Current law (through June 30, 2027)
- Rare or antique coins – Exempt from Connecticut sales tax only if the total transaction is $1,000 or more.
- Gold or silver bullion – Exempt if the transaction is $1,000 or more.
- Gold or silver legal tender traded for its precious metal value (such as American Gold Eagles or Canadian Maple Leafs) – Exempt if the transaction is $1,000 or more.
- Transactions under $1,000 generally do not qualify for the exemption and are subject to Connecticut's 6.35% sales tax.
Change effective July 1, 2027
Connecticut has enacted a law that will:
- Eliminate the $1,000 minimum purchase requirement.
- Extend the exemption to include palladium bullion and platinum.
- Limit the bullion exemption to gold and silver bullion that is at least 90% pure.
Examples
- $750 Morgan Dollar collection → 6.35% sales tax applies (under current law).
- $2,500 Morgan Dollar collection → Sales tax exempt.
- $1,500 American Silver Eagles → Sales tax exempt (assuming they qualify as gold or silver legal tender traded for precious metal value).
