In Indiana, the state sales tax rate is 7%, but many coin and currency transactions are exempt from sales tax.
Here's how it generally works:
| Item | |
|---|---|
| U.S. paper currency (legal tender) Exempt | |
| U.S. coins that are legal tender (including many bullion coins) Exempt | |
| Qualifying gold, silver, platinum, and palladium bullion Exempt | |
| Certain collectible/numismatic coins that do not meet the exemption requirements Taxable at 7% |
|
| Coin supplies (albums, flips, holders, etc.) Taxable at 7% |
Indiana law specifically exempts:
- Legal tender (U.S. and foreign currency used as money)
- IRA-qualified coins
- IRA-qualified bullion meeting the federal standards under 26 U.S.C. § 408(m)
