Marylanders: Buy Gold & Silver Tax Free
Maryland has removed the sales tax on large coin and bullion purchases.
Brett Stelfox and the Golden Eagle team worked with industry lobbying groups and other coin dealers for over a year to add a Maryland sales tax exemption. And we made it happen. As of July 1, 2026, you no longer have to pay 6% extra on your purchases - the price you see is the price you pay.
Maryland Sales Tax Law Repealed
Maryland used to have a tax exemption for precious metals and rare coins. In 2025, though, the Legislature began looking for ways to balance Maryland's budget deficit and started looking at tax programs. They repealed the exemption on precious metals, which meant that all collectors and investors had to pay 6% more for their in-state purchases than their friends in all four neighboring states - Delaware, Pennsylvania, Virginia, and West Virginia.
When that law was enacted, it had an immediate negative impact on all buyers and sellers of coins and precious metals in Maryland. Dealers had to charge 6% more than their competitors in neighboring states; buyers had to choose between paying the extra sales tax or buying their precious metals out of state.
Brett Stelfox, the Executive Operations Manager of Golden Eagle Coins, jumped into action, spending thousands of dollars on lobbying activity, hundreds of hours raising awareness among Maryland State Senators and Delegates, and enlisting the aid and support of other Maryland dealers. Brett and his colleagues formed the Sound Money Association of Maryland, and along with the National Coin & Bullion Association and the Sound Money Defense League, they successfully lobbied Maryland legislators. Maryland's sales tax on precious metals and rare coins is now 0% on any purchase over $1,000 - the same as the neighboring states. Only residents of the nearby District of Columbia are still required to pay their sales tax on these investments.
Take advantage of this opportunity while it benefits you.