Texas’ tax laws as they relate to online bullion sales, visit or contact the Texas Comptroller of Public Accounts here.