In Kansas, the sales tax treatment depends on what you're buying:
- Gold or silver coins – Exempt from Kansas sales tax.
- Gold, silver, platinum, or palladium bullion (bars, ingots, and qualifying commemorative medallions whose value is based on metal content) – Exempt from Kansas sales tax. This exemption has been in effect since July 1, 2019.
For paper currency:
- U.S. and foreign paper currency purchased as money (for example, exchanging one currency for another) is generally not subject to sales tax because it is not considered a taxable retail sale of tangible personal property.
- Collectible paper currency (such as obsolete bank notes, rare U.S. notes, Confederate currency, etc.) sold as a collectible is generally subject to Kansas sales tax, unless another exemption applies. The specific precious-metals exemption does not extend to collectible paper currency.
Quick reference
| Item | Kansas Sales Tax |
|---|---|
| Gold or silver coins | Exempt |
| Gold, silver, platinum, or palladium bullion | Exempt |
| Modern U.S. or foreign currency exchanged as money | Not subject to sales tax |
| Collectible paper currency (rare notes, obsolete notes, etc.) | Taxable |
