Wyoming Precious Metal Sales Taxes

 

How Does Wyoming Tax Precious Metals?

Hero Bullion is required to collect sales taxes on certain precious metal products shipped to the state of Wyoming. On this page, you’ll find an overview of how Wyoming assesses sales taxes on bullion purchases. 

In Wyoming, four categories of products are taxable: copper bullion, precious metals without weight and purity markings, accessories, and processed bullion products. 

Here’s a brief explanation of how Wyoming defines its taxable bullion items: 

Taxable Product	Definition
Copper Products	Any product made primarily using copper bullion is taxed in the state of Wyoming, regardless of monetary value, weight, or purity.
Unmarked Precious Metals	Any precious metal product without clear markings signifying weight and purity is considered a taxable item in Wyoming.
Accessories	Accessory products refer to any item used to maintain, store, or display precious metal items. Accessories are taxed in Wyoming.
Processed Bullion	Processed bullion items are sent to a third party to be altered in a way that increases their total market value. Processed bullion products are taxed in Wyoming.

How Does Hero Bullion Calculate Sales Taxes in Wyoming? 

We make buying gold and silver easy. Hero Bullion automatically calculates all state sales taxes based on the shipping address you provide us at checkout. We’ll add these fees to your order total. If you have questions or concerns about how we calculated sales taxes on your order, please contact our customer service team immediately. 

More specific questions about how Wyoming precious metal sales taxes can be directed to the state’s Department of Revenue.