n Idaho, most coin and currency transactions are exempt from sales tax.
Specifically:
- Precious metal bullion (gold, silver, platinum, etc.) is exempt from Idaho sales tax.
- Monetized bullion—coins made of gold, silver, or other metals that are or have been legal tender in the U.S. or a foreign country—is also exempt. This includes many bullion coins such as:
- American Gold Eagles
- American Silver Eagles
- Canadian Maple Leafs
- South African Krugerrands
- Austrian Philharmonics
Taxable exceptions
Idaho sales tax does apply to:
- Commemorative medallions, tokens, and similar items that are not legal tender.
- Coins or currency sold to be incorporated into jewelry or works of art.
- Decorative items (such as belt buckles or necklaces) containing coins or bullion.
Paper currency
Sales of paper currency that is legal tender (such as U.S. notes or foreign banknotes) are generally treated as exempt under Idaho's rules regarding coins and other currency.
